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Property profile & analytics

1124 Walnut St Springfield, IL 62702-7301

  • Commercial real estate
  • 1.29 lot acres
OFF-MARKET
Last Sale
Sep 29, 2025
$2,033,000
Value Estimations
$2,035,000
Cap Rate Potential
Location Intelligence
Property ID
US28-3091074
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • DCFS / State Government Office

Property Details for 1124 Walnut St

Lot size
1.29 lot acres
Property type
Commercial real estate
APN
14-28.0-201-073
APU
14280201073

Description

This exceptional investment opportunity presents a 19,755-square-foot, single-story office building located at 1124 N Walnut St, Springfield, IL 62702. The property, built in 1989, boasts a 100% occupancy rate with a strong, long-term tenant: the Illinois Department of Children and Family Services (DCFS). DCFS recently renewed their lease in 2023, securing a remaining lease term of 3.83 years. The building is all brick and benefits from consistent preventive maintenance, ensuring the roof, HVAC, and exterior are in excellent condition. Situated on a 1.29-acre lot, this property offers a compelling 8.50% cap rate and a net operating income (NOI) of $183,198, with an asking price of $2,155,270 ($109.10/sq ft). The strategic location in Springfield, the Illinois state capital, provides exceptional stability and long-term tenant retention potential. The state's financial strength, evidenced by upgraded Illinois bonds to A-, further enhances the investment's security. This property is an ideal investment for those seeking a stable, high-return asset with a reliable, long-term tenant in a prime location. The building's use as a 24-hour intake facility for children in need underscores its importance and the commitment of the state to its continued operation. The current owners are divesting due to retirement, presenting a unique opportunity for a discerning investor.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Springfield
County
Sangamon
State
Illinois
Longitude
-89.6631
Latitude
39.8152
CBSA code
44100
CBSA name
SPRINGFIELD, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$35,131
$76,017
$321,339
$397,356
-
$228,051
$964,017
$1,192,068
More about this property
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