For Sale
$1,400,000

1700 Taylor AveSpringfield, IL 62703

High-return climate-controlled facility in prime location.

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional 14,765 square foot self-storage facility, located at 1700 Taylor Ave in Springfield, Illinois (zip code 62703), presents a compelling investment opportunity. Completely renovated in Spring 2023, this climate-controlled facility boasts a strong lease-up trajectory, currently operating at 66% unit occupancy and 19% economic occupancy. Its strategic location at the intersection of two interstates—less than two miles from both I-55 and I-72—provides unparalleled accessibility and visibility. The property benefits from an institutional-quality build and is professionally managed, ensuring efficient operations and consistent revenue generation. The asking price for this high-performing asset is $1,400,000. This represents a rare chance to acquire a newly renovated, well-located self-storage facility with significant growth potential in a thriving market. The property's strong performance and prime location make it an ideal addition to any investment portfolio.

Highlights

  • Newly constructed climate-controlled self-storage facility.
  • Opened Spring 2023.
  • Strong tenant occupancy growth.
  • Strategically located near major interstate interchange.
  • High-quality construction.

Property Details for 1700 Taylor Ave

Property type
Self storage facilities
Square Feet
14,765 SF
Year Renovated
2023

Location Insight

City
Springfield
County
Sangamon
State
Illinois
Latitude
39.78473
Longitude
-89.6190306
1700 Taylor Ave, Springfield, Illinois

FAQs

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1700 Taylor Ave
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