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Office Building with Vacant Unit
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1700 S STATE Street, Springfield, IL 62704

Two-level office property with leased upper units, a vacant lower unit, a new roof, and good mechanical condition.

Property Size3,500 SF
Days on Market143

Property Features for 1700 S STATE Street

General Information

Standard status Active
Size 3,500 SF
Property subtype Office, Retail

Site & Location

Corner Location Yes
Road Access Yes

Building Details

Buildings 1
Building Size 3,500 SF
Tenancy Multi
Listing Agency: The Real Estate Group
Listed By: Jerry George · License #475159363
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 29 at 9:35PM

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 The Real Estate Group

Investment Insights

Based on property information with market context.

This two-level office property contains 3500 sqft of total space, with the upper units fully leased and a vacant unit on the ground floor. The lower space can support owner occupancy or a new lease, while the building benefits from a new roof and good mechanical condition.

The property is located at 1700 S State Street, just off MacArthur and positioned at the corner of Laurel Street. The building has been identified for potential use as a medical office, attorney’s office, insurance agency, salon, real estate office, or nonprofit agency. These use scenarios are presented as property possibilities rather than stated permitted uses.

Key Highlights

  • 3500 sqft of total building space
  • Fully leased upper units
  • Vacant downstairs unit available for lease or owner occupancy

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Hair Salon Big Box & Wholesale Store Skin Care Clinic (Bike/Boat/Book/etc) Store Nail Salon

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

Location Intelligence

Trade Area within ½ mile

604
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

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 - Two-level office property with leased upper units, a vacant lower unit, a new roof, and good mechanical condition.
Where is this office units located?
The property is located at 1700 S STATE Street Springfield, IL.
What are key features of this property?
This property features: 3500 sqft of total building space; Fully leased upper units; Vacant downstairs unit available for lease or owner occupancy
(217) 638-1360 Call to check price and availability
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