1124 Walnut StSpringfield, IL 62702
High-Occupancy Office Building in Springfield, IL
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 93
Highlights
- $2,155,270 asking price for a 19,755 SF office building.
- 100% occupancy with a strong 8.50% cap rate and $183,198 NOI.
- Fully occupied by the Illinois Department of Children and Family Services (DCFS) under a lease with 3.83 years remaining.
- Excellent condition due to ongoing preventative maintenance.
- Located in Springfield, IL, the state capital, offering strong long-term tenant retention.
Property Details for 1124 Walnut St
- Property type
- Other office properties, Office properties
- Square Feet
- 19,755 SF
- Year Built
- 1989
- Buildings
- 1
- Lot Size (sq. ft)
- 56,192 SF
- Units
- 1
Location Insight
- City
- Springfield
- County
- Sangamon
- State
- Illinois
- Latitude
- 39.815049
- Longitude
- -89.6633322
Nearby Similar for Sale
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