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Industrial

Effingham Industrial Land | 91 AC Available

S Banker St, Effingham, IL 62401

Listing Price: $5,945,940

Lot Size
91.00 acres
Price/Acre
$65,340
Land Type
Land

Investment Overview

Marcus & Millichap is pleased to exclusively represent an exceptional development/investment opportunity: 91 Acres Industrial Development Land in Effingham, Illinois. Zoned: M-1 Light Industrial/B-2 Commercial, the property is divisible, offering lots from 1.95 Acres to 71.3 Acres (lot sizes are negotiable). It is positioned along ~1206’ of the Canadian National Class 1 Rail Line, with potential for rail access. The site features ~2,300 feet of frontage on S Banker St (12,200 VPD), with potential curb cuts from the lots fronting this street. Located 10-minutes from the intersection of I-70 and I-57 (45,000 VPD), proposed new road infrastructure through the property could provide ease of access with additional ingress/egress optimizing traffic flow.

The site’s utility infrastructure includes a 12" water and sewer line, a 69kV line running across from the site, a 12kV, 3-phase line along S Banker St, and a 300psi MAOP gas service line. Combined with an expansive IT infrastructure, Effingham is well-equipped to meet diverse business needs.

Positioned within an Enterprise Zone, the subject property benefits from a range of potential incentives aimed at stimulating economic growth. These incentives could include property tax abatements, sales tax exemptions, and state incentives, potentially reducing development costs. The original city Enterprise Zone generated over 475 projects, $700 million in investment, 4,000 new jobs between 1988 and 2017.
Effingham is part of the Effingham, IL Micropolitan Statistical Area and is known as the “Crossroads of Opportunity" due to its location at the intersection of major highways: I-70 spanning from Utah to Maryland, and I-57 connecting Chicago to southern Missouri. Effingham's highway and rail networks serve as a critical hub, facilitating connections with 75% of the U.S. population.

Effingham is hailed as the "Crown Jewel of Central Illinois," serving as the economic hub for South Central Illinois. The region features 6.1 million SF of industrial space, spread across 52 existing buildings, with a low vacancy rate of 3.9% and availability rate of 1.1% (CoStar Group), Effingham continues to experience steady population growth. People enter Effingham every day for work, shopping, and healthcare services, increasing daytime population by 18%.

Investment Highlights

  • 91 Acres | Development Land | Zoned M-1 Light Industrial/B-2 Commercial | 1206' Property Border on CN Class 1 Rail Line - Potential for Rail Access to Subject Property | Enterprise Zone | TIF District
  • Available Lots From 1.95 AC - 71.3 AC (Lot Sizes are Negotiable) | Utility Infrastructure Includes 12" Water & Sewer Line, 69kV & 12kV Lines, & 300psi MAOP Gas Service Line
  • Ideally Located along S. Banker St. (12,200VPD). Subject Property is Located North of John Boos Existing Facility | Across from Expanding Effingham Airport | Adjacent to Additional City Owned Land
  • Extremely Low Industrial Vacancy (3.9% with 1.1% Availability). Over 6 Million SF Developed in Immediate Area Including Facilities for ADM, Pepsico, Sherwin Williams, Quad Graphics, and Flex-N-Gate
  • Effingham is Interconnected with 75% of the U.S. Population, Major Canadian Markets, and Over 70 Ports through its Highways and Class 1 Rail Systems Provided by Canadian National, CSX, and Union Pacific, as well as Effingham Railroad (Local Rail Service)
  • AHHI Income: $84,800; Population: 28,618 (10-Miles) | Daytime Population: 33.770 (+18%) | Effingham County Attracts a Skilled Labor Force of 175,000 Individuals from 8 Surrounding Counties (Effingham EDC)
  • State of Illinois Ranks #2 in Nation for Corporate Expansions & Relocations in 2023 (Site Selection Magazine) | 552 Business Expansions/Relocation Projects | #2 Projects per Capita

