2060 Timberbrooke Dr Springfield, IL 62702
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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