Single-Tenant Office
For Sale
Contact for pricing
Pending
325 W Adams St, Springfield, IL 62767
Interior renovations completed in 2021, with additional parking lots immediately west of the building.
Property SizeContact for details
Days on Market142
Property Features for 325 W Adams St
General Information
Standard status
Pending
Property subtype
Office
Additional Details
Highway Access
Yes
Building Details
Year Renovated
2021
Tenancy
Single
Listing Agency:
Marcus & Millichap - Kansas City
(816) 410-1010
Listed By:
Daniel Greenamyre · License #KS SP00236311
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 5:12AM
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 Marcus & Millichap - Kansas City
Investment Insights
Based on property information with market context.
This office building at 325 W Adams St serves as the long-term home of the State of Illinois Comptroller, which has occupied the property for more than 40 years. The interior was remodeled throughout in 2021, and the parking lots were recoated within the last 12 months. Additional parking lots are located immediately west of the building.
The property is positioned less than 1,000 feet from the State Capitol, Illinois Department of Revenue, Supreme Court, and other government-leased properties. Downtown Springfield is within walking distance and offers restaurants and cafés. Interstate I-55 is approximately 3 miles east, with reported traffic exceeding 50,000 VPD.
The Comptroller signed a 5-year lease extension in September 2021 and submitted a Notice of Intent to Renew in January 2023. The renewal is expected to extend occupancy through August 2031. The State of Illinois received an A- credit rating from S&P on February 23, 2023.
The property is positioned less than 1,000 feet from the State Capitol, Illinois Department of Revenue, Supreme Court, and other government-leased properties. Downtown Springfield is within walking distance and offers restaurants and cafés. Interstate I-55 is approximately 3 miles east, with reported traffic exceeding 50,000 VPD.
The Comptroller signed a 5-year lease extension in September 2021 and submitted a Notice of Intent to Renew in January 2023. The renewal is expected to extend occupancy through August 2031. The State of Illinois received an A- credit rating from S&P on February 23, 2023.
Key Highlights
- State of Illinois Comptroller has occupied the office for over 40 years
- 5‑year lease extension signed in September 2021
- Notice of Intent to Renew submitted in January 2023, extending the lease through August 2031
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,913
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Interior renovations completed in 2021, with additional parking lots immediately west of the building.
Where is this office building located?
The property is located at 325 W Adams St Springfield, IL.
What are key features of this property?
This property features: State of Illinois Comptroller has occupied the office for over 40 years; 5‑year lease extension signed in September 2021; Notice of Intent to Renew submitted in January 2023, extending the lease through August 2031
