Technical
Financial
Distress signals
Property profile

2060 Timberbrooke Dr Springfield, IL 62702

OFF-MARKET
Office Spaces
4,256 SF Built 1992
Saved · see the list in your Dashboard

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

Location

2060 Timberbrooke Dr Springfield, IL 62702
Springfield metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2060 Timberbrooke Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message