Three-Story Office
509-511 W Capitol Ave, Springfield, IL 62704
For Sale
New
Contact for pricing
Existing office layout, passenger elevators, accessible entry, and surface and underground parking support continued office occupancy.
Property SizeContact for details
Days on Market5
Property Features for 509-511 W Capitol Ave
General Information
Standard status
Elevators
Property subtype
Additional Details
Property Use
Building Details
Buildings
Stories
Listing Agency:
Coldwell Banker Commercial Devonshire Realty
Listed By:
Blake Pryor · License IL #475159138
(217) 725-9518
Source:
Crexi
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 5:44PM
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 Coldwell Banker Commercial Devonshire Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-story office property at 509-511 W. Capitol Ave includes two passenger elevators, an accessible entrance, and both surface and secure underground parking. Its established office configuration has served state agencies and other office occupants. Continued office use is one option; apartment conversion may also be explored, subject to zoning and government approvals.
The property is in Springfield’s Capitol area, immediately west of Downtown. Nearby employment and institutional destinations include State of Illinois offices, Memorial Health, HSHS St. John’s Hospital, SIU School of Medicine, Springfield Clinic, and city and county government. Downtown restaurants, businesses, historic attractions, established neighborhoods, and commercial districts are also in the surrounding area.
The property is in Springfield’s Capitol area, immediately west of Downtown. Nearby employment and institutional destinations include State of Illinois offices, Memorial Health, HSHS St. John’s Hospital, SIU School of Medicine, Springfield Clinic, and city and county government. Downtown restaurants, businesses, historic attractions, established neighborhoods, and commercial districts are also in the surrounding area.
Key Highlights
- Three‑story property with an existing office configuration
- Two passenger elevators
- Accessible building entrance
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,646
Businesses Nearby
Explore this area
Business Placement
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
Properties on Market for Office buildings in Springfield
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Existing office layout, passenger elevators, accessible entry, and surface and underground parking support continued office occupancy.
Where is this office building located?
The property is located at 509-511 W Capitol Ave Springfield, IL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Three‑story property with an existing office configuration; Two passenger elevators; Accessible building entrance
