Investment Overview

Marcus & Millichap is pleased to exclusively represent an exceptional development/investment opportunity: 96.02 Acres of Industrial Development Land in Effingham, Illinois | Zoned: M-1 Light Industrial. Positioned along approximately 1206 feet of the Canadian National Rail Line, this property offers the potential opportunity for rail access. The subject property is located on approximately 2300 feet of frontage along S Banker St (12,200 VPD), just a 10-minute drive from the intersection of I-70 and I-57 (45,000 VPD). Proposed new road infrastructure into and through the subject property could provide ease of access with additional ingress/egress optimizing traffic flow. Located within an Enterprise Zone, the subject property benefits from a range of 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, with a 5-year growth rate of 0.7%. People flock to Effingham every day for work, shopping, and healthcare services. Effingham offers an extensive utility infrastructure, featuring a 12" water and sewer line, a 69kV line running across from the site, a 12kV, 3-phase line running along S Banker St, and a 300psi MAOP gas service line. Combined with an expansive IT infrastructure in place, Effingham is well-equipped to accommodate diverse business requirements.