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Executive Summary

Prime opportunity in the heart of downtown Springfield! This impressive two-story office building, encompassing over +/-14,000 sq ft, boasts a prominent corner lot that offers strong visibility and accessibility. The first floor is currently designed as a multi-tenant space, perfect for businesses needing small office units, while the second floor is shaped as a single-tenant area with perimeter offices and lots of open workspace. The building also contains an elevator to each floor including an unfinished basement that is currently used for storage. Bldg is partially sprinklered. This property could serve as an investment opportunity, a headquarters for your own business operations, or both! Enjoy being in the middle of Downtown Springfield with convenient access to local restaurants, shops, and public transportation. Also don't forget to take into account the close proximity to the Old State Capitol and other historical buildings. Do not miss the chance to capitalize on this exceptional opportunity!

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
32,000 SF
Building Class
B
Year Built/Renovated
1920/1998
Price
$525,000
Price Per SF
$16.41
Percent Leased
54%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
15,188 SF
Building FAR
4.32
Lot Size
0.17 AC
Zoning
S-3 - retail stores, office buildings, amusement and service activities

Amenities

  • Central Heating
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 1st Floor
  • 14,688 SF
  • Office
  • Partial Build-Out
  • Now

This two-story office building in Downtown Springfield is available for full-building lease, offering over 14,000 square feet of adaptable space. The first floor is designed for multi-tenant functionality, while the second floor features a single-tenant layout with perimeter offices and open work areas, providing flexibility for a range of business needs. An elevator connects both floors, and an unfinished basement offers additional storage capacity. 10 private offices on the second floor and 8 on the first floor. Located on a prominent corner lot, the property ensures excellent visibility and accessibility. Tenants will benefit from proximity to restaurants, shops, public transportation, and nearby parking, as well as the cultural and historical attractions of the Old State Capitol area. This is an outstanding opportunity for businesses seeking a full-building presence in Springfield’s downtown core.

Space Size Space Use Build-Out Available
1st Floor 14,688 SF Office Partial Build-Out Now

1st Floor

Size
14,688 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
Now

1st Floor

Size 14,688 SF
Space Use Office
Build-Out Partial Build-Out
Available Now

This two-story office building in Downtown Springfield is available for full-building lease, offering over 14,000 square feet of adaptable space. The first floor is designed for multi-tenant functionality, while the second floor features a single-tenant layout with perimeter offices and open work areas, providing flexibility for a range of business needs. An elevator connects both floors, and an unfinished basement offers additional storage capacity. 10 private offices on the second floor and 8 on the first floor. Located on a prominent corner lot, the property ensures excellent visibility and accessibility. Tenants will benefit from proximity to restaurants, shops, public transportation, and nearby parking, as well as the cultural and historical attractions of the Old State Capitol area. This is an outstanding opportunity for businesses seeking a full-building presence in Springfield’s downtown core.

Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
14-34.0-130-048
Land Assessment
$55,743
Improvements Assessment
$124,080
Total Assessment
$179,823
  • Listing ID: 37506339

  • Date on Market: 9/2/2025

  • Last Updated:

  • Address: 15 SW Old State Capitol Plz, Springfield, IL 62701

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