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Executive Office Building with Finished Basement
For Sale
$519,000
Pending

1 Sycamore Row, Springfield, IL 62702

Multi-office property with conference rooms, reception areas, parking, and a finished basement with kitchen and restrooms.

Property Size13,583 SF
Days on Market316

Property Features for 1 Sycamore Row

General Information

Standard status Pending
Size 13,583 SF
Property subtype General Commercial

Taxes and HOA fees

Annual Taxes $29,413

Amenities

Central Air
3
Tile, Carpet

Building Details

Stories 1
Listing Agency: Garrison Group Keller Williams
Listed By: Glen Garrison · License #471002435
Source: Xome
Added: Oct 20, 2025 Changed: Aug 30 Last Checked: Aug 30 at 2:16PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Garrison Group Keller Williams

Investment Insights

Based on property information with market context.

This office property at 1 Sycamore Row includes multiple executive offices, conference rooms, a lobby, reception area, and a large open room currently configured as a hearing room. The building also offers central air, tile and carpet finishes, built-in blinds, and extensive woodwork. A finished basement adds a full kitchen, bar, restrooms, four egress windows, and quick walls. A large garage provides additional utility, while front and rear parking support daily operations.

The property is surrounded by 15 acres of land in Springfield, Illinois. Exterior features include newer blacktop, a 6-foot chain-link fence, and a retaining wall. Furniture is included with the property.

Key Highlights

  • Office building surrounded by 15 acres of land
  • Multiple executive offices, conference rooms, lobby, and reception area
  • Large open room currently used as a hearing room

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Law Firm Parking Lot & Garage HVAC Service Electrical Service Spa & Massage Center Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

90
Businesses Nearby

Demographics for 62702, IL

33,712
Population
17,083
Households
2
Avg Household Size
41
Median Age
20%
College-Educated
90%
High-School Grad
15.4 sq mi
ZIP Area
2,189
Density / Sq Mi
$52,748
Median Household Income
$38,160
Median Earnings
$858
Median Rent
$102,300
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Multi-office property with conference rooms, reception areas, parking, and a finished basement with kitchen and restrooms.
Where is this office building located?
The property is located at 1 Sycamore Row Springfield, IL.
What is the asking price?
The asking price for this property is $519,000.
What are key features of this property?
This property features: Office building surrounded by 15 acres of land; Multiple executive offices, conference rooms, lobby, and reception area; Large open room currently used as a hearing room
More about this property
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