For Sale
$1,600,000

2623 Sunrise Dr Springfield, IL 62703

Fully Leased Class A Office, High NOI

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional Class A office building, located at 2623 Sunrise Dr in Springfield, Illinois, presents a compelling investment opportunity. Built in 2007, the single-story structure boasts 8,250 square feet situated on a generous 50,530 square foot lot, zoned B. Currently operating at 100% occupancy with a multi-tenant lease structure, the property generates a substantial net operating income (NOI) of $133,113, representing an attractive 8.32% capitalization rate. The asking price is $1,600,000, translating to $193.94 per square foot. The gross lease structure simplifies management. The building benefits from a convenient location just off Dirksen Parkway, providing easy access to Interstate highways. Its proximity to numerous restaurants, hotels, the Secretary of State's office, and the Illinois Department of Transportation (IDOT) enhances its appeal. Ample parking is available with over ten concrete parking spaces. This property offers a strong, stable income stream with significant upside potential for a discerning investor. The APN is 22-12.0-101-027.

Property Details for 2623 Sunrise Dr

Property type
Office properties
Square Feet
8,250 SF
Class
A
Year Built
2007
Buildings
1
Stories
1

Location Insight

City
Springfield
County
Sangamon
State
Illinois
Latitude
39.7673724
Longitude
-89.6092909

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FAQs

What type of property is this?
Office property - Fully Leased Class A Office, High NOI
Where is the office property located?
The property is located at 2623 Sunrise Dr Springfield, IL.
What is the asking price?
The asking price for this property is $1,600,000.
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 access a private listing?
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Contacts

Chris Martin
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Useful Information

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Sunrise Dr
Springfield, IL 62703

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Sunrise Dr
Springfield, IL 62703

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

2623 Sunrise Dr
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