Building Details

Tenancy Multi

Listing Agency: Garrison Group, Inc. Show Phone

Listed By: Larry Sapp

Source: Crexi

Added: Apr 11 Changed: Aug 12 Last Checked: Aug 19 at 9:10PM

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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 Garrison Group, Inc.

Investment Insights

Based on property information with market context.

This premium office building offers an owner-occupied configuration, with the current owner occupying approximately 30,000 square feet. In addition to the owner’s space, there is one other tenant lease in place, with an expiration date of 10/30/22. New leases can include existing furniture, TVs, artwork, and breakroom appliances, subject to agreement.

The property is located at 500 S 9th St in Springfield, Illinois.

Key Highlights

• Premium office building in the heart of Spfld
• Current owner (tax exempt) occupies approx 30,000 sq. ft.
• One other tenant lease expires 10/30/22

Property Analytics

Property Profile

Current Use

CQuest America Inc Charitable Organization Illinois Community Health ... Charitable Organization Patient Parking Ramp Parking Lot & Garage

Suggested Use

Top Pick Real Estate Agency Storage Facility Big Box & Wholesale Store HVAC Service Kitchen & Bath Showroom Building Supply

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

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

2,825

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

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 - Premium office building with furnished office elements available for inclusion in new leases.

Where is this office building located?

The property is located at 500 S 9th St Springfield, IL.

What are key features of this property?

This property features: Premium office building in the heart of Spfld; Current owner (tax exempt) occupies approx 30,000 sq. ft.; One other tenant lease expires 10/30/22