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33802090
33802088

103 Centre Drive, Petersburg, IL 62675

BP
IL 475159138
Coldwell Banker Commercial Devonshire Realty
Listed by Coldwell Banker Commercial Devonshire Realty
$1,095,000
10 days on market
Updated 8 days ago

Single-Tenant USDA Investment Property For Sale

Details
APN 12-18-103-012
Property Type Office
Sub Type Traditional Office, Executive Office (+1)
Square Footage 3,325
Net Rentable (SqFt) 3,325
Units 1
Cap Rate 8.65%
NOI $94,755
Occupancy 100%
Tenancy Single
Lease Type Modified
Lease Term 15
Lease Expiration 02/29/2032
Remaining Term 5.7
Rent Bumps Yes
Pro-Forma Cap Rate 8.65%
Pro-Forma NOI $94,755
Price per SqFt $329
Broker Co-Op True
Class A
Year Built 2016
Buildings 1
Stories 1
Acreage 1.310
Zoning R-1, Low Density Residential
Parking Spaces 23 spaces
Parking Per SqFt 6.92
Investment Type Stabilized
Tenant Credit Credit Rated
Lease Commencement 03/01/2017
Occupancy Date 03/01/2017

8.65% Cap Rate - 3,325 SF - GSA Tenant - Early Lease Extension - Rental Rate Increase

Marketing description

  • Investment Grade Government Tenant
  • Early 5-Year Lease Extension
  • Build-to-Suit Government Facility (2016)
  • Rental Rate Increase in New Term
  • No Landlord Improvements Required for Extension
  • County Seat Location (Springfield, IL MSA)

Investment highlights

Coldwell Banker Commercial Devonshire Realty (CBCDR) is pleased to present a single-tenant investment property leased to the United States Department of Agriculture (USDA) in Petersburg, IL.

Constructed as a build-to-suit facility for the USDA in 2016, the property has been continuously occupied by the agency since completion. The USDA has executed an early five-year lease extension in March 2026, commencing March 1, 2027. The extension includes a rental rate increase, partial reimbursement of landlord expenses, and requires no landlord-funded improvements or modifications.

The building features an efficient layout, including a vestibule, open office area with workstations, three private offices, a conference room, break room, dedicated server/IT room, and two ADA-compliant restrooms.

Location Description

Petersburg, the county seat of Menard County, located approximately 23 miles northwest of Springfield. The community serves as the gateway to Lincoln's New Salem State Historic Site, one of the state’s most recognizable heritage tourism destinations, generating year-round visitor traffic and supporting local retail, hospitality, and service businesses. It is accessible via Illinois Routes 97 and 123 with convenient connections to Interstate 55 and Interstate 72. The community benefits from a diverse economic base supported by tourism, agriculture, government services, and regional commuter employment. The combination of historic character, stable economic fundamentals, and proximity to Central Illinois population centers creates an attractive environment for commercial investment and business growth.

Listing Contacts

BP
IL 475159138
Coldwell Banker Commercial Devonshire Realty
Listed by Coldwell Banker Commercial Devonshire Realty

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$94,755.00
$7,896.25/mo

Valuation Metrics

0
DSCR
8.65%
Cap Rate
8.65%
ROI

Map

Zoning

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B-1 CommercialGeneral CommercialBusiness And Commercial
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Last updated Mar 6, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Blake Pryor
License
475159138
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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