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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.

Space Size506 SF
Days on Market558

Property Features for 528 S 5th St

General Information

Standard status Active
Size 506 SF
Property subtype OFFICE
Lease Type Gross

Additional Details

Floor 1-2

Spaces For Lease

at 528 S 5th St
The Edwards Building $500/Mo
Floor 2
Size 506 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: Mar 24, 2025 Changed: Sep 14 Last Checked: Oct 1 at 12:08PM

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.

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

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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
$1.78 /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 - 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
(217) 441-8000 Call to check price and availability
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