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Office Building with Atrium
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421 S Grand Ave W, Springfield, IL 62704

18,000 square foot office building with suites available.

Property Size8,524 SF
Days on Market1290

Property Features for 421 S Grand Ave W

General Information

Standard status Active
Size 8,524 SF
Property subtype Office
Listing Agency: True Commercial Real Estate
Listed By: Sam Nichols
Source: Crexi
Added: Feb 8, 2023 Changed: Aug 8 Last Checked: Aug 20 at 5:09AM

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 True Commercial Real Estate

Investment Insights

Based on property information with market context.

This office building offers approximately 18,000 square feet of space and is available for purchase. Suites 1A, 2A, 2C, and 2D are currently available. Anchor tenants include BFW Engineers, One Hope United, and Bottomline Bookkeeping. The property is conveniently located near downtown and features abundant parking. Amenities include an atrium and building security with cameras. The managing broker has a financial interest in the property.

Key Highlights

  • Building Available for Purchase (±18,000 square feet)
  • Abundant Parking
  • Convenient to Downtown

Property Analytics

Current Use

Bacon Farmer Workman ... Engineer One Hope United Social Service Agency Specialized Care State Government Office

Suggested Use

Top Pick Auto Parts Store Storage Facility Locksmith Pet Grooming Service Bakery (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,095
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

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 building - 18,000 square foot office building with suites available.
Where is this office building located?
The property is located at 421 S Grand Ave W Springfield, IL.
What are key features of this property?
This property features: Building Available for Purchase (±18,000 square feet); Abundant Parking; Convenient to Downtown
(217) 494-0800 Call to check price and availability
More about this property
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