103 Centre Drive

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103 Centre Drive

petersburg, IL 62675
Asking Price
$1.09M
Asset Type
Office
Class
Class B

What's Special

Located at 103 Centre Drive in Petersburg, Illinois, this professional office building is situated within a commercial corridor near the intersection of Illinois Route 97 and Route 123. The surrounding neighborhood features a mix of local retail, municipal services, and residential areas. The property is positioned approximately 20 miles northwest of Springfield, offering regional connectivity via major local thoroughfares. Nearby amenities include grocery stores, local dining options, and public schools, providing convenient access for staff and visitors within the Menard County area. The property’s configuration is well-suited for professional services, administrative headquarters, or medical office use. Typical tenants for this location include legal firms, insurance agencies, financial advisors, or regional government departments seeking a satellite office. The floor plan provides flexible options for dedicated private offices, reception areas, and collaborative workspaces. Given its proximity to the county seat, the asset is ideal for businesses requiring a stable presence near local government offices and the established residential community of Petersburg.

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NOI
$80,000
Cap Rate
7.31%
DSCR
1.23
Tight
Cash-on-Cash
4.56%
Monthly Payment
$5,417.463
Annual Cash Flow
$14,990.449

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