Current Use by Public Records
- State of Illinois Office / State Government Office
Property Details for 100 Martin Luther King Jr Dr
- Property type
- Warehouses
- Property subtype
- Office Spaces
Description
This Springfield, Illinois industrial property, located at 100 S Martin Luther King Jr Drive, offers ±5,892 square feet of leasable space in a single-tenant building. The ±22,800 square foot building sits on a ±1.74-acre lot (approximately 75,600 square feet) and enjoys a high-visibility corner location at the intersection of Washington Street and Martin Luther King Jr Drive. Benefit from excellent access to Interstates 55 and 72 via Clear Lake Avenue. The property boasts abundant parking and a daily traffic count of 8,150 vehicles (per IDOT). The building features a new roof installed in 2014 by Meyer Roofing, currently under warranty. The owner, a building contractor, is willing to perform below-market-cost renovations. Pass-through expenses (real estate taxes, insurance, and maintenance) will be capped at $3.50 per square foot for the first five years of the lease. The property's zoning is I-1, and the 2022 real estate taxes totaled $19,081.34. This presents a unique opportunity for businesses seeking a well-located, adaptable industrial space with a cooperative owner.
Value Estimations
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Sangamon
- State
- Illinois
- Longitude
- -89.6305
- Latitude
- 39.801
