Class A Freestanding Office
For Sale
$1,800,000
740 E Ash St., Springfield, IL 62703
Exceptional Class A office building with high-end finishes and modern amenities.
Property Size36,631 SF
Price / SF$49.14
Days on Market345
Property Features for 740 E Ash St.
General Information
Standard status
Active
Size
36,631 SF
Class
A
Property subtype
Office
Zoning
S-2, Community Shopping & Office District
Building Details
Building Size
36,631 SF
Year Built
1965
Tenancy
Single
Listing Agency:
Coldwell Banker Commercial Dev
(217) 547-6650
Listed By:
Blake Pryor, CCIM · License #475159138
(217) 547-6650
Source:
Cbcworldwide
Added: Sep 10, 2025
Changed: Aug 8
Last Checked: Apr 9 at 9:00PM
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 Coldwell Banker Commercial Dev
Investment Insights
Based on property information with market context.
This Class A freestanding office facility, located south of Downtown Springfield, offers a blend of timeless elegance and contemporary convenience. Originally constructed in 1965, the property underwent extensive renovations in 1994 and 2008, including a major addition in 2008. The property features high-end finishes and thoughtfully designed spaces, accommodating a dynamic workforce with private offices, spacious conference rooms, break areas, and ample open workspaces. Previously home to the State Government for three decades, this location is suited for another institutional entity or a large-scale end-user. The property is situated in a serene park-like setting shared with the Illinois Department of Human Services. Located just off S. 6th St, with an AADT of 12,400, the property has excellent visibility and accessibility. Interstate 55 & 72 are minutes away, ensuring connectivity to regional hubs. It is also near the Springfield Clinic Main Campus and historic landmarks like The Governor’s Mansion and Lincoln Home National Historic Site. The property includes a fully operational wet sprinkler system, a 450 AMP 3-Phase electric supply, and a 7’ X 7’ roll-up door for shipping and receiving. The property is in an Enterprise Zone and qualifies for a tax exemption on building materials for future construction, remodel, or rehabilitation, and abatement on the City of Springfield’s portion of the property taxes. The property size is 36631 square feet and it sits on 2.39 acres.
Key Highlights
- Class A freestanding office facility with high‑end finishes and thoughtfully designed spaces.
- Convenient location off S. 6th St with high visibility (12,400 AADT) and easy access to Interstate 55 & 72.
- Potential tax exemption on building materials and abatement on City of Springfield property taxes due to Enterprise Zone status.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
708
Businesses Nearby
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 Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Exceptional Class A office building with high-end finishes and modern amenities.
Where is this office building located?
The property is located at 740 E Ash St. Springfield, IL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Class A freestanding office facility with high‑end finishes and thoughtfully designed spaces.; Convenient location off S. 6th St with high visibility (12,400 AADT) and easy access to Interstate 55 & 72.; Potential tax exemption on building materials and abatement on City of Springfield property taxes due to Enterprise Zone status.
