2904 Greenbriar DrSpringfield, IL 62704

Property Details for 2904 Greenbriar Dr

Lot size

0.62 AC

Property type

Commercial real estate

APN

21-01.0-431-004

APU

21010431004

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $8,291,234

  Hospitality

  $7,594,726

  Educational

  $6,318,722

  Medical

  $6,536,033

  Retail

  $9,829,124

Location Insight

City

Springfield

County

Sangamon

State

Illinois

Latitude

39.776

Longitude

-89.7093

CBSA code

44100

CBSA name

SPRINGFIELD, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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