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Well-Maintained OFF Bldg on Hard Corner Lot 1128-1152 N Rutledge St 4,254 SF Office Building Springfield, IL 62702 $313,920 CAD ($73.79 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • Well-Maintained Office Building
  • Prime Corner Location
  • Growing Medical District Corridor
  • Extensive Interior + Exterior Upgrades
  • Flexible Lot with Expansion Potential
  • Priced Well Below Fair Market Value

EXECUTIVE SUMMARY

Coldwell Banker Commercial Devonshire Realty (CBCDR) is pleased to present this well-maintained office building located on a prominent hard-corner lot in Springfield, IL. The property is currently occupied by Two Men and a Truck, who will be relocating. The building offers 2,340 square feet of above-grade office space, featuring an open sales area with cubicles, a modular office, a well-appointed conference room, two restrooms, and a former bank vault ideal for secure storage. The 1,914-square-foot finished basement includes an open training area, a small break area, a private office, and a mechanical room. Since acquiring the property in 2019, the current owner has made significant improvements inside and out. Exterior upgrades include removal of the former bank drive-thru canopy and lanes, parking lot resurfacing and restriping, installation of new high-efficiency parking lot lights, partial roof replacement, and the addition of a rear chain-link fence. Interior updates include a remodeled conference room, modular office buildout, removal of teller lines, and new paint and flooring throughout the main level. The owner also completed several HVAC repairs during this time. The property benefits from a use variance allowing for a moving and transfer office operation with up to 12 standard box trucks. It is attractively priced given that its fair market value is $425,325.Coldwell Banker Commercial Devonshire Realty (CBCDR) is pleased to present this well-maintained office building located on a prominent hard-corner lot in Springfield, IL.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Building Size
4,254 SF
Building Class
C
Year Built/Renovated
1979/2019
Price
$313,920 CAD
Price Per SF
$73.79 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,254 SF
Building FAR
0.08
Lot Size
1.18 AC
Zoning
B-1 - Highway Business Service District
Parking
19 Spaces (4.47 Spaces per 1,000 SF Leased)

AMENITIES

  • Atrium
  • Controlled Access
  • Fenced Lot
  • Security System
  • Signage
  • Wheelchair Accessible
  • Reception
  • Storage Space
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 14-28.0-227-001
  • 14-28.0-227-002
Land Assessment
$147,615 CAD
Improvements Assessment
$52,480 CAD
Total Assessment
$200,094 CAD
  • Listing ID: 38357079

  • Date on Market: 2025-11-06

  • Last Updated:

  • Address: 1128-1152 N Rutledge St, Springfield, IL 62702

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