2040 Hill Meadows Dr Springfield, IL 62702
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.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.