509 W Capitol Avenue #511 Springfield, IL 62704

Listing agency Todd P Smith Real Estate t***@tpsmithre.com Show Phone

Listed by Todd Smith · License #471004523 Show Phone

Source Shawneehillsrealestate

Added: Sep 29, 2023 Updated: Jul 21 at 2:01PM Checked: Jul 21 at 2:01PM

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Investment Insights

Based on property information with market context.

Solid brick office building with three stories of approximately 43,000 square feet of office space and lower-level parking. Interior improvements include new carpet, freshly painted drywall, acoustical tile ceilings, ADA restrooms, two elevators providing access to all floors including the lower level, and newly installed fiber data cabling and a security system. The building also features two common area lobbies, each with two points of access, along with landscaping and ADA accessibility.

The property is located just west of the IL State Capitol Building complex and offers on-site surface and underground parking for building users.

Currently fully leased by one tenant, the building has historically served multiple office tenants.

Key Highlights

• +/- 43,000 SF office space in a solid brick, 3‑story building with lower‑level parking
• Fully leased by one tenant, with a history of multiple office tenants
• Two elevators providing access to all floors, including the lower level

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FAQs

What type of property is this?

Office building - Brick office building with ADA restrooms, two elevators, and on-site surface plus underground parking.

Where is this office building located?

The property is located at 509 W Capitol Avenue #511 Springfield, IL.

What is the asking price?

The asking price for this property is $1,700,000.

What are key features of this property?

This property features: +/- 43,000 SF office space in a solid brick, 3‑story building with lower‑level parking; Fully leased by one tenant, with a history of multiple office tenants; Two elevators providing access to all floors, including the lower level