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Fully Leased Office Building
For Sale
$875,000

1224 Centre West Drive, Springfield, IL 62704

Fully leased office building near Veterans Pkwy with a tenant mix including legal and dental professionals.

Days on Market31

Property Features for 1224 Centre West Drive

General Information

Standard status Active
Property subtype Commercial
Occupancy 100%

Building Details

Tenancy Multi
Listing Agency: The Real Estate Group, Inc
Listed By: Jay Clark ([email protected])
Source: Curveyrealestate
Added: Jun 30 Changed: Jul 21 Last Checked: Jul 30 at 7:23AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Real Estate Group, Inc

Investment Insights

Based on property information with market context.

This fully leased office building is suited for investors seeking an income-producing commercial property. The building is occupied by a tenant mix that includes a dentist, attorney, CPA, investment-related tenant, and therapist.

Located on the west side just off Veterans Pkwy, the property is described as being close to downtown Springfield.

The offering is positioned as an investor opportunity given the building’s current leased status and diversified professional tenant mix.

Key Highlights

  • Fully leased office building
  • Westside location just off Veterans Pkwy
  • Tenant mix includes a dentist, attorneys, CPAs, investment professionals, and therapists

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Restaurant Building Supply Auto Repair Shop Big Box & Wholesale Store Auto Parts Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

922
Businesses Nearby

Demographics for 62704, IL

39,157
Population
20,706
Households
1.9
Avg Household Size
40
Median Age
42%
College-Educated
95%
High-School Grad
12.2 sq mi
ZIP Area
3,210
Density / Sq Mi
$66,352
Median Household Income
$44,793
Median Earnings
$924
Median Rent
$166,900
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Fully leased office building near Veterans Pkwy with a tenant mix including legal and dental professionals.
Where is this office building located?
The property is located at 1224 Centre West Drive Springfield, IL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Fully leased office building; Westside location just off Veterans Pkwy; Tenant mix includes a dentist, attorneys, CPAs, investment professionals, and therapists
More about this property
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