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Financing By

Industrial

Effingham Industrial Land | 91 AC Available

Listing Price: $5,945,940

Lot Size
91.00 acres
Price/Acre
$65,340
Land Type
Land

Investment Highlights

  • 91 Acres | Development Land | Zoned M-1 Light Industrial/B-2 Commercial | 1206' Property Border on CN Class 1 Rail Line - Potential for Rail Access to Subject Property | Enterprise Zone | TIF District
  • Available Lots From 1.95 AC - 71.3 AC (Lot Sizes are Negotiable) | Utility Infrastructure Includes 12" Water & Sewer Line, 69kV & 12kV Lines, & 300psi MAOP Gas Service Line
  • Ideally Located along S. Banker St. (12,200VPD). Subject Property is Located North of John Boos Existing Facility | Across from Expanding Effingham Airport | Adjacent to Additional City Owned Land
  • Extremely Low Industrial Vacancy (3.9% with 1.1% Availability). Over 6 Million SF Developed in Immediate Area Including Facilities for ADM, Pepsico, Sherwin Williams, Quad Graphics, and Flex-N-Gate
  • Effingham is Interconnected with 75% of the U.S. Population, Major Canadian Markets, and Over 70 Ports through its Highways and Class 1 Rail Systems Provided by Canadian National, CSX, and Union Pacific, as well as Effingham Railroad (Local Rail Service)
  • AHHI Income: $84,800; Population: 28,618 (10-Miles) | Daytime Population: 33.770 (+18%) | Effingham County Attracts a Skilled Labor Force of 175,000 Individuals from 8 Surrounding Counties (Effingham EDC)
  • State of Illinois Ranks #2 in Nation for Corporate Expansions & Relocations in 2023 (Site Selection Magazine) | 552 Business Expansions/Relocation Projects | #2 Projects per Capita

Investment Overview

Marcus & Millichap is pleased to exclusively represent an exceptional development/investment opportunity: 91 Acres Industrial Development Land in Effingham, Illinois. Zoned: M-1 Light Industrial/B-2 Commercial, the property is divisible, offering lots from 1.95 Acres to 71.3 Acres (lot sizes are negotiable). It is positioned along ~1206’ of the Canadian National Class 1 Rail Line, with potential for rail access. The site features ~2,300 feet of frontage on S Banker St (12,200 VPD), with potential curb cuts from the lots fronting this street. Located 10-minutes from the intersection of I-70 and I-57 (45,000 VPD), proposed new road infrastructure through the property could provide ease of access with additional ingress/egress optimizing traffic flow. The site’s utility infrastructure includes a 12" water and sewer line, a 69kV line running across from the site, a 12kV, 3-phase line along S Banker St, and a 300psi MAOP gas service line. Combined with an expansive IT infrastructure, Effingham is well-equipped to meet diverse business needs. Positioned within an Enterprise Zone, the subject property benefits from a range of potential incentives aimed at stimulating economic growth. These incentives could include property tax abatements, sales tax exemptions, and state incentives, potentially reducing development costs. The original city Enterprise Zone generated over 475 projects, $700 million in investment, 4,000 new jobs between 1988 and 2017. Effingham is part of the Effingham, IL Micropolitan Statistical Area and is known as the “Crossroads of Opportunity" due to its location at the intersection of major highways: I-70 spanning from Utah to Maryland, and I-57 connecting Chicago to southern Missouri. Effingham's highway and rail networks serve as a critical hub, facilitating connections with 75% of the U.S. population. Effingham is hailed as the "Crown Jewel of Central Illinois," serving as the economic hub for South Central Illinois. The region features 6.1 million SF of industrial space, spread across 52 existing buildings, with a low vacancy rate of 3.9% and availability rate of 1.1% (CoStar Group), Effingham continues to experience steady population growth. People enter Effingham every day for work, shopping, and healthcare services, increasing daytime population by 18%.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

Financing By

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