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Two-Office Executive Suite
For Lease
$13.50 SF/Yr

1 W Old State Capitol Plaza #716, Springfield, IL 62701

Managed office suite with reception, kitchenette, included parking, and building services under a full-service lease.

Space SizeContact for details
Property Size107,000 SF
Days on Market5408

Property Features for 1 W Old State Capitol Plaza #716

General Information

Standard status Active
Size 107,000 SF
Zoning S3
Lease Type Gross

Space & Availability

Space Use Office
Private Offices 2

Taxes and HOA fees

Annual Taxes $13,486

Amenities

reception
copy/storage/fax room
computer/LAN room
kitchenette
janitorial
utilities
CCTV security
on-site maintenance and management
parking

Building Details

Building Size 107,000 SF
Listing Agency: Myers Commercial Real Estate
Listed By: Steve Myers
Source: Craggsrealtors
Added: Nov 9, 2011 Changed: Aug 29 Last Checked: Aug 30 at 5:31PM

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 Myers Commercial Real Estate

Investment Insights

Based on property information with market context.

This 1,302-square-foot office suite includes two private offices, a reception area, a dedicated copy, storage, and fax room, plus a computer and LAN room. A kitchenette completes the functional layout for day-to-day office operations.

The full-service lease includes janitorial service five nights per week, utilities, CCTV security, on-site maintenance, and on-site management. Parking is included, providing a straightforward occupancy arrangement for an office user. The property is located at 1 W Old State Capitol Plaza #716 in Springfield, Illinois, with S3 zoning.

Key Highlights

  • 1,302‑square‑foot office suite with 2 private offices
  • Reception area plus copy, storage, and fax room
  • Dedicated computer and LAN room

Property Analytics

Current Use

Hard Money Lenders ... Loan Service McGuireWoods Consulting Law Firm Chase Mortgage Loan Service Edison Electricians of Springfield Electrical Service Productive Resources Engineering Consultant

Suggested Use

Top Pick Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Storage Facility HVAC Service Home Appliance Store Plumbing Service

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
$2.03 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,681
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

Market

Lease Benchmarks for Springfield, IL

$17.3 /SF/Yr
Avg Asking Price
$6.5–$36.02 /SF/Yr
Price Range
2,544 SF
Avg Space Size

This space is priced 22% below the average of $17.3 /SF/Yr.

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 - Managed office suite with reception, kitchenette, included parking, and building services under a full-service lease.
Where is this office units located?
The property is located at 1 W Old State Capitol Plaza #716 Springfield, IL.
What is the lease rate?
The lease rate is $13.50 SF/Yr.
What are key features of this property?
This property features: 1,302‑square‑foot office suite with 2 private offices; Reception area plus copy, storage, and fax room; Dedicated computer and LAN room
More about this property
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