701 E Princeton Ave - Warehouse FOR SALE


Springfield, IL 62703
$290,000 USD
217-971-2258
701 E Princeton Ave, Springfield, IL for Sale
$290,000 USD
Warehouse - FOR SALE
1/4
null | Request Cap Rate

701 E Princeton Ave
Springfield, IL 62703


HIGHLIGHTS

  • Quiet neighborhood
  • Lots of natural light
  • Beautiful wood bow trusses
  • I-1 Light Industrial zoning

OVERVIEW

701 E Princeton Avenue presents an owner-user or investment opportunity within Springfield's established industrial market. The property consists of an industrial warehouse facility situated on approximately 1.50 acres and is configured to support a variety of warehouse, light manufacturing, distribution, and flex industrial operations. Interior improvements include multiple offices, a break room, restrooms, and shower/changing facilities, creating a functional balance between warehouse and administrative space. The building offers operational features that support day-to-day industrial use, including dock-high loading, a grade-level overhead door, clear-span warehouse areas, and yard or outdoor storage capability. Natural light and exposed wood bow trusses contribute to the building's character while maintaining practical industrial functionality. The site layout provides parking and maneuvering areas for vehicles and deliveries. Located on Springfield's east side, the property benefits from access to the city's industrial and commercial corridors, allowing connectivity to local businesses, workforce populations, and regional transportation routes serving Central Illinois. Its zoning and existing improvements position the asset for continued industrial occupancy while providing flexibility for a range of operational users.

FOR SALE DETAILS

PRICE

$290,000 USD

PRICE/SF

$16 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Warehouse - Business 55

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

undefined, R&D, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

16 Ft

DOCKS

2

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.5

LAND SF

65,340

ZONING

I-1

APN/PARCEL ID

22-03.0-308-012

ASK ABOUT THIS PROPERTY

Kirk JefferisCity Scape Real EstateMore Info
217-971-2258

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Kirk JefferisCity Scape Real EstateMore Info
217-971-2258

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.