6000 S 6th Street Frontage Rd E, Springfield, IL 62712
Cleared land near I-55, suitable for development or lease.
- Added:
- Jul 21, 2023
- Days on Market:
- 1082
- Last Refresh:
- Jun 28 at 6:49 pm
Property Features for 6000 S 6th Street Frontage Rd E
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Property subtype
- Mixed Use
Listing office Keller Williams Capital (217) 971-6775
Listing date Jul 21, 2023
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Capital
HighLights
- Prime development location with high visibility and accessibility off I‑55.
- Cleared land with gully being filled, creating a ready‑to‑build site.
- High‑traffic area surrounded by established businesses.
- Owner open to selling or leasing the property.
- Build‑to‑suit option available, offering customization.
- NFR certificate included with the property.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.5k | $19.80 |
| − Vacancy | −$3.2k | −$1.29 |
| EGI | $46.3k | $18.51 |
| − OpEx | −$11.6k | −$4.63 |
| NOI | $34.7k | $13.88 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Sangamon
- State
- Illinois
- Longitude
- -89.64823
- Latitude
- 39.754018
