Current Use by Public Records
- Warehouses
Property Details for 2713 Stevenson Dr
- Property type
- Warehouses
- Property subtype
- Retail properties & Spaces
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Sangamon
- State
- Illinois
- Longitude
- -89.6147
- Latitude
- 39.7587
