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Industrial

Industrial Land | Enterprise Zone | 96 AC Effingham, IL

S Banker St, Effingham, IL 62401

Listing Price: $6,276,560

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

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 County offers an extensive utility infrastructure and abundant resources, catering to diverse business needs. Whether a company requires substantial water and sewer capacity, reliable electricity sources, or a high-speed fiber optic network, Effingham offers comprehensive support. With an expansive IT infrastructure in place, Effingham is well equipped to accommodate diverse business requirements.

Investment Highlights

  • 96.06 Acres | Development Land | Zoned M-1, Light Industrial | 1206' Property Border on CN Rail Line -Potential for Rail Access to Subject Property | Enterprise Zone | TIF District
  • Ideally Located along S. Banker St. (12,200VPD). Subject Property is Located North of John Boos Existing Facility; Across from Expanding Effingham Airport; and 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 FlexNGate.
  • 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).
  • Average Household 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 Eight 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

Industrial Land | Enterprise Zone | 96 AC Effingham, IL

Listing Price: $6,276,560

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

Investment Highlights

  • 96.06 Acres | Development Land | Zoned M-1, Light Industrial | 1206' Property Border on CN Rail Line -Potential for Rail Access to Subject Property | Enterprise Zone | TIF District
  • Ideally Located along S. Banker St. (12,200VPD). Subject Property is Located North of John Boos Existing Facility; Across from Expanding Effingham Airport; and 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 FlexNGate.
  • 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).
  • Average Household 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 Eight 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: 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 County offers an extensive utility infrastructure and abundant resources, catering to diverse business needs. Whether a company requires substantial water and sewer capacity, reliable electricity sources, or a high-speed fiber optic network, Effingham offers comprehensive support. With an expansive IT infrastructure in place, Effingham is well equipped to accommodate diverse business requirements.

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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