Two-Story Office Building Corner
For Lease
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208 S 5th St, Springfield, IL 62701
Two-story office building offers multi-tenant first floor and flexible single-tenant second-floor layout on a corner lot.
Space Size14,688 SF
Days on Market102
Property Features for 208 S 5th St
General Information
Standard status
Active
Size
14,688 SF
Property subtype
OFFICE
Lease Type
NNN
Spaces For Lease
at 208 S 5th St Contact us- Floor
- Bldg
- Size
- 14,688 SF
- Type
- OFFICE
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
208 S 5th St $8.50/SF/Yr
- This impressive two-story office building, encompassing over 14,000 square feet,...
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Listing Agency:
Todd P Smith Commercial Real Estate
(217) 441-8000
Listed By:
Todd P. Smith · License #471004523
(217) 553-5439
Source:
Moodyscre
Added: Jun 4
Changed: Sep 2
Last Checked: Sep 13 at 11:38AM
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 over 14,000 square feet and is set on a prominent corner lot. The first floor is currently configured for multi-tenant use, while the second floor is designed as a single-tenant workspace with perimeter offices and expansive open areas. The second-floor layout is described as highly flexible and can be adapted to a wide range of operational needs.
The property provides excellent visibility and accessibility given its corner-lot positioning. It is also presented as an opportunity for a single user to purchase or lease the entire building.
As currently arranged, the building supports either an owner-occupant who can utilize the second floor as a single-tenant work environment, or a multi-tenant approach on the first floor.
The property provides excellent visibility and accessibility given its corner-lot positioning. It is also presented as an opportunity for a single user to purchase or lease the entire building.
As currently arranged, the building supports either an owner-occupant who can utilize the second floor as a single-tenant work environment, or a multi-tenant approach on the first floor.
Key Highlights
- Two‑story office building with more than 14,000 SF on a prominent corner lot
- First floor is configured for multi‑tenant use
- Second floor is designed as single‑tenant space with perimeter offices and expansive open areas
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.28 /SF/Yr
CAM
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 flexible single-tenant second-floor layout on a corner lot.
Where is this office building located?
The property is located at 208 S 5th St Springfield, IL.
What is the lease rate?
The lease rate is $8.50 SF/Yr.
What are key features of this property?
This property features: Two‑story office building with more than 14,000 SF on a prominent corner lot; First floor is configured for multi‑tenant use; Second floor is designed as single‑tenant space with perimeter offices and expansive open areas
