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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

4285 Walnut St Springfield, IL 62707

Built 1998
Property ID
Property summary
AI-generated overview

This exceptional commercial property, located at 4285 N WALNUT Street in Springfield, Illinois, 62707, presents a unique investment opportunity. Situated on a spacious 2.03-acre lot, this 1998-built building offers a tranquil setting with stunning woodland views visible from every window. The property boasts a beautiful lobby featuring a floor-to-ceiling gas fireplace, creating an inviting atmosphere. The interior comprises five offices, a full ADA-compliant bathroom, a half ADA-compliant bathroom, and an additional bathroom area currently used for storage. The property utilizes a well water system and septic. Recent upgrades include a new roof and bathroom skylight completed in 2019, new carpet installed in three of the five offices in 2020, and a new well pump installed in 2024. Conveniently located just north of the Springfield airport and minutes from the city center, this property offers both privacy and easy access to major transportation routes. The property's versatile design allows for easy conversion back to residential use, making it an ideal choice for a variety of business or personal needs. Its attractive curb appeal and quiet neighborhood add to its overall desirability. The asking price for this remarkable property is $159,900.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1998
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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