Marcus & Millichap Inc.
09/01/2026 | Press release | Distributed by Public on 09/01/2026 16:08
Marcus & Millichap Brokers Sale of 110,344-Square-Foot Industrial Property in Effingham, Illinois
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Marcus & Millichap Brokers Sale of 110,344-Square-Foot Industrial Property in Effingham, Illinois
September 01, 2026
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EFFINGHAM, Ill., Sept. 1, 2026 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 421 W. Industrial Ave., a vacant, single-tenant industrial property in Effingham, Illinois.
"This was an off-market owner-user sale that resulted from years of relationship-building with the sellers," said Forest Bender, managing director investments. "We sold the property to them years ago as part of a 1031 exchange and were able to help them achieve a strong return when they decided to sell. Its location between St. Louis and Indianapolis makes it attractive to industrial users while offering a more affordable alternative to larger markets."
Bender, investment specialist in Marcus & Millichap's Indianapolis office, in association with Steven Weinstock, Marcus & Millichap's Illinois broker of record, had the exclusive listing to market the property on behalf of the Ohio-based seller. Jeremie Johnson and Nathan Whalen, also from the firm's Indianapolis office, procured the buyer, a local private entity.
The property consists of a 110,344-square-foot industrial building on 5.3 acres in Effingham. Constructed in 1972, the facility was vacant at the time of sale and had previously been occupied by NOVA Solutions, Inc.
"This was an off-market owner-user sale that resulted from years of relationship-building with the sellers," said Forest Bender, managing director investments. "We sold the property to them years ago as part of a 1031 exchange and were able to help them achieve a strong return when they decided to sell. Its location between St. Louis and Indianapolis makes it attractive to industrial users while offering a more affordable alternative to larger markets."
Bender, investment specialist in Marcus & Millichap's Indianapolis office, in association with Steven Weinstock, Marcus & Millichap's Illinois broker of record, had the exclusive listing to market the property on behalf of the Ohio-based seller. Jeremie Johnson and Nathan Whalen, also from the firm's Indianapolis office, procured the buyer, a local private entity.
The property consists of a 110,344-square-foot industrial building on 5.3 acres in Effingham. Constructed in 1972, the facility was vacant at the time of sale and had previously been occupied by NOVA Solutions, Inc.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
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