2904 Greenbriar DrSpringfield, IL 62704

For Sale
$2,200,000

Class A Office Buildings, 100% Occupied, High Cap Rate.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents two Class A office buildings totaling 13,152 square feet, situated on a 1.24-acre lot in Springfield, Illinois. The property, located at 2904-2908 Greenbriar Dr, 62704, boasts a desirable west side location and offers picturesque pond views. Currently housing six tenants across both buildings, the complex enjoys 100% occupancy, generating a strong 9.75% capitalization rate. The asking price is $2,200,000, translating to a price per square foot of $167.27. The property is zoned PUD (Planned Unit Development) and offers a mix of executive and medical office spaces, making it suitable for a variety of uses. Detailed financial information, including a comprehensive breakdown of income and expenses, is available upon request and the execution of a non-disclosure agreement. This is a rare opportunity to acquire a high-performing, multi-tenant office complex in a prime location with excellent growth potential. Don't miss out on this exceptional investment opportunity.

Highlights

  • Two Class A office buildings totaling 13,152 square feet on a 1.24-acre lot.
  • Located at 2904-2908 Greenbriar Dr, Springfield, IL 62704, in a desirable west side location with pond views.
  • 100% occupancy with six tenants, generating a 9.75% capitalization rate.
  • Asking price: $2,200,000 ($167.27/SF).
  • Zoned PUD, offering a mix of executive and medical office spaces.

Property Details for 2904 Greenbriar Dr

Property type
Other office properties, Medical offices
Square Feet
13,152 SF
Class
A
Buildings
2
Lot Size (sq. ft)
54,014 SF

Location Insight

City
Springfield
County
Sangamon
State
Illinois
Latitude
39.7761199
Longitude
-89.7092679
2904 Greenbriar Dr, Springfield, Illinois

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2904 Greenbriar Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message