Technical
Financial
Distress signals
Property profile

2040 Hill Meadows Dr Springfield, IL 62702

OFF-MARKET
Office Spaces
Built 1985
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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

Location

2040 Hill Meadows Dr Springfield, IL 62702
Springfield metro
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Value estimations

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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
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