1001 N Walnut St Springfield, IL 62702

Building Details

Year Built

1996

Listing Agency Lee & Associates - Dallas/Fort Worth l***@lee-associates.com Show Phone

Listed by Lauren Konen · License #521093 Show Phone

Source Lee-associates

Added: Nov 26, 2025 Updated: Jul 6 at 10:42 am Checked: Jul 20 at 2:55 am

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Investment Insights

Based on property information with market context.

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.

Key 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.

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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.