Office/Warehouse Building for Sale

Industrial for Sale
Office/Warehouse Building for Sale
Catylist Listing ID: 30336075
Property Subtypes: Free-Standing, Light Industrial, Office Showroom, Warehouse/Distribution
Building Size (RSF): 12,000 SF
Gross Building Area: See Agent
Sale Price: $675,000
Unit Price: $56.25 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/13/2018

Overview / Comments

New to the market: +/- 12,000 sq. ft. retail office/warehouse building at 1939-1945 E. Phelps in central Springfield. Conveniently located two blocks east of Glenstone on Chestnut Expressway, then one block south to Phelps. Easy access to Hwy. 65 to the east, or I-44 to the north. This +/- 12,000 sq. ft. building is separated by a partial firewall and therefore has separate utility meters, HVAC, bathrooms, etc. for each 6,000 sq. ft. section. Each side includes fire suppression systems. Roughly 36% office and 64% warehouse space with 16’ eave height. The building is constructed of steel on a concrete slab. Two points of access on the front and two doors on back including two 10’ x 12’ steel insulated overhead doors accessing an elevated covered loading dock.

The building sits on +/- .81 acres with 25 parking spaces available as well as an additional two handicap spaces. The property is zoned industrial/commercial. The building was constructed in 1997 by its current owner and has been well maintained. 2017 RE taxes - $8,455.84.

Additional Details

Nearest MSA: Springfield
County: Greene

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,148 81,899 160,536
Median Age: 29.17 32.89 35.68
Households: 5,691 34,610 69,299
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