Warehouses for sale in Springfield, Illinois, offer a unique investment opportunity for those looking to capitalize on the city's strong government and healthcare sectors. As the capital city of Illinois, Springfield is home to a diverse range of industries, including state and county government institutions, healthcare providers, and related firms. Warehouses in Springfield can represent a variety of investments, from distribution and logistics centers to manufacturing facilities and storage spaces. With its strategic location at the intersection of Interstate 55 and I-72, Springfield provides easy access to major transportation hubs, making it an attractive location for businesses that rely on the transportation of goods. The city's amenities, including the City Water, Light & Power and Ameren Illinois, provide reliable infrastructure for businesses to operate efficiently. Additionally, Springfield's educational institutions, such as the University of Illinois Springfield and Lincoln Land Community College, provide a skilled workforce for businesses to draw from. With its rich history, cultural attractions, and outdoor recreational opportunities, Springfield is a great place to live, work, and do business.
With 3 warehouses for sale in Springfield, there are plenty of options to choose from. These warehouses range in size from 32,800 square feet to 45,000 square feet, offering a variety of spaces to suit different business needs. The average price per square foot for warehouses in Springfield is $34 USD, and the average cap rate is. In addition to warehouses, Springfield also offers a range of other commercial properties, including industrial properties, land, residential income homes, and commercial real estate. Industrial properties in Springfield are ideal for businesses that require specialized facilities, such as manufacturing or research and development. Land in Springfield is available for development, offering opportunities for businesses to build their own facilities. Residential income homes in Springfield provide a steady stream of income for investors, while commercial real estate offers a range of options for businesses looking for office or retail space. Overall, Springfield is a great place to invest in commercial real estate, with its strong economy, convenient location, and diverse range of properties available.
What are the key features investors look for in warehouses in Springfield?
When searching for warehouses in Springfield, investors typically look for properties with specific features that meet their business needs, including:
- Average price per square foot of $34 USD, with sizes ranging from 32,800 square feet to 45,000 square feet, offering flexibility for various operations.
- A strong average cap rate of , indicating a potential for steady returns on investment.
- Proximity to major transportation hubs, such as Interstate 55 and I-72, Amtrak routes, and the Abraham Lincoln Capital Airport, ensuring easy access to regional and national markets.
What size warehouses are available to buy in Springfield?
Warehouses for sale in Springfield range in size from 32,800 square feet to 45,000 square feet, with an average price per square foot of $34 USD and an average cap rate of , offering a variety of options for businesses and investors looking to purchase a warehouse in the area.
How much does it cost to buy a warehouse in Springfield?
When it comes to buying a warehouse in Springfield, the cost can vary depending on factors such as size, location, and condition, but on average, you can expect to pay around $34 USD per square foot, with the average warehouse size being around 32,800 square feet, and the largest warehouse available being around 45,000 square feet, with an average cap rate of , and with 3 available listings to choose from.
