Listing Agency: Hurwitz Enterprises

Listed By: Mimi Hurwitz

Source: Crexi

Added: Apr 12 Changed: Aug 30 Last Checked: Sep 4 at 6:46AM

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Investment Insights

Based on property information with market context.

Office units at 2 LAWRENCE Square provide a professional commercial setting with the ability to divide the space into separate areas. The property is within walking distance of the Capitol, placing users close to a significant civic destination in Springfield.

Key Highlights

• Divisible office configuration
• Within walking distance of the Capitol
• Located at 2 LAWRENCE Square, Springfield, IL 62704

Property Analytics

Property Profile

Current Use

LeadingAge Illinois Association Or Organization

Suggested Use

Top Pick Storage Facility HVAC Service Auto Parts Store Real Estate Agency Carpet & Flooring Store (Bike/Boat/Book/etc) 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.

Location Intelligence

Trade Area within ½ mile

2,700

Businesses Nearby

Explore this area Business Placement

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

Questions? Ask Rey

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What type of property is this? Where is this office units located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office units - Office units offer a flexible configuration near the Capitol.

Where is this office units located?

The property is located at 2 LAWRENCE Square Springfield, IL.

What are key features of this property?

This property features: Divisible office configuration; Within walking distance of the Capitol; Located at 2 LAWRENCE Square, Springfield, IL 62704