Property profile

0 Dual Rail Site Springfield, IL 62711

OFF-MARKET
Land
389.12 ac lot
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Property summary

AI-generated overview

This exceptional 389.12± acre site presents a unique opportunity for industrial development in Sangamon County, Illinois. The property boasts convenient access to major transportation arteries, including proximity to the I-72 interchange (within half a mile), I-55 (within 6 miles), and numerous other interstate connections within a reasonable driving distance. Utilities are readily available on-site, including electricity, water, and natural gas. A significant advantage is the property's strategic location between two major rail lines: the Norfolk Southern Rail Line (4,084 feet at the property line) to the north and the Canadian Pacific Kansas City Rail Line (1,908 feet at the property line) to the south, providing excellent rail access for logistics and distribution operations. The site is zoned A and is currently undeveloped farmland, offering flexibility for a wide range of industrial projects. Its location offers easy access to both St. Louis (90 miles) and Chicago (3.5-hour drive), making it an ideal location for businesses seeking to serve a large regional market. This expansive parcel presents a rare opportunity to establish a significant industrial presence in a strategically advantageous location. The property is ready for development and offers substantial potential for growth and return on investment.

Property profile

Verified
Property type Land
Lot 389.12 ac (16,950,067 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Dual Rail Site Springfield, IL 62711
Springfield metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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