Freestanding Professional Office
For Sale
Contact for pricing
3167 Robbins Road, Springfield, IL 62704
Well-maintained two-story office building with 16 private offices and 41 surface parking spaces.
Property Size10,900 SF
Lot Size1.63 Acres
Price / SF$160.55
Days on Market172
Property Features for 3167 Robbins Road
General Information
Standard status
Active
Size
10,900 SF
Total Parking Spaces
41
Lot size
1.63 Acres
Property subtype
Office
Building Details
Year Built
2001
Stories
2
Units
41
Listing Agency:
Barbermurphy Group
Listed By:
Katie Bush · License #475209285
(701) 213-3301
Source:
Crexi
Added: May 11
Changed: Oct 28
Last Checked: Oct 28 at 6:08AM
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 Barbermurphy Group
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Investment Insights
Based on property information with market context.
Built in 2001, this well-maintained freestanding office building offers a functional two-floor layout totaling 10,900 rentable square feet. The interior configuration includes 16 private offices, 3 workstations, and 2 conference rooms, supporting professional services and medical administration needs, as well as regional headquarters use. The property also provides 41 surface parking spaces.
Located at 3167 Robbins Road in Springfield, Illinois, the building is positioned within a commercial corridor on the west side of the state capital, with straightforward roadway connectivity throughout the greater Springfield market. The surrounding area includes national retailers, dining, and service providers such as Target, Walmart, Chick-fil-A, Olive Garden, Best Buy, and Kohl’s.
Recent capital improvements include a roof replacement in July 2022 and a new HVAC chiller installed in December 2025.
Located at 3167 Robbins Road in Springfield, Illinois, the building is positioned within a commercial corridor on the west side of the state capital, with straightforward roadway connectivity throughout the greater Springfield market. The surrounding area includes national retailers, dining, and service providers such as Target, Walmart, Chick-fil-A, Olive Garden, Best Buy, and Kohl’s.
Recent capital improvements include a roof replacement in July 2022 and a new HVAC chiller installed in December 2025.
Key Highlights
- Built in 2001, freestanding two‑story office building with 10,900 rentable SF on approx. 1.63 acres
- Layout includes 16 private offices, 3 workstations, and 2 conference rooms for professional services or administration
- 41 surface parking spaces for employee and client parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$143,618
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,872,360
$2.9M
Cap Rate 7%
$2,051,686
$2.1M
Cap Rate 9%
$1,595,756
$1.6M
Market Conditions
NOI Build-Up for 10,900 SF
Gross rent
$239.4K $21.96/SF
− Vacancy
−$47.9K −$4.39/SF
EGI
$191.5K $17.57/SF
− OpEx
−$47.9K −$4.39/SF
NOI
$143.6K $13.18/SF
Area
Springfield, IL
Vacancy
20.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,872,360
Cap Rate 7%
$2,051,686
Cap Rate 9%
$1,595,756
Alternative Uses
Best Use
Office B
$2.05M
$1.80M – $2.39M
NOI $143,618 @ 7.0% cap · market cap 8.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.68M
$2.34M – $3.12M
NOI $187,332 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,102
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Well-maintained two-story office building with 16 private offices and 41 surface parking spaces.
Where is this office building located?
The property is located at 3167 Robbins Road Springfield, IL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Built in 2001, freestanding two‑story office building with 10,900 rentable SF on approx. 1.63 acres; Layout includes 16 private offices, 3 workstations, and 2 conference rooms for professional services or administration; 41 surface parking spaces for employee and client parking
