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    2060 Timberbrooke Dr Springfield, IL 62702

    Sponsored
    For Sale
    $259,000

    4,256 sq ft office building, great investment!

    Property size:
    4,256 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This 4,256 square foot commercial property, located at 2060 Timberbrooke Drive in Springfield, Illinois, presents a compelling investment opportunity. Built in 1992, this ranch-style building features a walkout lower level and is situated in a central west location within a business court alongside other professional offices, including medical, legal, insurance, and non-profit entities. The main level, currently utilized as a photography studio, boasts six individual offices, a spacious open area, a kitchenette, and a bathroom. It generates $1,500 in monthly rental income from the owner-occupancy. The lower level comprises three office spaces ranging from 400 to 600 square feet, sharing a bathroom. Two of these spaces are currently leased month-to-month, generating an additional $1,500 in monthly income, while one space is vacant but has a proven rental history. The building is constructed with 2x6 framing, features a well-maintained roof and sprinkler system, and boasts good mechanicals. The main level is handicap accessible. This versatile property offers numerous potential uses and is ideal for owner-occupancy or as a strong investment property. The asking price is $259,000. The property's zip code is 62702.

    Property Features for 2060 Timberbrooke Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    4,256 SF

    Building Details

    Year Built
    1992

    HighLights

    • 4,256 SF commercial building in Springfield, IL (62702).
    • Ranch‑style building with walkout lower level, built in 1992.
    • Located in a central west business court with other professional offices.
    • Main level (photography studio) features six offices, open area, kitchenette, and bath; generates $1,500/month in owner‑occupancy income.
    • Lower level has three office spaces (400‑600 SF each) sharing a bath; two leased month‑to‑month at $1,500/month total; one vacant but with rental history.
    • Features 2x6 framing, well‑maintained roof and sprinkler system, good mechanicals, and main level handicap accessibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.6888374
    Latitude
    39.8026793

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    FAQs

    What type of property is this?
    Office Property / Space - 4,256 sq ft office building, great investment!
    Where is this office property / space located?
    The property is located at 2060 Timberbrooke Dr Springfield, IL.
    What is the asking price?
    The asking price for this property is $259,000.
    What are key features of this property?
    This property features: 4,256 SF commercial building in Springfield, IL (62702).; Ranch-style building with walkout lower level, built in 1992.; Located in a central west business court with other professional offices.
    Request Owner's contact information
    2060 Timberbrooke Dr Springfield, IL 62702
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    Springfield, IL 62702
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2060 Timberbrooke Dr Springfield, IL 62702
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