Property History
815 N. 11th Street, Springfield, IL 62702 sits just blocks away from the State Capitol, ideally positioned between the downtown commercial district and a single-family residential neighborhood. The site is divided by public alleyways, which we are in the final steps of acquiring from the city. While the site was previously made up of 17 separate parcels, the city has since consolidated them into two larger parcels—one comprising the northern half of the property, the other the southern half. Although originally anticipated to become one contiguous four-acre parcel, the current configuration reflects this two-parcel structure.
The site has consistently played an important role in the community. 815 N. 11th once provided rare job opportunities for women through the International Shoe Company, and later became home to charitable organizations such as Goodwill and Youth Fair Chance 6.
- Upon Closing, The Site Can Be Developed As A Large Class A Self-storage Facility
- 4- Acre Site With 90,260 NRSF, 876 Units
- 67% Of The Units Will Be Climate-controlled
- Blocks Away From The State Capitol, Ideally Positioned Between The Downtown Commercial District And A Single family Residential Neighborhood
- Opportunity Zone
- Environmentally approved
- 280 Parking Spots
- All Easements have been vacated
- Valued at $16MM upon reaching 93% occupancy
Loan History
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