Two-Story Downtown Office
For Sale
$525,000
15 S Old State Capitol Plaza, Springfield, IL 62701
Two-story office building with multi-tenant first floor and single-tenant second floor, plus elevator access to each level.
Property Size14,000 SF
Price / SF$37.50
Days on Market342
Property Features for 15 S Old State Capitol Plaza
General Information
Standard status
Active
Size
14,000 SF
Property subtype
Commercial
Zoning
S-3
Lease Type
Net
Additional Details
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$15,104
Amenities
elevator
storage
Building Details
Building Size
14,000 SF
Year Built
1920
Buildings
1
Stories
2
Listing Agency:
Todd P Smith Real Estate
(217) 553-5439
Listed By:
Todd Smith · License #471004523
(217) 553-5439
Source:
Shawneehillsrealestate
Added: Sep 1, 2025
Changed: Aug 8
Last Checked: Aug 8 at 12:21PM
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 two-story office building offers two distinct layouts: the first floor is configured as multi-tenant office space with smaller unit options, while the second floor is arranged as a single-tenant area with perimeter offices and open workspace. The property includes an elevator serving each floor and an unfinished basement used for storage. The building is partially sprinklered.
Located on a corner lot in downtown Springfield, the building provides visibility and accessibility, with convenient proximity to local restaurants, shops, and public transportation. The property is also described as being near the Old State Capitol and other historical buildings.
Overall, the configuration supports either separate occupancy on the lower level or a coordinated single-tenant operation across floors, depending on end-user or leasing goals.
Located on a corner lot in downtown Springfield, the building provides visibility and accessibility, with convenient proximity to local restaurants, shops, and public transportation. The property is also described as being near the Old State Capitol and other historical buildings.
Overall, the configuration supports either separate occupancy on the lower level or a coordinated single-tenant operation across floors, depending on end-user or leasing goals.
Key Highlights
- Two‑story office building built in 1920 with approximately +/-14,000 SF
- First floor offers a multi‑tenant layout with small office unit spaces
- Second floor is single‑tenant with perimeter offices and open workspace
Property Analytics
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
3,681
Businesses Nearby
Explore this area
Business Placement
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
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with multi-tenant first floor and single-tenant second floor, plus elevator access to each level.
Where is this office building located?
The property is located at 15 S Old State Capitol Plaza Springfield, IL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two‑story office building built in 1920 with approximately +/-14,000 SF; First floor offers a multi‑tenant layout with small office unit spaces; Second floor is single‑tenant with perimeter offices and open workspace
