2040 Hill Meadows Dr Springfield, IL 62702
- Commercial real estate
- 24,600 SF
- 1.46 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2040 Hill Meadows Dr
- Year built
- 1985
- Lot size
- 1.46 lot acres
- Property size
- 24,600 SF
- Property type
- Commercial real estate
Description
This 24,600 square foot, two-level office building located at 2040 Hill Meadows Drive, Springfield, IL, presents a unique investment opportunity. Situated on a 1.46-acre lot, the property boasts a tranquil setting overlooking Timberbrook Park and its wooded surroundings. The exterior is constructed of split-faced concrete block, providing a durable and low-maintenance facade. Ample parking is available on-site for tenants and visitors. The interior features drop ceilings, though ceiling heights vary throughout the building. Convenient access is provided by a two-stop elevator and two interior staircases. Each floor includes two finished restrooms. The roof is relatively new, having been replaced approximately three years ago. It is important to note that the building is currently not showable due to mold contamination. The property is being sold "as-is, where-is, and with all faults," meaning the buyer assumes all responsibility for any necessary repairs or remediation. No representations or warranties are made regarding the functionality of any building systems. This presents a significant opportunity for a buyer willing to undertake a renovation project in a desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Sangamon
- State
- Illinois
- Longitude
- -89.6886
- Latitude
- 39.8048
