Historic Downtown Office
For Sale
Contact for pricing
528 South 5th Street, Springfield, IL 62701
Multi-tenant office building in downtown Springfield, with a 1920-to-office conversion and 72% occupancy.
Property SizeContact for details
Days on Market133
Property Features for 528 South 5th Street
General Information
Standard status
Active
Property subtype
Office
Listing Agency:
JLL - Dallas | Cedar Springs, Texas
(404) 995-2270
Listed By:
Sean Ryan · License #N/A
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 20 at 7:54PM
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 JLL - Dallas | Cedar Springs, Texas
Investment Insights
Based on property information with market context.
The Edwards Building is a multi-tenant office property totaling 18,991 square feet. Built in 1920 as an auto dealership, it was converted to office use in 1950 and renovated in 1998. The building is currently 72.0% occupied by five tenants, with a rent roll consisting of a mix of GSA and traditional office users.
The property is anchored by PAETEC/Windstream, representing 41.1% of the net rentable area, with a lease expiration date of October 2022. In addition, the building has three GSA tenants occupying 28.8% of the NRA.
Located in Springfield’s Central Business District, the Edwards Building is directly across the street from the governor’s mansion and within walking distance of the Illinois Capitol Building. A municipal park is being developed next to the governor’s mansion, adding a planned downtown amenity adjacent to the property.
The property is anchored by PAETEC/Windstream, representing 41.1% of the net rentable area, with a lease expiration date of October 2022. In addition, the building has three GSA tenants occupying 28.8% of the NRA.
Located in Springfield’s Central Business District, the Edwards Building is directly across the street from the governor’s mansion and within walking distance of the Illinois Capitol Building. A municipal park is being developed next to the governor’s mansion, adding a planned downtown amenity adjacent to the property.
Key Highlights
- 18,991 SF multi‑tenant office building in downtown Springfield, IL
- 72.0% occupied by five tenants, with a rent roll mix of GSA and traditional office users
- PAETEC/Windstream anchor tenant accounts for 41.1% of NRA; lease expiration is October 2022
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,980
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Multi-tenant office building in downtown Springfield, with a 1920-to-office conversion and 72% occupancy.
Where is this office building located?
The property is located at 528 South 5th Street Springfield, IL.
What are key features of this property?
This property features: 18,991 SF multi‑tenant office building in downtown Springfield, IL; 72.0% occupied by five tenants, with a rent roll mix of GSA and traditional office users; PAETEC/Windstream anchor tenant accounts for 41.1% of NRA; lease expiration is October 2022
