Fenced Flex
New
For Sale
$395,000
3107 S PARK Avenue, Springfield, IL 62704
COMMERCIAL - Springfield, IL
Property Size960 SF
Price / SF$411.46
Days on Market3
Property Features for 3107 S PARK Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Directions
Wabash E, right on Junction Circle.
Standard status
Active
APN
22-08.0-403-001
Taxes and HOA fees
Tax Year
2025
Tax Description
N PT L 84 PIERIK PLACE
Tax Annual Amount
6774
Legal Description
N PT L 84 PIERIK PLACE
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Floors in Building
1
Flooring type
Tile, Concrete
Building materials
Steel Frame, Wood Siding, Aluminum Siding, Frame
Roof type
Composition, Metal
Listing Agency:
The Real Estate Group, Inc.
(217) 787-7000
Listed By:
Randy Aldrich · License #475105744
(217) 725-2505
Added: Aug 4
Changed: Aug 5
Last Checked: Aug 6 at 4:06AM
MLS# CA1045605
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 flex property includes two separate buildings on a commercially zoned parcel. The 24' x 40' office building features a reception area, kitchenette, full bathroom, and two private offices. A finished and insulated 40' x 60' warehouse provides in-floor boiler radiant heat, front and rear overhead doors, and another bathroom with shower.
The property is enclosed by tall fencing topped with barbed wire and entered through a remote-operated electric gate. Interior finishes include tile and concrete flooring, while building systems include natural-gas heating, forced-air service, central air conditioning, public sewer, and metal and composition roofing.
The property is enclosed by tall fencing topped with barbed wire and entered through a remote-operated electric gate. Interior finishes include tile and concrete flooring, while building systems include natural-gas heating, forced-air service, central air conditioning, public sewer, and metal and composition roofing.
Key Highlights
- 24' x 40' standalone office building with reception area, kitchenette, full bath, and two private offices
- Finished and insulated 40' x 60' warehouse
- In‑floor boiler radiant heat in the warehouse
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.1k | $21.96 |
| − Vacancy | −$4.2k | −$4.39 |
| EGI | $16.9k | $17.57 |
| − OpEx | −$4.2k | −$4.39 |
| NOI | $12.6k | $13.18 |
960 SF · lease $21.96/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$180.7K
$158.1K – $210.8K
NOI $12,649 @ 7.0% cap · market cap 3.20%
Second Best
Flex RnD
$137.0K
$119.9K – $159.9K
NOI $9,592 @ 7.0% cap · market cap 2.43%
Theoretical Best
Office A
$235.7K
$206.2K – $275.0K
NOI $16,499 @ 7.0% cap · market cap 4.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
361
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Utter's Catering & BBQ — 2905 S MacArthur Blvd, Springfield, IL 62704, United States
Frequently Asked Questions
What type of property is this?
Flex space - Separate office and warehouse buildings provide a combined commercial setup with controlled gated access.
Where is this flex space located?
The property is located at 3107 S PARK Avenue Springfield, IL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 24' x 40' standalone office building with reception area, kitchenette, full bath, and two private offices; Finished and insulated 40' x 60' warehouse; In‑floor boiler radiant heat in the warehouse
