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Property profile & analytics
OFF-MARKET
Warehouses

2713 Stevenson Dr Springfield, IL 62703

Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
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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