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Normandy Hill Plaza 3111 Normandy Dr 15,100 SF 100% Leased Office Building Springfield, IL 62703 $460,000 ($30.46/SF)
Investment Highlights
- Over 15,000 square feet situated on more than 2 acres supports operational flexibility and growth.
- Recently updated with newer roof, modern flooring, and upgraded mechanical systems for reliability.
- Well-maintained structure offers reduced near-term capital investment needs and long-term value.
- Multi-unit property designed for office and retail use expands tenant mix opportunities.
Executive Summary
This exceptional multi-unit commercial property presents an outstanding opportunity for investors or owner-occupants seeking a mix of office and retail income streams. Offering over 15,000 square feet on more than 2 acres, the building’s flexible configuration accommodates a variety of tenants and business types. The property has been meticulously maintained, featuring recent upgrades such as newer flooring, updated mechanical systems, and a newer roof, reducing long-term capital expenditures and ensuring operational efficiency.
The site provides over 50 parking spaces, allowing easy access for tenants and visitors. Its layout is designed for adaptability, supporting businesses from professional offices to customer-facing retail. Positioned on a substantial lot, the property combines visibility, accessibility, and a strong foundation for future appreciation. This is a compelling acquisition for those seeking an income-generating asset with upside potential and long-term stability.
The site provides over 50 parking spaces, allowing easy access for tenants and visitors. Its layout is designed for adaptability, supporting businesses from professional offices to customer-facing retail. Positioned on a substantial lot, the property combines visibility, accessibility, and a strong foundation for future appreciation. This is a compelling acquisition for those seeking an income-generating asset with upside potential and long-term stability.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
15,100 SF
Building Class
B
Year Built/Renovated
1978/2016
Price
$460,000
Price Per SF
$30.46
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,550 SF
Building FAR
0.16
Lot Size
2.12 AC
Zoning
B-1
Parking
50 Spaces (3.31 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Central Heating
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 22-11.0-329-017 | Improvements Assessment | $93,209 |
| Land Assessment | $52,402 | Total Assessment | $145,611 |
Property Taxes
Parcel Number
22-11.0-329-017
Land Assessment
$52,402
Improvements Assessment
$93,209
Total Assessment
$145,611
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Normandy Hill Plaza | 3111 Normandy Dr
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