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Property profile & analytics
OFF-MARKET
Office Spaces

2040 Hill Meadows Dr Springfield, IL 62702

Built 1985
Property ID
Property summary
AI-generated overview

This Springfield, Illinois commercial property, located at 2040 Hill Meadows Drive, 62702, is a two-level office building constructed in 1985. The building features a split-faced concrete block exterior and offers ample parking for tenants and visitors. The property enjoys a tranquil setting overlooking Timberbrook Park and its wooded surroundings. The interior includes drop ceilings (of varying heights), a two-stop elevator, two interior staircases, and two finished restrooms on each floor. The roof was replaced approximately three years ago. It's important to note that due to mold contamination, the building is not currently showable and is being sold "as-is, where-is, and with all faults." No representations or warranties are made regarding the functionality or viability of any building systems. The asking price for this land and office property is $230,400. This presents a unique opportunity for investors or developers seeking a project with potential. The property's location in Springfield, Sangamon County, offers convenient access to local amenities and transportation routes. Buyers are strongly advised to conduct their own due diligence before making an offer.

Property profile
Verified
Property type Office Spaces
Year built 1985
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
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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