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Two-Level Office Building
For Sale
$183,900

2040 Hill Meadows Drive, Springfield, IL 62702

Two-level office building with an elevator, two staircases, and a large parking lot on 1.46 acres.

Property Size24,600 SF
Lot Size1.46 Acres
Price / SF$7.48
Days on Market162

Property Features for 2040 Hill Meadows Drive

General Information

Standard status Active
Size 24,600 SF
Lot size 1.46 Acres
Property subtype Commercial

Amenities

reception area
elevator
staircases
restrooms

Building Details

Stories 2
Construction split faced concrete block
Listing Agency: The Real Estate Group, Inc.
Listed By: Jami Winchester · License #475109074
Source: Craggsrealtors
Added: Feb 27 Changed: Jul 22 Last Checked: Jul 25 at 3:38PM

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 spacious two-level office building features split-faced concrete block exterior construction with many windows. The front entrance includes a reception area, and the interior is served by an elevator plus two staircases. Each floor has two restrooms, supporting day-to-day office operations.

The property sits on 1.46 acres and includes a large parking lot with ample parking spaces. The roof is approximately four years old. The building is being sold as-is, where-is, and with all faults.

On-site configuration includes a front-door reception area, elevator and stair access to both levels, and restroom facilities on each floor.

Key Highlights

  • Two‑level office building with many windows and a front reception area
  • Large parking lot with ample parking spaces on 1.46 acres
  • Interior features include an elevator and two staircases

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Parking Lot & Garage Kitchen & Bath Showroom Building Supply Skin Care Clinic

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

Location Intelligence

Trade Area within ½ mile

472
Businesses Nearby

Demographics for 62702, IL

33,712
Population
17,083
Households
2
Avg Household Size
41
Median Age
20%
College-Educated
90%
High-School Grad
15.4 sq mi
ZIP Area
2,189
Density / Sq Mi
$52,748
Median Household Income
$38,160
Median Earnings
$858
Median Rent
$102,300
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
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Frequently Asked Questions

What type of property is this?
Office building - Two-level office building with an elevator, two staircases, and a large parking lot on 1.46 acres.
Where is this office building located?
The property is located at 2040 Hill Meadows Drive Springfield, IL.
What is the asking price?
The asking price for this property is $183,900.
What are key features of this property?
This property features: Two‑level office building with many windows and a front reception area; Large parking lot with ample parking spaces on 1.46 acres; Interior features include an elevator and two staircases
More about this property
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