Lincoln Tower High-Rise
For Sale
Contact for pricing
520 South Second Street, Springfield, IL 62701
Downtown apartment property with one-, two-, and three-bedroom layouts plus resident-focused amenities.
Property SizeContact for details
Days on Market11
Property Features for 520 South Second Street
General Information
Standard status
Active
Elevators
Yes
Property subtype
Multifamily
Zoning
R-5: General Residence & Office District
Additional Details
Multifamily Units
190
Amenities
Fitness center
resident lounge
controlled access
elevators
structured parking
Building Details
Year Built
1968
Year Renovated
2023
Buildings
1
Stories
17
Units
190
Listing Agency:
Friedman Integrated Real Estate
(248) 255-6052
Listed By:
Richard Deptula
(248) 255-6052
Source:
Friedmanrealestate
Added: Aug 22
Changed: Aug 29
Last Checked: Aug 31 at 2:22PM
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 Friedman Integrated Real Estate
Investment Insights
Based on property information with market context.
Lincoln Tower is a 17-story apartment building containing approximately 190 units, with one-, two-, and three-bedroom floor plans. Completed in 1968, the property includes a fitness center, resident lounge, controlled access, elevators, and structured parking. It is located at 520 South Second Street in downtown Springfield, near the Illinois State Capitol, government offices, dining, and entertainment venues.
The surrounding employment base includes state government, healthcare systems, and medical schools. The property is zoned R-5: General Residence & Office District, offering a high-rise multifamily format with a broad mix of unit configurations and established building amenities.
The surrounding employment base includes state government, healthcare systems, and medical schools. The property is zoned R-5: General Residence & Office District, offering a high-rise multifamily format with a broad mix of unit configurations and established building amenities.
Key Highlights
- 17‑story apartment building with approximately ±190 units
- One-, two-, and three‑bedroom unit mix
- Fitness center and resident lounge
Property Analytics
Property Profile
Current Use
Lease Details
190
Residential units
Location Intelligence
Trade Area within ½ mile
2,970
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 Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Downtown apartment property with one-, two-, and three-bedroom layouts plus resident-focused amenities.
Where is this apartment building located?
The property is located at 520 South Second Street Springfield, IL.
What are key features of this property?
This property features: 17‑story apartment building with approximately ±190 units; One-, two-, and three‑bedroom unit mix; Fitness center and resident lounge
