Renovated Multifamily
For Sale
Contact for pricing
Pending
612 N 5th St, Springfield, IL 62702
Updated multifamily asset with full occupancy, medical-professional tenancy, and electric, gas, sewer, and water services.
Property SizeContact for details
Days on Market144
Property Features for 612 N 5th St
General Information
Standard status
Pending
Property subtype
Multifamily
Listing Agency:
Coldwell Banker Commercial Devonshire Realty
(217) 547-6650
Listed By:
Denise Bean-Mathis
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Sep 1 at 6:20AM
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
Investment Insights
Based on property information with market context.
This multifamily property combines a traditional exterior character with contemporary interior improvements completed in 2020. The building has maintained 100% occupancy, with medical professionals serving as tenants. Electric, gas, sewer, and water are available on site, supporting the property’s existing residential income use.
The asset is positioned immediately north of downtown Springfield within the Medical District. The new YMCA is located one block away, providing a nearby community amenity. Its location and renovated condition distinguish the property within the surrounding residential and professional district.
The asset is positioned immediately north of downtown Springfield within the Medical District. The new YMCA is located one block away, providing a nearby community amenity. Its location and renovated condition distinguish the property within the surrounding residential and professional district.
Key Highlights
- Extensive renovation completed in 2020
- 100% occupancy maintained with medical professionals as tenants
- On‑site electric, gas, sewer, and water services
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,980
Businesses Nearby
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Business Placement
Demographics for 62702, IL
33,712
Population
17,083
Households
2
Avg Household Size
41
Median Age
20%
College-Educated
90%
High-School Grad
15.4 sq mi
ZIP Area
2,189
Density / Sq Mi
$52,748
Median Household Income
$38,160
Median Earnings
$858
Median Rent
$102,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Updated multifamily asset with full occupancy, medical-professional tenancy, and electric, gas, sewer, and water services.
Where is this multifamily property located?
The property is located at 612 N 5th St Springfield, IL.
What are key features of this property?
This property features: Extensive renovation completed in 2020; 100% occupancy maintained with medical professionals as tenants; On‑site electric, gas, sewer, and water services
