Marcus & Millichap, a leading commercial real estate firm, recently facilitated the sale of an office property in Springfield, Illinois. The 14,350-square-foot building was sold for $1.1 million and is currently occupied by Illinois Health & Human Services.
Tammy A. Saia and Tami Andrew from Marcus & Millichap’s Chicago Oak Brook office served as investment specialists for this transaction on behalf of the seller – a private investor.
Located at 1001 N. Walnut Street, the property is a single-tenant building leased to the state of Illinois. The buyers were a group from Texas.
This recent sale highlights strong demand for government-leased properties in prime locations such as Springfield and showcases Marcus & Millichap’s expertise in facilitating successful transactions within this market segment.
