Lake Victoria Development Freestanding Office Property For Sale or Lease

LeaseSaleOffice 4,800 SF
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2861 Stanton St
Springfield, IL 62703
Price: $195,000
Lease Price: $7.50 / SF
Lease Type: Modified Gross
Available Space: 4,800 SF
Lot Size (acre): 0.93 AC
Zoning: PUD
Tax PIN: 22-11.0-251-011
RE: $9,162.40
Year Built: 1997

Property Description

Subject Property is a freestanding 4,800 SF building located in the Lake Victoria Development on the southeast side of Springfield. The layout consists of an entryway with controlled access that leads into the front half of the building. The front half includes an open office area, with 3 private offices, a break room, 2 ADA compliant restrooms, 2 holdings cells with a toilet and sink in each, a server room, and a room for storage. There are 2 hallways on either side of the holding cells that lead to the back half of the building. The back half includes covered parking for 7 vehicles – total of 4 overhead, drive-in doors. The Subject sits on 0.93 acres with room for further development or expanded parking to the north and west. It is in good condition and is well-maintained by the owner. It is conveniently located to Interstate 55 and 72. Priced well below fair market value ($312,042).  Please bring offers!

Location Description

Springfield is located in central Illinois and accessed by both Interstate 55 and Interstate 72. It is approximately 202 miles southwest of Chicago via I-55 N, approximately 96 miles northeast of St. Louis, MO via I-55 S, and approximately 213 miles west of Indianapolis, IN via I-72 E. Area demographics are considered middle income and a white and blue collar mix. The population of Springfield is 118,000. Median household income is approximately $47,500 in a 5-mile radius. The trade area is mainly local, but generates some tourism and out of town business people as the subject property is 1.5 miles from 2 interstates and located on the western boundary of the city limits.