Two-Story Office
For Sale
Contact for pricing
208 S 5th St, Springfield, IL 62701
Two-story office building offers multi-tenant first floor and single-tenant second floor with elevator access and partial sprinklers.
Property Size14,688 SF
Price / SF$40.78
Days on Market301
Property Features for 208 S 5th St
General Information
Standard status
Active
Size
14,688 SF
Property subtype
OFFICE
Additional Details
Sprinkler System
Yes
Amenities
elevator
basement storage
Building Details
Stories
2
Tenancy
Multi
Listing Agency:
Todd P Smith Commercial Real Estate
(217) 441-8000
Listed By:
Todd P. Smith · License #471004523
(217) 553-5439
Source:
Moodyscre
Added: Nov 17, 2025
Changed: Aug 13
Last Checked: Sep 14 at 10:47AM
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 Commercial Real Estate
Investment Insights
Based on property information with market context.
This two-story office building totals approximately 14,000 square feet and is set on a prominent corner lot. The first floor is configured as a multi-tenant space with smaller office units, while the second floor is arranged as a single-tenant layout with perimeter offices and open workspace. An elevator services each floor, and there is an unfinished basement currently used for storage. The building is partially sprinklered.
The property is located in the middle of Downtown Springfield, with convenient access to local restaurants, shops, public transportation, and nearby parking. It is also noted as being close to the Old State Capitol and other historical buildings.
The property is located in the middle of Downtown Springfield, with convenient access to local restaurants, shops, public transportation, and nearby parking. It is also noted as being close to the Old State Capitol and other historical buildings.
Key Highlights
- Two‑story office building with approximately +/-14,000 sq ft on a prominent corner lot
- First floor is a multi‑tenant layout with small office units
- Second floor is single‑tenant with perimeter offices and open workspace
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
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
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Two-story office building offers multi-tenant first floor and single-tenant second floor with elevator access and partial sprinklers.
Where is this office building located?
The property is located at 208 S 5th St Springfield, IL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two‑story office building with approximately +/-14,000 sq ft on a prominent corner lot; First floor is a multi‑tenant layout with small office units; Second floor is single‑tenant with perimeter offices and open workspace
