Property Listing No Longer Available for Sale

725 S. 2nd St., Springfield, IL

Office for Sale - $1,100,000 - 15,300 Sq. Ft. on 0.61 acres


Property Info

CIMLS#1022757
Location
  725 S. 2nd St.
  Springfield IL 62704
UpdatedAugust 17th, 2018
TypeOffice
Price$1,100,000
Building15,300 Sq. Ft.
Land0.61 acres

Property Description

Subject property is a two-story professional office building with a renewed lease in place that has 4 years remaining in the current term. Annual gross rent beginning 10/1/18 will be $210,000. Current tenant has occupied building since 2003. Recent repairs/upgrades include all windows on the second floor, stairwells, all restrooms but one and patching/painting of second floor offices.


Financials