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Private Office Suites
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329 New Street, Springfield, IL 62704

Seven furnished workspaces feature controlled access, shared reception, updated restrooms, and on-site parking.

Space SizeContact for details
Property Size7,094 SF
Days on Market467

Property Features for 329 New Street

General Information

Standard status Active
Size 7,094 SF
Total Parking Spaces 17
Zoning R-5b
Lease Type Gross

Space & Availability

Space Use Private Office
Private Offices 7
Furnished Yes

Additional Details

Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $4,880

Amenities

Business WIFI
Business WIFI Pro with Splash Pages
Business Phone Service Available (Negotiable)
Monitored Central Illinois Security System
Ring Security Camera's Installed and activated
On-site Security Buzz-in system Schlage (Electronic Multiple Access Users)
Lobby Waiting Area
Secured Private File Room
2 New Bathrooms

Building Details

Building Size 7,094 SF
Listing Agency: Gvazdinskas Group, Inc.
Listed By: James Gvazdinskas
Source: Shawneehillsrealestate
Added: May 21, 2025 Changed: Aug 30 Last Checked: Aug 22 at 10:39AM

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 Gvazdinskas Group, Inc.

Investment Insights

Based on property information with market context.

Available for rent, this office property is configured with seven private business suites and furniture that remains on site. Shared features include a lobby waiting area, suite identification, two new bathrooms, and a secured private file room. Business Wi-Fi service is in place, while business phone service is available on negotiable terms. Utilities are separate, and build-to-suit work can be considered.

Security improvements include a monitored central Illinois security system, Ring security cameras, an on-site security buzz-in system, and Schlage electronic access with multiple users. The property is located at 329 New Street in Springfield, Illinois, and provides 17 parking spaces.

Key Highlights

  • Seven private business suites with furniture remaining on site
  • Business Wi‑Fi service with splash pages installed
  • Two new bathrooms and a secured private file room

Property Analytics

Current Use

USPS Collection Box Postal Service Sampson Family Tree ... Landscaping

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Auto Parts Store Kitchen & Bath Showroom Bakery Catering Service

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

Yes
Utilities to site
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,646
Businesses Nearby

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

Lease Benchmarks for Springfield, IL

$17.3 /SF/Yr
Avg Asking Price
$6.5–$36.02 /SF/Yr
Price Range
2,544 SF
Avg Space Size

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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Frequently Asked Questions

What type of property is this?
Office units - Seven furnished workspaces feature controlled access, shared reception, updated restrooms, and on-site parking.
Where is this office units located?
The property is located at 329 New Street Springfield, IL.
What are key features of this property?
This property features: Seven private business suites with furniture remaining on site; Business Wi‑Fi service with splash pages installed; Two new bathrooms and a secured private file room
More about this property
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