1700 Taylor AveSpringfield, IL 62703

Property Details for 1700 Taylor Ave

Lot size

1.01 AC

Property type

Commercial real estate

APN

22-02.0-205-024

APU

22020205024

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $13,472,987

  Hospitality

  $12,341,183

  Educational

  $10,267,720

  Medical

  $10,620,842

  Retail

  $15,972,008

Location Insight

City

Springfield

County

Sangamon

State

Illinois

Latitude

39.7847

Longitude

-89.619

CBSA code

44100

CBSA name

SPRINGFIELD, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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