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Flex Space With Private Offices
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2205 Wabash Avenue #102, Springfield, IL 62704

Adaptable commercial suite with a private bath, three offices, separately metered utilities, and refreshed exterior improvements.

Space Size2,450 SF - 4,785 SF
Property Size32,000 SF
Days on Market647

Property Features for 2205 Wabash Avenue #102

General Information

Standard status Active
Size 2,450 SF - 4,785 SF
Net Rentable 2,450 SF
Lease Type MG

Space & Availability

Available Space 2,450-4,785 SF
Contiguous Space 4,785 SF

Site & Location

Traffic Count 21,000 vehicles/day
Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $54,556

Amenities

private bath

Building Details

Building Size 32,000 SF
Buildings 1
Listing Agency: The Real Estate Group, Inc.
Listed By: Bill Marriott · License #475116051
Source: Craggsrealtors
Added: Oct 29, 2024 Changed: Aug 4 Last Checked: Aug 5 at 2:15PM

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, Inc.

Investment Insights

Based on property information with market context.

This 2,450-square-foot flex suite at 2205 Wabash Avenue, Suite 102, provides a versatile commercial layout with a private bath and three offices. Utilities are separately metered, allowing occupants to manage their own usage. Recent property improvements include new exterior paint, a new roof, and a resurfaced parking area. The space can be customized for the next occupant's requirements.

The suite is positioned on the west side of Springfield, with estimated traffic counts exceeding 21,000 vehicles per day. An adjoining 2,335-square-foot suite is also available for combination, creating a potential 4,785-square-foot configuration.

Key Highlights

  • 2,450 SF flex suite at 2205 Wabash Avenue, Suite 102
  • Three offices and a private bath
  • Utilities separately metered

Property Analytics

Current Use

Flooring of Springfield Inc. Carpet & Flooring Store Loren W. Richie, ... Alternative Medicine Practice Suite 108 Hair ... Hair Salon Titan Games - Springfield Electronics & Wireless Store Knit Wits (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Law Firm Building Supply HVAC Service Kitchen & Bath Showroom Auto Repair Shop Hair 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

21,000 VPD
Traffic count
Yes
Utilities to site
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,069
Businesses Nearby
Under-served
Demand for This Use

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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Similar Off Market Nearby

  • MCL Restaurant & Bakery Springfield 2151 Wabash Ave, Springfield, IL 62704

Frequently Asked Questions

What type of property is this?
Flex space - Adaptable commercial suite with a private bath, three offices, separately metered utilities, and refreshed exterior improvements.
Where is this flex space located?
The property is located at 2205 Wabash Avenue #102 Springfield, IL.
What are key features of this property?
This property features: 2,450 SF flex suite at 2205 Wabash Avenue, Suite 102; Three offices and a private bath; Utilities separately metered
More about this property
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