High Visibility Flex Space
For Lease
Contact for pricing
100 S Martin Luther King Jr Drive, Springfield, IL 62703
Flex space with excellent interstate access and renovation options.
Space Size5,000 SF
Days on Market922
Property Features for 100 S Martin Luther King Jr Drive
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Industrial, Office
Lease Type
Net
Building Details
Tenancy
Single
Spaces For Lease
at 100 S Martin Luther King Jr Drive Contact us- Size
- 5,000 SF
- Type
- Industrial, Office
- Lease Type
- Net
- Availability
- Active
Available Space
Listing Agency:
True Commercial Real Estate
(217) 494-0800
Listed By:
Sam Nichols
Source:
Crexi
Added: Feb 11, 2024
Changed: Aug 14
Last Checked: Aug 20 at 1:55PM
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 True Commercial Real Estate
Investment Insights
Based on property information with market context.
This flex space, industrial property, office unit, office space, warehouse, and commercial real estate is available for rent. The property benefits from a high-visibility location with excellent access to Interstates 55 and 72 via Clear Lake Avenue. Situated on a corner lot at Washington Street and Martin Luther King Jr Drive, the location benefits from a daily traffic count of 8,500. Abundant parking is available. The lease price for the entire building is $4.25 per square foot (triple net), while a portion of the building is available for $5.25 per square foot (triple net). The owner, a building contractor, is willing to do renovations at below-market cost and may consider a sale. The owner is also willing to cap pass-through expenses (real estate taxes, insurance, and maintenance) at $3.00 per square foot for the first 5 years of the lease.
Key Highlights
- High visibility corner lot location with excellent access to Interstates 55 & 72.
- Lease price for entire building at $4.25/sf(3n).
- Capped Pass Thru Expenses (RE Taxes, Insurance, & Maintenance) at $3.00/sf for the first 5 years.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
522
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 62703, IL
28,344
Population
14,320
Households
2
Avg Household Size
37
Median Age
21%
College-Educated
85%
High-School Grad
14.9 sq mi
ZIP Area
1,902
Density / Sq Mi
$44,580
Median Household Income
$36,345
Median Earnings
$971
Median Rent
$93,100
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space with excellent interstate access and renovation options.
Where is this flex space located?
The property is located at 100 S Martin Luther King Jr Drive Springfield, IL.
What is the lease rate?
The lease rate is $7.50 SF/Yr.
What are key features of this property?
This property features: High visibility corner lot location with excellent access to Interstates 55 & 72.; Lease price for entire building at $4.25/sf(3n).; Capped Pass Thru Expenses (RE Taxes, Insurance, & Maintenance) at $3.00/sf for the first 5 years.
