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    528 S 5Th St Springfield, IL 62701

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    For Lease
    $500 /Mo ($4 SF/Yr)

    Office suites available in downtown Springfield near amenities and green space.

    Property size:
    1,401 SF
    Lot size:
    0.26 Acres

    Property Features for 528 S 5Th St

    General Information

    Size
    1,401 SF
    Lot size
    0.26 Acres

    Source: Todd P Smith Commercial Real Estate Agent Todd P. Smith

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

    Overview

    Downtown Edwards Building Office Space

    The Edwards Building offers office suites on the first and second floors. Situated in downtown Springfield, the location provides access to a major thoroughfare and a walkable environment, with the renovated Governor's Mansion located across the street. The Y Block, which hosts outdoor events such as Levitt Amp concerts, is also nearby, offering ample green space. Centennial Plaza is another nearby outdoor gathering space. The building is conveniently located near Obed & Isaac's, Springfield Carriage Co., Wm Vann's Coffee, Loukinens on 4th, and INB Bank. On-street metered parking is available in front of the property, with surface rental parking options nearby. The property offers 1401 square feet of space.
    Insight Report Location Intelligence

    Current Use by Public Records

    Mills Law Office Attorney Prevent Child Abuse-Illinois Social Services Organization Springfield Rentals Portable Toilet Supplier Illinois Democractic County County Government Office Illinois Senate Democratic Local Government Office

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.649348
    Latitude
    39.797131

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    FAQs

    What type of property is this?
    Office space - Office suites available in downtown Springfield near amenities and green space.
    Where is this office space located?
    The property is located at 528 S 5Th St Springfield, IL.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: - Downtown Edwards Building location.; - Walkable location on a major thoroughfare.; - Across the street from the newly renovated Governor's Mansion.
    (217) 441-8000
    Request Owner's contact information
    528 S 5Th St Springfield, IL 62701
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    Springfield, IL 62701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    528 S 5Th St Springfield, IL 62701
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