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Property profile & analytics
OFF-MARKET
Office Spaces

2060 Timberbrooke Dr Springfield, IL 62702

4,256 SF Built 1992
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Office Spaces
Year built 1992
Total area 4,256 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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