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Office Building with Elevator
For Sale
$75,000

2040 Hill Meadows Drive, Springfield, IL 62702

Commercial Sale, Springfield, IL

Property SizeContact for details
Lot Size1.46 Acres
Days on Market217

Property Features for 2040 Hill Meadows Drive

General Information

Property type Commercial Sale
Property subtype Other
Zoning R-5B
Directions GPS Friendly
Standard status Active
APN 14290351075
Lot size 1.46 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 6449

Utilities

Utilities Water Available
Sewer type Public Sewer
Heating system Forced Air
Cooling system Central Air

Building Details

Floors in Building 1
Flooring type Tile
Building materials Brick, Block
Listing Agency: The Real Estate Group, Inc.
Listed By: Jami Winchester · License #475109074
Added: Feb 27 Changed: Sep 27 Last Checked: Oct 2 at 6:06AM
MLS# CA1041992

Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This two-level office property has a reception area near the entrance, an elevator, and two stairways. Each floor includes two restrooms. The exterior combines brick and block construction with multiple windows, and the roof is approximately 4 years old. The property is offered in its current condition, as-is, where-is, and with all faults.

The building sits on 1.46 acres at 2040 Hill Meadows Drive in Springfield. A large parking lot serves the property. Zoning is R-5B, with water available and public sewer.

Key Highlights

  • Two‑level office building with elevator and two stairways
  • 1.46‑acre property with a large parking lot
  • Two restrooms on each floor

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Kitchen & Bath Showroom Parking Lot & Garage Building Supply

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

510
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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
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Frequently Asked Questions

What type of property is this?
Office building - The two-level layout includes a front reception area and vertical circulation by elevator and stairs.
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 $75,000.
What are key features of this property?
This property features: Two‑level office building with elevator and two stairways; 1.46‑acre property with a large parking lot; Two restrooms on each floor
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