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740 E Ash St Springfield, IL 62703

For Sale
$1,800,000

Exceptional Class A office building with high-end finishes and modern amenities.

Property size:
36,631 SF
Lot size:
2.39 Acres

Property Features for 740 E Ash St

General Information

Zoning
S-2, Community Shopping & Office District
Size
36,631 SF
Lot size
2.39 Acres

Building Details

Year built
1965

Source: Blake Pryor, CCIM Agent Blake Pryor, CCIM

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Class A Freestanding Office Facility

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.
Insight Report Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Springfield
County
Sangamon
State
Illinois
Longitude
-89.66328
Latitude
39.77864

FAQs

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.
More about this property
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