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Office Units Overlooking Capitol Plaza
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1 W Old State Capitol Plaza #703, Springfield, IL 62701

Multi-room office layout with conferencing, kitchenette, storage, parking, utilities, and janitorial service included in the gross lease.

Space SizeContact for details
Property Size107,000 SF
Days on Market4093

Property Features for 1 W Old State Capitol Plaza #703

General Information

Standard status Active
Size 107,000 SF
Zoning S-3
Lease Type Gross

Space & Availability

Space Use Office
Meeting Rooms 1

Taxes and HOA fees

Annual Taxes $13,486

Amenities

on-site management
CCTV security
maintenance
kitchenette
copy/storage/fax room

Building Details

Building Size 107,000 SF
Listing Agency: Myers Commercial Real Estate
Listed By: Steve Myers
Source: Shawneehillsrealestate
Added: Jun 17, 2015 Changed: Aug 29 Last Checked: Aug 30 at 5:32PM

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 2146-square-foot office unit at 1 W Old State Capitol Plaza #703 provides a practical multi-room layout with 4-5 private offices, a conference room, kitchenette, and dedicated copy, storage, and fax room. The suite overlooks the Old State Capitol Plaza and is configured for professional office operations.

The gross lease includes parking spaces, all utilities, and janitorial charges. On-site management supports the property, with CCTV security and maintenance also provided. The office is located in Springfield, IL 62701, within the Old State Capitol Plaza complex.

Key Highlights

  • 2146 SF office unit at 1 W Old State Capitol Plaza #703
  • Overlooks the Old State Capitol Plaza
  • 4‑5 private offices plus conference 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

Gross
Lease Type

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

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 - Multi-room office layout with conferencing, kitchenette, storage, parking, utilities, and janitorial service included in the gross lease.
Where is this office units located?
The property is located at 1 W Old State Capitol Plaza #703 Springfield, IL.
What are key features of this property?
This property features: 2146 SF office unit at 1 W Old State Capitol Plaza #703; Overlooks the Old State Capitol Plaza; 4‑5 private offices plus conference room
More about this property
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