Search
Three-Story Office Building
For Lease
Contact for pricing

850 E Madison Street, Springfield, IL 62702

Flexible workspace includes private offices, training space, breakrooms, furniture, and on-site parking.

Space SizeContact for details
Property Size64,000 SF
Days on Market948

Property Features for 850 E Madison Street

General Information

Standard status Active
Size 64,000 SF
Zoning s-3
Lease Type Gross
Lease Term Years - 3

Space & Availability

Space Use Office
Furnished Yes

Taxes and HOA fees

Annual Taxes $7,783

Amenities

on-site parking
breakrooms

Building Details

Building Size 64,000 SF
Stories 3
Listing Agency: Garrison Group Keller Williams
Listed By: Glen Garrison · License #471002435
Source: Craggsrealtors
Added: Jan 25, 2024 Changed: Aug 30 Last Checked: Aug 30 at 9:41AM

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 Garrison Group Keller Williams

Investment Insights

Based on property information with market context.

Madison Center is a 14,755-square-foot office property arranged across three stories. The interior combines an open work environment with private offices, a dedicated training room, and breakroom areas. Existing furniture is included, providing a furnished office setting for occupants.

The building is located at 850 E Madison Street in downtown Springfield’s medical district. On-site parking supports daily staff and visitor access, while the S-3 zoning designation is associated with the property.

Key Highlights

  • 14,755‑square‑foot office building spanning three stories
  • Open floor plan with private offices and a dedicated training room
  • Breakroom areas included within the interior layout

Property Analytics

Current Use

Junitta Stieren Physician Mary Zielke Physician Bank of Springfield Bank Ms. Juliet Oury Physician HSHS CID Corporate Office

Suggested Use

Top Pick Kitchen & Bath Showroom Storage Facility Big Box & Wholesale Store Real Estate Agency HVAC Service 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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,163
Businesses Nearby

Demographics for 62702, IL

33,712
Population
17,083
Households
2
Avg Household Size
41
Median Age
20%
College-Educated
90%
High-School Grad
15.4 sq mi
ZIP Area
2,189
Density / Sq Mi
$52,748
Median Household Income
$38,160
Median Earnings
$858
Median Rent
$102,300
Median Home Value

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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Office building - Flexible workspace includes private offices, training space, breakrooms, furniture, and on-site parking.
Where is this office building located?
The property is located at 850 E Madison Street Springfield, IL.
What are key features of this property?
This property features: 14,755‑square‑foot office building spanning three stories; Open floor plan with private offices and a dedicated training room; Breakroom areas included within the interior layout
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message