2200 Churchill Road, Springfield, IL for sale

Investment Overview

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 $10,500,000, representing an 10.22% 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