Downtown Office
For Lease
Contact for pricing
528 S 5th St, Springfield, IL 62701
First- and second-floor office suites in a walkable downtown setting with nearby outdoor gathering spaces and parking options.
Property Size506 SF
Days on Market498
Property Features for 528 S 5th St
General Information
Standard status
Active
Size
506 SF
Property subtype
OFFICE
Lease Type
SF/mo
Additional Details
Floor
1-2
Listing Agency:
Todd P Smith Commercial Real Estate
(217) 441-8000
Listed By:
Todd P. Smith · License #471004523
Source:
Moodyscre
Added: Mar 24, 2025
Changed: Jul 31
Last Checked: Aug 2 at 2:10PM
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.
Office suites are available on the first and second floors of the Edwards Building, offering a downtown workplace setting with access to a major thoroughfare and a walkable surrounding area. Available space totals 506 square feet.
The property is located at 528 S 5th St in Springfield, Illinois, across from the newly renovated Governor's Mansion and the Y Block, which hosts outdoor events including Levitt Amp concerts. Centennial Plaza and nearby businesses such as Obed & Isaac's, Springfield Carriage Co., Wm Vann's Coffee, Loukinens on 4th, and INB Bank add to the surrounding downtown amenities. On-street metered parking is available in front of the property, with surface rental parking available nearby.
The property is located at 528 S 5th St in Springfield, Illinois, across from the newly renovated Governor's Mansion and the Y Block, which hosts outdoor events including Levitt Amp concerts. Centennial Plaza and nearby businesses such as Obed & Isaac's, Springfield Carriage Co., Wm Vann's Coffee, Loukinens on 4th, and INB Bank add to the surrounding downtown amenities. On-street metered parking is available in front of the property, with surface rental parking available nearby.
Key Highlights
- 506 square feet of office space available
- First- and second‑floor suites
- Located on a major thoroughfare in a walkable downtown setting
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.78 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,980
Businesses Nearby
Explore this area
Business Placement
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
Market
Lease Benchmarks for Springfield, IL
$39.75 /SF/Yr
Avg Asking Price
$9.5–$150 /SF/Yr
Price Range
3,421 SF
Avg Space Size
This space is priced 70% below the average of $39.75 /SF/Yr.
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - First- and second-floor office suites in a walkable downtown setting with nearby outdoor gathering spaces and parking options.
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 $500 /Mo.
What are key features of this property?
This property features: 506 square feet of office space available; First- and second‑floor suites; Located on a major thoroughfare in a walkable downtown setting
