Self Storage Land Opportunity
4.25 acres | B-1 Zoning
Marketing description
For registration requirements and regulations, please review here or contact Bianca Diorio | 954-302-3810 | [email protected].
Springfield Self-Storage at 815 N 11th St, Springfield, IL 62702 offers a compelling opportunity to acquire a premier self-storage development site just blocks from the Illinois State Capitol. Ideally positioned between Springfield’s downtown commercial core and established single-family neighborhoods, this ±4-acre site is planned for a Class A facility totaling 90,260 NRSF with 876 units, including approximately 67% climate-controlled space. Designed to meet strong local demand, the project features a highly accessible infill location surrounded by apartments, residential density, employers, and daily-needs retail. Planned improvements include 280 parking spaces, and all easements have been vacated to support development. The site’s central location, visibility, and proximity to major traffic corridors make it well suited for long-term self-storage performance. This is a rare chance to deliver institutional-quality storage in Illinois’ capital city, where a stable employment base, strong daytime population, and diverse mix of government, healthcare, and service-sector jobs help support ongoing demand. With scale, modern design, and an exceptional urban location, this offering stands out as a high-upside development opportunity in the Springfield market!
- Non-Contingent
- Earnest Money Deposit is Greater of $20,000 or 10% of the Purchase Price
- Marketing Fee: 5% of the Winning Bid Amount, $20,000 minimum
- $10,000 Participation Deposit
815 N 11th St, Springfield, IL 62702
Investment highlights
- 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
- 280 Parking Spots
- All Easements Have Been Vacated
- Valued at $16MM upon reaching 93% occupancy
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