2160 E Enterprise St Springfield, IL 62702
For Sale
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This Springfield, Illinois industrial property offers a unique investment opportunity. The 3.3-acre lot features two buildings totaling 13,848 square feet. The western building, a roughly 7,500 square foot Quonset hut, includes an office with heating and window air conditioning. The eastern building, approximately 6,348 square feet, sustained fire damage and presents a redevelopment opportunity. The property is zoned I-1 and features one dock-high door. Built in 1999, this vacant warehouse is priced at $18.05 per square foot and offers significant potential for various industrial uses, expansion, or repurposing. The ample lot size allows for flexibility and future growth. The property's location in Sangamon County, Illinois, with APN 14-26.0-251-001, 14-26.0-251-002, provides easy access to Springfield's infrastructure and transportation networks. This modified lease property presents a compelling investment for businesses seeking expansion or redevelopment opportunities. The combination of a functional warehouse and a building requiring renovation provides a unique blend of immediate use and long-term potential.
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JK-5 Construction, Inc Construction Company General Contractor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
I1 · Springfield, ILSpringfield. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.