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2200 Churchill Rd 105,324 SF Office Building Springfield, IL 62702 $12,000,000 ($113.93/SF) 8.94% Cap Rate

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EXECUTIVE SUMMARY

• AT&T Fiber Internet
• Three freestanding buildings that are connected
• Two to three stories
• Elevators
• Dock high loading for bulk office supplies
• Lots of natural lighting
• Fresh 5 year lease
• Leased to the State of Illinois (Dept. of Central Management Services)
• Building A: 2000
• Building B: 1977
• Building C: 1978

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Building Size
105,324 SF
Building Class
B
Year Built
1977
Price
$12,000,000
Price Per SF
$113.93
Cap Rate
8.94%
NOI
$1,072,800
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
35,108 SF
Building FAR
0.68
Lot Size
3.54 AC
Zoning
C - Commercial
Parking
450 Spaces (4.29 Spaces per 1,000 SF Leased)

AMENITIES

  • Courtyard
  • Restaurant
  • Recessed Lighting
  • Outdoor Seating
  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Public Administration
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

The Illinois Department of Healthcare and Family Services (HFS) is responsible for providing healthcare coverage for adults and children who qualify for Medicaid, and for providing Child Support Services to help ensure that Illinois children receive financial support from both parents. The agency is organized into two major divisions, Medical Programs and Child Support Services. In addition, the Office of Inspector General is maintained within the agency, but functions as a separate, independent entity reporting directly to the governor's office. HFS was formerly the Illinois Department of Public Aid. The Division of Medical Programs administers and, in conjunction with the federal government, funds medical services provided to percent of the state’s population.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Public Administration - $9.99 Lorem Ipsum Jan 0000

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
14-30.0-276-015
Land Assessment
$210,371
Improvements Assessment
$2,096,806
Total Assessment
$2,307,177
  • Listing ID: 38359394

  • Date on Market: 11/6/2025

  • Last Updated:

  • Address: 2200 Churchill Rd, Springfield, IL 62702

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