Three-Story Office
For Lease
Contact for pricing
509 W Capitol Ave, Springfield, IL 62704
Three-story office building with ADA restrooms, two elevators, and onsite surface and underground parking.
Space Size43,000 SF
Days on Market773
Property Features for 509 W Capitol Ave
General Information
Standard status
Active
Size
43,000 SF
Property subtype
Office
Lease Type
NNN
Building Details
Building Size
43,000 SF
Year Built
1989
Stories
3
Tenancy
Single
Spaces For Lease
at 509 W Capitol Ave Contact us- Size
- 43,000 SF
- Type
- Office
- Lease Type
- NNN
- Availability
- Active
Space 1
Listing Agency:
Todd P Smith Real Estate Inc
Listed By:
Todd Smith · License #IL 471004523
(217) 553-5439
Source:
Crexi
Added: Jul 25, 2024
Changed: Aug 22
Last Checked: Sep 4 at 4:38PM
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 Todd P Smith Real Estate Inc
Investment Insights
Based on property information with market context.
This three-story office building offers approximately 43,000 square feet of office space, along with surface and lower-level parking. The interior includes new carpet, freshly painted drywall, and acoustical tile ceilings. The building is served by two elevators providing access to all floors, including the lower level, and it includes ADA restrooms.
The property is a solid brick structure with two common lobbies, each featuring two points of access. ADA accessibility is supported throughout, and the building also has newly installed fiber data cabling and a security system. Onsite parking includes both surface and underground options.
Currently occupied, the space has a lease ending soon. The building is also available for sale under a separate listing.
The property is a solid brick structure with two common lobbies, each featuring two points of access. ADA accessibility is supported throughout, and the building also has newly installed fiber data cabling and a security system. Onsite parking includes both surface and underground options.
Currently occupied, the space has a lease ending soon. The building is also available for sale under a separate listing.
Key Highlights
- Three‑story office building built in 1989 with +/-43,000 SF of office space
- ADA restrooms and ADA accessibility throughout the building and site
- Two elevators providing access to all floors, including the lower level
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.20 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,646
Businesses Nearby
Explore this area
Business Placement
Demographics for 62704, IL
39,157
Population
20,706
Households
1.9
Avg Household Size
40
Median Age
42%
College-Educated
95%
High-School Grad
12.2 sq mi
ZIP Area
3,210
Density / Sq Mi
$66,352
Median Household Income
$44,793
Median Earnings
$924
Median Rent
$166,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Three-story office building with ADA restrooms, two elevators, and onsite surface and underground parking.
Where is this office building located?
The property is located at 509 W Capitol Ave Springfield, IL.
What is the lease rate?
The lease rate is $8 SF/Yr.
What are key features of this property?
This property features: Three‑story office building built in 1989 with +/-43,000 SF of office space; ADA restrooms and ADA accessibility throughout the building and site; Two elevators providing access to all floors, including the lower level
