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Upgraded Professional Office Unit
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1999 Wabash Avenue #207, Springfield, IL 62704

Light-filled office space with shared amenities, professional co-tenancy, and substantial on-site parking.

Space SizeContact for details
Property Size51,356 SF
Days on Market1454

Property Features for 1999 Wabash Avenue #207

General Information

Standard status Active
Size 51,356 SF
Total Parking Spaces 200
Zoning S-2
Lease Type Gross

Additional Details

Space Use Office
Road Access Yes

Amenities

atrium common area
common break room with vending
on-site parking

Building Details

Building Size 51,356 SF
Year Built 1979
Buildings 1
Tenancy Multi
Listing Agency: Todd P Smith Real Estate
Listed By: Todd Smith · License #471004523
Source: Craggsrealtors
Added: Sep 1, 2022 Changed: Aug 17 Last Checked: Aug 23 at 1:01PM

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

Investment Insights

Based on property information with market context.

This 3,786-square-foot office unit is located in a professional office building constructed in 1979 and updated with numerous improvements. Interior features include abundant natural light and access to an atrium-style common area. Tenants also share a break room with vending service and benefit from professional co-tenancy within the building.

The property is positioned at 1999 Wabash Avenue in Springfield, with access from both Wabash Avenue and Chatham Road. Its location provides connectivity between downtown and Springfield’s southwest side, with restaurants and business services in the surrounding area. More than 200 on-site parking spaces serve the property. Zoning is S-2.

Key Highlights

  • 3,786 SF office unit at 1999 Wabash Avenue #207
  • Updated professional office building constructed in 1979
  • Access from both Wabash Avenue and Chatham Road

Property Analytics

Current Use

Edward Jones - Financial ... Financial Advisor Prairie State Counseling ... Counselor LeadIT Corporation (Bike/Boat/Book/etc) Store Safe Haven Hospice Nursing Home Illinois Primary Health ... Corporate Office

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Auto Repair Shop Big Box & Wholesale Store Auto Parts Store

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

Multi-tenant
Tenancy
Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,059
Businesses Nearby

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

Lease Benchmarks for Springfield, IL

$40.65 /SF/Yr
Avg Asking Price
$6.5–$150 /SF/Yr
Price Range
2,527 SF
Avg Space Size

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 - Light-filled office space with shared amenities, professional co-tenancy, and substantial on-site parking.
Where is this office units located?
The property is located at 1999 Wabash Avenue #207 Springfield, IL.
What are key features of this property?
This property features: 3,786 SF office unit at 1999 Wabash Avenue #207; Updated professional office building constructed in 1979; Access from both Wabash Avenue and Chatham Road
More about this property
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