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Property profile & analytics
OFF-MARKET
Office Spaces

2040 Hill Meadows Dr Springfield, IL 62702

24,600 SF 1.46 ac lot Built 1985
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a 24,600 square foot executive office building situated on a 1.46-acre lot at 2040 Hill Meadows Dr, Springfield, IL 62702. Built in 1985, this two-story building boasts a desirable location overlooking Timberbrook Park, offering a tranquil setting. The exterior features split-faced concrete block construction, complemented by ample on-site parking. The interior includes drop ceilings (varying heights), a two-stop elevator, two interior staircases, and two fully finished restrooms on each floor. The roof was recently replaced approximately three years ago. It's important to note that the building is currently not showable due to mold contamination and is being sold "as-is, where-is, and with all faults." No representations or warranties are made regarding the functionality of any building systems. This presents a unique opportunity for an investor seeking a renovation project with significant potential in a peaceful, park-like setting. The asking price for this property is $230,400. The property is currently vacant.

Property profile
Verified
Property type Office Spaces
Year built 1985
Total area 24,600 SF
Lot 1.46 ac (63,598 SF)
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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