2713 Stevenson Dr Springfield, IL 62703
This Springfield, IL commercial property at 2713 Stevenson Drive offers a unique investment opportunity. The 62703 zip code location boasts very high visibility and ample parking. The building, categorized as commercial and warehouse space, has recently undergone significant improvements. A new roof and HVAC system were installed in 2020, enhancing energy efficiency and reducing maintenance costs. The exterior has been refreshed, and the parking lot has been resealed and restriped, improving curb appeal and functionality. The interior features a wide-open layout, ideal for various commercial uses, and includes existing restrooms. Currently, the northern half of the building is leased, generating a consistent income stream. The property is priced below its appraised value, presenting a compelling investment opportunity. The vacant portion of the building offers additional leasing potential, with a rate of $7 per square foot for a minimum three-year lease. This property is a blend of immediate income and future growth potential, making it an attractive option for savvy investors. The property is classified as Land, Office, Retail, and Industrial, offering flexibility for various business types.
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
Similar Nearby for Lease
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.