Springfield Office Building For
1001 N Walnut St, Springfield, IL 62702
Single-tenant office building leased to the State of Illinois.
Type:Office
Property size:
14,350 SFPrice / SF:
$75/SF- Added:
- Nov 26, 2025
- Days on Market:
- 176
- Last Refresh:
- Apr 5 at 9:12 pm
Property Features for 1001 N Walnut St
General Information
- Standard status
- Active
- Size
- 14,350 SF
- Property subtype
- Office
Building Details
- Year Built
- 1996
Listing agent Lauren Konen License #521093 (972) 934-4044
Listing office Lee & Associates - Dallas/Fort Worth (972) 934-4044
Listing date Nov 26, 2025
Source Lee-associates
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 Lee & Associates - Dallas/Fort Worth
HighLights
- 100% leased to the State of Illinois (Illinois Prisoner Review Board), providing stable income.
- Backed by an A- credit rating with a Stable outlook, the State represents a highly secure and creditworthy tenant.
- Strategic downtown Springfield location, less than two miles from the Illinois State Capitol.
- Long‑standing tenant relationship: occupied by a State of Illinois agency since 2007.
- Full Service Plus E lease structure.
- 13,590 square foot single‑tenant office building constructed in 1996 on a 0.72‑acre lot.
Overview
The property at 1001 N Walnut Street, Springfield, Illinois, presents an opportunity to acquire a single-tenant office building. Constructed in 1996, the one-story structure comprises 13,590 square feet and is situated on a 0.72-acre lot. The building is 100% leased to the State of Illinois, specifically occupied by the Illinois Prisoner Review Board since 2007. The lease is structured as a Full Service Plus E lease with just under two years of remaining term. The State of Illinois maintains ownership of approximately 8,771 properties totaling 101 million square feet, in addition to leasing 8 million square feet of space statewide. The property benefits from 33 surface spaces and is located in an area zoned R-5 (General Residence and Office District). Strategically located in downtown Springfield, less than two miles from the Illinois State Capitol, the subject property benefits from proximity to the core of state government operations. The property is strategically located by a mix of government and service-related uses.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Sangamon
- State
- Illinois
- Longitude
- -89.6637
- Latitude
- 39.8134
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Single-tenant office building leased to the State of Illinois.
Where is this office building located?
The property is located at 1001 N Walnut St Springfield, IL.
What is the asking price?
The asking price for this property is $1,087,200.
What are key features of this property?
This property features: 100% leased to the State of Illinois (Illinois Prisoner Review Board), providing stable income.; Backed by an A- credit rating with a Stable outlook, the State represents a highly secure and creditworthy tenant.; Strategic downtown Springfield location, less than two miles from the Illinois State Capitol.
