100 Martin Luther King Jr Drive

100 Martin Luther King Jr Drive, Springfield, IL 62703

$4.25 - $5.25 /SF/Year

22,800 SF | Office

Office Property For Lease

Total Space Available:
22,800 SF
Rental Rate:
$4.25 - $5.25 /SF/Year
Property Type:
Office
Property Sub-type:
Office Building
Building Size:
22,800 SF
Lot Size:
75,600 SF
Listing ID
19866023
Last Updated
8 days ago

Find Out More...

1 Space Available

Space 1

  • 22,800 SF
  • $4.25 - $5.25 /SF/Year
  • Office Building
  • NNN
  • Aug 2016
  • Lease Price for Entire Building: $4.25/sf (3n). Lease Price for Portion of Building: $5.25/sf (3n). High Visibility Location with Excellent access to Interstates 55 & 72 via Clear Lake Ave. Daily Traffic Count: 8,500, per IDOT.
$4.25 - $5.25 /SF/Year$4.25 - $5.25 /SF/Year$0.35 - $0.44 /SF/Month$96,900 - $119,700 /Year$8,075 - $9,975 /Month

Highlights

  • High Visibility Location with Excellent access to Interstates 55 & 72 via Clear Lake Ave
  • Corner Lot on Washington Street & Martin Luther King Jr Drive
  • Lease Price for Entire Building: $4.25/sf (3n); Lease Price for Portion of Building: $5.25/sf (3n)
  • Owner is a building contractor with a willingness to do renovations at below market cost
  • Owner willing to cap Pass Thru Expense cost (RE Taxes, Insurance, and Maintenance) at $3.00/sf for first 5 years of lease
  • Abundant Parking

Description

Lease Price for Entire Building: $4.25/sf (3n)
Lease Price for Portion of Building: $5.25/sf (3n)
High Visibility Location with Excellent access to Interstates 55 & 72 via Clear Lake Ave
Corner Lot on Washington Street & Martin Luther King Jr Drive
Owner is a building contractor with a willingness to do renovations at below market cost
Owner willing to cap Pass Thru Expense cost (RE Taxes, Insurance, and Maintenance) at $3.00/sf for first 5 years of lease
New Roof in 2014 by Meyer Roofing - Under Warranty
Currently occupied by Department of Human Services (Due to vacate in August or September 2016)
Daily Traffic Count: 8,500, per IDOT
Abundant Parking
Owner may consider a sale
Building: ±22,800 sf (per appraisal)
Land: ±1.74 ac/±75,600 sf
Zoning: City of Springfield I-1 Light Industrial
2015 RE Taxes: $15,423.98

1800 E Washington St, Springfield, IL with Excellent access to Interstates 55 & 72 via Clear Lake Ave

Commercial property information by LoopNet

Map of 100 Martin Luther King Jr Drive, Springfield, IL 62703 (Sangamon County)

Contact Listing Broker to find out more details.

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NAI True

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Contact Listing Broker
Sam Nichols (217) 494-0800

Sam's Other Listings

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