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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 Market567

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 Contact us

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...
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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: Sep 8 Last Checked: Sep 14 at 12:14PM

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

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

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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
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Frequently Asked Questions

What type of property is this?
Office units - Available office suites on the first and second floors with on-street metered parking and nearby surface rental parking.
Where is this office units 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 Call to check price and availability
More about this property
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