Ape Ridge Holdings
Listed by Ape Ridge Holdings
$325,000
2637 S Lowell Ave Springfield IL
Details
APN 22-09.0-128-020
Property Type Office, Industrial
Sub Type Flex, Warehouse
Square Footage 9,000
Units 1
Cap Rate 9.75%
NOI $31,700
Tenancy Multi
Lease Type Gross
Year Renovated 2016, 2022
Buildings 1
Lot Size (SqFt) 12,600
Zoning I-2 Industrial Zoning
Parking Spaces 20 spaces
Parking Per SqFt 2.22
Investment Type Owner/User
Ground Lease No
Flex Industrial Investment | 9.75%+ Cap | Shop + Office
Marketing description
Rare opportunity to acquire a high-demand flex industrial asset in Springfield. This property includes two units with a combination of shop and office space, ideal for contractors, trades, or light industrial use.
- Annual Gross Income: $42,000
- NOI: $31,700
- Cap Rate: 9.75%
- Multiple overhead doors
- Functional layout with office + warehouse
- Heated shop space
- 2 units for multiple tenant occupancy
- Lease 1 unit and run your business out of the other unit
- Lease both units for steady rental cash flow income
- Excellent for owner-users or investors seeking stable income with long-term upside
- Central location in Springfield, IL great for service businesses
Investment highlights
- Annual Gross Income: $42,000
- NOI: $31,700
- Cap Rate: 9.75%
- Multiple overhead doors
- Functional layout with office + warehouse
- Heated shop space
- 2 units for multiple tenant occupancy
- Lease 1 unit and run your business out of the other unit
- Lease both units for steady rental cash flow income
- Excellent for owner-users or investors seeking stable income with long-term upside
- Central location in Springfield, IL great for service businesses
Listing Contacts
Ape Ridge Holdings
Listed by Ape Ridge Holdings
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$31,700.00
$2,641.67/mo
Valuation Metrics
0
DSCR
9.75%
Cap Rate
9.75%
ROI
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