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528 S 5th St, Springfield, IL 62701

Available office suites on the first and second floors with on-street metered parking and nearby surface rental parking.

Space Size1,401 SF
Days on Market612

Property Features for 528 S 5th St

General Information

Standard status Active
Size 1,401 SF
Property subtype OFFICE
Lease Type Gross

Spaces For Lease

at 528 S 5th St
The Edwards Building $10/SF/Yr
Floor 2
Size 1,401 SF
Type OFFICE
Lease Type GROSS
Availability AVAILABLE, Now
Sublease No
- Imagine your workplace at the beautiful downtown Edwards Building! - Take advantage of being on a major thoroughfare yet a very walkable location, all with the beautiful newly renovated Governor's Mansion across the street. - Be in the heart of the action, yet the beneficiary of ample green space with the Y Block across the street, which hosts many outdoor events, including the Levitt Amp concerts. - Centennial Plaza is also a nearby outdoor gathering space, along with easily accessible neighbors such as Obed & Isaac's, Springfield Carriage Co., Wm Vann's Coffee, Loukinens on 4th, INB Bank and more! First and second floor suites are available. - The Edwards Building has on-street metered parking in front of the property, and surface rental parking available nearby. Call to schedule your tour today!
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Listing Agency: Todd P Smith Commercial Real Estate
Listed By: Todd P. Smith · License #471004523
Source: Moodyscre
Added: Feb 24, 2025 Changed: Oct 25 Last Checked: Oct 28 at 9:07AM

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 Commercial Real Estate

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Investment Insights

Based on property information with market context.

First and second floor office suites are available in the Edwards Building at 528 S 5th St. Approximately 1,401 square feet of office space is offered, with parking options including on-street metered parking in front of the property.

The building is positioned on a major thoroughfare while remaining in a walkable downtown setting. The Governor’s Mansion is directly across the street, and the Y Block—known for outdoor events including Levitt Amp concerts—is also across the street. Centennial Plaza is another nearby outdoor gathering spot, with a mix of local businesses in the immediate area.

For additional parking, surface rental parking is available nearby. Call to schedule a tour.

Key Highlights

  • Downtown Edwards Building offers available office suites on the first and second floors.
  • On‑street metered parking available in front of the property.
  • Nearby surface rental parking is available.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Mills Law Office Law Firm Prevent Child Abuse-Illinois Social Service Agency Springfield Rentals Building Supply Illinois Democractic County County Government Office Illinois Senate Democratic Local Government Office

Suggested Use

Top Pick Big Box & Wholesale Store Storage Facility Real Estate Agency HVAC Service Auto Parts Store Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,980
Businesses Nearby

Demographics for 62701, IL

1,354
Population
832
Households
1.6
Avg Household Size
36
Median Age
35%
College-Educated
86%
High-School Grad
0.4 sq mi
ZIP Area
3,385
Density / Sq Mi
$32,444
Median Household Income
$31,472
Median Earnings
$667
Median Rent
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office unit - Available office suites on the first and second floors with on-street metered parking and nearby surface rental parking.
Where is this office unit located?
The property is located at 528 S 5th St Springfield, IL.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: Downtown Edwards Building offers available office suites on the first and second floors.; On‑street metered parking available in front of the property.; Nearby surface rental parking is available.
(217) 441-8000 · Office Call to check price and availability
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