Industrial Properties for sale in Springfield, Illinois, offer a unique investment opportunity in the state capital. With a strong presence of government jobs and related industries, Springfield's economy is well-positioned to support industrial development. Industrial Properties in Springfield can represent a range of investments, from warehouses and manufacturing facilities to distribution centers and more. The city's infrastructure, including the City Water, Light & Power and Ameren Illinois, provides a reliable foundation for industrial operations. Additionally, Springfield's location at the intersection of Interstate 55 and I-72 makes it an attractive hub for transportation and logistics. The city's amenities, such as the University of Illinois Springfield and Lincoln Land Community College, also provide a skilled workforce and opportunities for collaboration. With attractions like the Abraham Lincoln Presidential Library and Museum, Springfield is a great place to do business and visit.
With 3 Industrial Properties for sale in Springfield, investors have a range of options to choose from. In addition to Industrial Properties, Springfield also offers Warehouses, with their flexible spaces and convenient locations, making them ideal for businesses that require storage and distribution facilities. Land is also available for development, providing an opportunity to build from the ground up. Apartment Buildings offer a chance to invest in residential real estate, while Commercial Real Estate provides a range of options for office and retail spaces. Each of these property types offers a unique investment opportunity in Springfield, with its strong economy and convenient location. Overall, Springfield is a great place to invest in Industrial Properties, with its rich history, cultural attractions, and business-friendly environment.
What is the average price per square foot for industrial properties in Springfield?
The average price per square foot for industrial properties in Springfield is $28 USD.
How do location and transportation access affect industrial property values?
Location and transportation access play a significant role in determining industrial property values in Springfield, with proximity to major highways, airports, and railroads being highly desirable.
- Industrial properties near Interstate 55 and I-72, which run through the city, tend to have higher values due to easy access to regional and national markets.
- Properties close to the Abraham Lincoln Capital Airport, which offers scheduled passenger jet service, and the Sangamon Mass Transit District (SMTD) bus system, are also in high demand, as they provide convenient transportation options for employees and goods.
- Additionally, properties with rail access, such as those served by Canadian National, Illinois and Midland Railroad, Kansas City Southern, Norfolk Southern, and Union Pacific, can command higher prices due to the cost savings and efficiency of rail transportation.
