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Property profile

2040 Timberbrooke Dr Springfield, IL 62702

OFF-MARKET
Office Spaces
5,960 SF
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Property summary

AI-generated overview

This exceptional commercial property at 2040 Timberbrooke Drive, Springfield, IL 62702, presents a compelling investment opportunity. The all-brick building boasts approximately 5,960 square feet of space, thoughtfully divided across two floors. The layout includes several versatile rooms, a welcoming reception area, and expansive meeting spaces, ideal for a variety of professional uses. Ample off-street parking is available for staff and clients, adding significant convenience. The building is conveniently located in an established area of professional offices, ensuring high visibility and easy access to downtown Springfield. Accessibility features include wheelchair access, catering to a diverse clientele. The asking price of $279,900 translates to an attractive price per square foot of under $50.00, representing significant value in the current market. With its prime location, functional design, and considerable potential, this property is poised for immediate occupancy or further development. The property is classified as Land and Office, and consists of one building. This is a rare opportunity to acquire a well-situated, versatile commercial building in a thriving Illinois market. Don't miss this chance to secure a valuable asset with strong potential for growth and return on investment.

Property profile

Verified
Property type Office Spaces
Total area 5,960 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2040 Timberbrooke Dr Springfield, IL 62702
Springfield metro
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Value estimations

Realmo proprietary · 4 methods
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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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