Log In/Sign Up
Your email has been sent.
311-319 S 5th St - Auction - Feb 16-18 | Office Portfolio 10,000 SF Specialty Building Offered at $500,000 in Springfield, IL 62701
INVESTMENT HIGHLIGHTS
- Central, irreplaceable location: All (3) Office Buildings sit in Springfield’s historic core, within walking distance of the State Capitol and civic l
- Contiguous urban scale: The (3) properties and parking lots combine to form a campus-like footprint, giving a single investor control over a downtown
- Government-anchored demand: State agencies and related firms dominate employment in Springfield, supplying steady, creditworthy tenancy for office spa
- Proximity to culture & events hub: The nearby Bank of Springfield Center convention/event arena draws traffic downtown.
EXECUTIVE SUMMARY
Register to bid and access due diligence documents on RealINSIGHT Marketplace: https://rimarketplace.com/auction/2900
Starting Bid: $500,000
Auction Event: February 16-18, 2026
Marcus & Millichap is pleased to present The Springfield Capitol District Office Portfolio. The Springfield Capitol District Office Portfolio comprises three office buildings and multiple contiguous lots creating a substantial critical mass in the heart of Illinois’ state capital. The properties form a cohesive urban campus within blocks of the Illinois State Capitol and the broader Capitol Complex, placing tenants at the center of state government and major employers.
Positioned within the Springfield Historic District and immediately proximate to the Old State Capitol, Abraham Lincoln Presidential Library & Museum, and the Bank of Springfield Center convention arena, the portfolio benefits from a steady stream of government employees, visitors, and convention traffic that support downtown restaurants, services, and hospitality.
424 South 5th Street “The Bell Building”, is a four (4) story building totaling 20,448 SF ( 89.76% occupied by the Illinois Department of Central Management. 500 E Monroe Street “The Bucari Building”, is a six (6) story building totaling 88,511 SF and 0% occupied and 509 S 6th “The Ridgley Building” is a twelve (12) story building totaling 57,185 SF and 0% occupied. Both buildings have previously housed key State of Illinois agencies highlighting the portfolio’s potential appeal to long-term, investment grade public-sector tenancy.
Offered as a single portfolio, the Springfield Capitol District Office Portfolio provides investors with a rare opportunity to control a full block-plus footprint in the city’s most irreplaceable location, with multiple clear business plans ranging from continued government-oriented office leasing to staged adaptive reuse.
Starting Bid: $500,000
Auction Event: February 16-18, 2026
Marcus & Millichap is pleased to present The Springfield Capitol District Office Portfolio. The Springfield Capitol District Office Portfolio comprises three office buildings and multiple contiguous lots creating a substantial critical mass in the heart of Illinois’ state capital. The properties form a cohesive urban campus within blocks of the Illinois State Capitol and the broader Capitol Complex, placing tenants at the center of state government and major employers.
Positioned within the Springfield Historic District and immediately proximate to the Old State Capitol, Abraham Lincoln Presidential Library & Museum, and the Bank of Springfield Center convention arena, the portfolio benefits from a steady stream of government employees, visitors, and convention traffic that support downtown restaurants, services, and hospitality.
424 South 5th Street “The Bell Building”, is a four (4) story building totaling 20,448 SF ( 89.76% occupied by the Illinois Department of Central Management. 500 E Monroe Street “The Bucari Building”, is a six (6) story building totaling 88,511 SF and 0% occupied and 509 S 6th “The Ridgley Building” is a twelve (12) story building totaling 57,185 SF and 0% occupied. Both buildings have previously housed key State of Illinois agencies highlighting the portfolio’s potential appeal to long-term, investment grade public-sector tenancy.
Offered as a single portfolio, the Springfield Capitol District Office Portfolio provides investors with a rare opportunity to control a full block-plus footprint in the city’s most irreplaceable location, with multiple clear business plans ranging from continued government-oriented office leasing to staged adaptive reuse.
PROPERTY FACTS
| Price | $500,000 | Building Class | C |
| Price Per SF | $3.01 | Building Size | 166,144 SF |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1910 |
| Property Subtype | Parking Lot | Parking Ratio | 0.34/1,000 SF |
| Zoning | S-3 | ||
| Price | $500,000 |
| Price Per SF | $3.01 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Parking Lot |
| Building Class | C |
| Building Size | 166,144 SF |
| No. Stories | 1 |
| Year Built | 1910 |
| Parking Ratio | 0.34/1,000 SF |
| Zoning | S-3 |
1 1
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $137,634 | Total Assessment | $137,634 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$137,634
Improvements Assessment
$0
Total Assessment
$137,634
1 of 20
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
311-319 S 5th St - Auction - Feb 16-18 | Office Portfolio
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.