Property profile

2912 Stanton St Springfield, IL 62703

OFF-MARKET
Commercial real estate
Property ID
US28-5841606
1.03 ac lot
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1.03 ac (44,867 SF)
APN 22-11.0-376-011
UPID US28-5841606

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Factory Industrial Manufacturer

Location

2912 Stanton St Springfield, IL 62703-4315
Springfield metro Census 2500 SPRINGFIELD, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2025
1 recorded transaction
2025
$150,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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