Property summary
This exceptional 4,800 square foot free-standing office building presents a compelling investment opportunity in Springfield, Illinois. Located on a spacious 1.03-acre lot on the southeast side of the city, this single-story Class B property offers convenient access to Interstate 55. Currently vacant, the building boasts a flexible layout ideal for a variety of businesses. The interior features several private offices, ample open space suitable for cubicles, a small break area, and both large and small conference rooms. Additional storage space is conveniently located in the rear of the building, accessible via double doors. The substantial lot size allows for potential expansion, catering to future growth needs. The property is zoned PUD, offering flexibility for potential future uses. Priced at $260,000, or $54.17 per square foot, this represents a strong value proposition in a desirable Springfield location. The building is owned by an LLC and is ready for immediate occupancy. This is a rare opportunity to acquire a well-maintained, versatile office building in a prime location. Don't miss out on this chance to secure a valuable asset in the thriving Springfield market.
Property profile
VerifiedCap rate & NOI
Current use
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Factory Industrial Manufacturer
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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