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Single-Tenant Office

Illinois Department of Children & Family Services

1124 N Walnut St, Springfield, IL 62702

Listing Price: $2,155,270

Cap Rate
8.50%
Gross SF
19,755
Rentable SF
19,755
Price/Gross SF
$109.10
Lot Size
1.29 acres
Year Built
1989

Investment Overview

Marcus & Millichap is pleased to present 1124 N Walnut in Springfield, Illinois. The property is a 19,755 brick, single-story property that is home to the Administration Offices of the Department of Children and Family Services. The property was built in 1989 and has been home to state agencies since its erection. This site is used to intake children in need and has 24 hour on-site security.

The current owners are divesting the property as they move towards retirement. They maintain the property to high standards by having the roof, HVAC, and exterior of the property maintained regularly.

Springfield is the state capital of Illinois and the city's largest employer, making government leases quite attractive to buyers. The state is a stable tenant who rarely moves their offices and pays their rent on time.

Investment Highlights

  • 100 Percent Occupied by the State of Illinois - Department of Children and Family Services
  • Property is in Excellent Condition Due to Ongoing Preventive Maintenance
  • Strong Historical Occupancy | Occupied By Illinois State Agencies Since Construction
  • DCFS Renewed for Another Five Years in 2023 | 3.83 Years Remaining Term
  • Springfield, Illinois State Capital, offers an Optimal Location for State Agencies, Ensuring Strong, Long-Term Tenant Retention
  • Illinois Bonds Have Been Upgraded to A-

Exclusively Listed By

Financing By

Single-Tenant Office

Illinois Department of Children & Family Services

Listing Price: $2,155,270

Cap Rate
8.50%
Gross SF
19,755
Rentable SF
19,755
Price/Gross SF
$109.10
Lot Size
1.29 acres
Year Built
1989

Investment Highlights

  • 100 Percent Occupied by the State of Illinois - Department of Children and Family Services
  • Property is in Excellent Condition Due to Ongoing Preventive Maintenance
  • Strong Historical Occupancy | Occupied By Illinois State Agencies Since Construction
  • DCFS Renewed for Another Five Years in 2023 | 3.83 Years Remaining Term
  • Springfield, Illinois State Capital, offers an Optimal Location for State Agencies, Ensuring Strong, Long-Term Tenant Retention
  • Illinois Bonds Have Been Upgraded to A-

Investment Overview

Marcus & Millichap is pleased to present 1124 N Walnut in Springfield, Illinois. The property is a 19,755 brick, single-story property that is home to the Administration Offices of the Department of Children and Family Services. The property was built in 1989 and has been home to state agencies since its erection. This site is used to intake children in need and has 24 hour on-site security. The current owners are divesting the property as they move towards retirement. They maintain the property to high standards by having the roof, HVAC, and exterior of the property maintained regularly. Springfield is the state capital of Illinois and the city's largest employer, making government leases quite attractive to buyers. The state is a stable tenant who rarely moves their offices and pays their rent on time.

Exclusively Listed By

Financing By

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