Fully Entitled Development Site | 4.25 Acres | Springfield IL

Highlights:

• Developmental Flexibility: Zoned by right for Self‑Storage, Office, and Retail, the site can also be down-zoned for residential uses, providing exceptional optionality for future development.
• Favorable Adjacencies: This site is uniquely adjacent to both retail and residential properties, making it a great fit for additional retail or residential, but also a rare opportunity for Self-Storage which is usually relegated to the outside of town.
• Exceptionally Low Competitive Supply for Self-Storage: Competitive saturation remain below 3.0 within the 1-, 3-, and 5‑mile radii, indicating strong unmet demand and limited nearby supply.
• Strong Household Income Profile: The five‑mile radius boasts an HHI above the national average, while the 1‑ and 3‑mile radii fall slightly below it - an attractive mix that aligns well with self‑storage tenant demographics, i.e., local households have money to make purchases, but have spatial restraints that require renting storage.
• Stable Long-Term Population Trend: Springfield’s population has decreased only 0.75% year‑over‑year and just 1% over the past 20 years, reflecting long‑term stability.
• Government Hub Drives Storage Demand: As the center of the state government, Springfield experiences higher population turnover tied to election cycles and administrative changes. This churn contributes to demand for both Multi-family and Self-Storage that exceeds typical per‑capita benchmarks.

Description:

Ri Marketplace Online Auction April 13th-15th, 2026
Register to bid on Marketplace:

https://rimarketplace.com/auction/3048/fully-entitled-development-site-4.25-acres-springfield-il?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=land_3048


Friedman Real Estate, in conjunction with RI Marketplace, present for sale 815 N. 11th Street, Springfield, IL 62702. The property sits just blocks away from the State capital, ideally positioned between the downtown commercial district and a single family residential neighborhood. The site is divided by public alleyways, which we are in the final steps of acquiring from the city. When complete this will be a four acre, contiguous, parcel. The site has consistently played an important role in the community as well. 815 N. 11th provided rare job opportunities for women when held by the International Shoe Company. The site was also home to charitable deeds for both Good Will and Youth Fair Chance.

Property Tours
Property tours are available by appointment only. Please reach out to Kris Parker, Kris.Parker@freg.com | 312-259-2272, to schedule.


Scott Bowers
c/o Fisher Auction Company Inc.
License: 040000273
The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

Documents: