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28219493
28219492

2200 Churchill Rd, Springfield, IL 62702

MC
AZ SA659518000
LevRose Commercial Real Estate
LM
AZ AZ SA690813000
LevRose Commercial Real Estate
Bradford Allen Realty Services Chicago
Listed by LevRose Commercial Real Estate, Bradford Allen Realty Services Chicago
$12,000,000
204 days on market
Updated 8 days ago

Single-Tenant State Government Service Agency Investment

Details
APN 14300276015, 14300426038, 14300255008
Property Type Office
Sub Type Traditional Office
Square Footage 105,324
Net Rentable (SqFt) 105,324
Cap Rate 8.94%
NOI $1,073,349
Occupancy 100%
Tenancy Single
Lease Type Gross
Lease Term 5
Lease Expiration 08/31/2030
Remaining Term 5
Rent Bumps Yes
Lease Options on 5 year option
Pro-Forma Cap Rate 9.01%
Pro-Forma NOI $1,081,373
Price per SqFt $114
Broker Co-Op Yes
Class B
Year Built 1977, 1978, & 2000
Year Renovated 2025
Buildings 3
Stories 3
Acreage 3.540
Zoning R-5 (B) General Residence and Office District
Parking Spaces 4.29 per 1,000 sq ft
Investment Type Stabilized
Tenant Credit Credit Rated
Lease Commencement 09/01/2025
Ground Lease No
Ownership Fee Simple

| Single Tenant | 8.94% CAP | 105,324 SqFt |

Marketing description

Offered by Bradford Allen (Broker of Record in Illinois) in cooperation with LevRose Commercial Real Estate* is pleased to

present the exclusive opportunity to acquire a 100% leased, single-tenant ±105,324 SF office building in Springfield, Illinois.

Located at 2200 Churchill Road, Springfield, IL 62702, the property is leased to the Department of Central Management

Services (CMS), a long-term state agency tenant that has occupied the premises since 2014. The asset is offered

at $12,000,000, representing an 8.94% capitalization rate, with a new 5-year lease in place.

The property features block construction, ±450 parking spaces, and pedestrian walkways connecting all three buildings,

making it an ideal facility for large-scale government or corporate users. Recent façade repairs and fresh exterior

paint further enhance the building’s appeal.

Conveniently located just 7 minutes from Downtown Springfield and 13 minutes from Interstates 72 and 55, the asset benefits

from excellent accessibility and proximity to major state operations. The lease includes annual rent escalations of 1.5%,

generating $1,648,320.60 of net rent in Year 1, offering investors a high-yield and stable return backed by a strong credit

tenant.

*Referring broker - licensed in Arizona

Investment highlights

  1. Sale Price: $12,000,000

  2. Cap Rate: 8.94%

  3. Leased to Department of Central Management Services

  4. Recent Five (5) year Lease Extension to show tenant’s commitment to site

  5. Tenant has been on site since 2014

  6. ±450 parking spaces

Listing Contacts

MC
AZ SA659518000
LevRose Commercial Real Estate
LM
AZ AZ SA690813000
LevRose Commercial Real Estate
Bradford Allen Realty Services Chicago
Listed by LevRose Commercial Real Estate, Bradford Allen Realty Services Chicago

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,073,349.00
$89,445.75/mo

Valuation Metrics

0
DSCR
8.94%
Cap Rate
8.94%
ROI

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