For Sale
$4,500,000
1999 Wabash Ave Springfield, IL 62704
High-Cap Rate Office Investment
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 132
Highlights
- Exceptional Springfield, IL investment opportunity: 51,356 SF Class B office building on 1.82 acres.
- Two-story building with a mix of executive and traditional office spaces, offering flexibility for various tenant needs.
- High visibility location with ample parking (225 spaces) and daily traffic exposure exceeding 25,000 vehicles.
- Bright, naturally lit spaces, including collaborative areas and modern amenities like fiber connectivity and high-speed internet.
- S-2 zoning allows for office, retail, and service uses; 9.50% cap rate; asking price $4,500,000 ($87.62/SF).
Property Details for 1999 Wabash Ave
- Property type
- Office properties
- Square Feet
- 51,356 SF
- Class
- B
- Year Built
- 1979
- Buildings
- 1
- Stories
- 2
- Lot Size (sq. ft)
- 79,279 SF
Location Insight
- City
- Springfield
- County
- Sangamon
- State
- Illinois
- Latitude
- 39.765320475296
- Longitude
- -89.689577185287
Nearby Similar for Sale
FAQs
- What type of property is this?
- Office property - High-Cap Rate Office Investment
- Where is the office property located?
- The property is located at 1999 Wabash Ave Springfield, IL.
- What is the asking price?
- The asking price for this property is $4,500,000.
- What are key features of this property?
- This property features: Exceptional Springfield, IL investment opportunity: 51,356 SF Class B office building on 1.82 acres.; Two-story building with a mix of executive and traditional office spaces, offering flexibility for various tenant needs.; High visibility location with ample parking (225 spaces) and daily traffic exposure exceeding 25,000 vehicles.
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