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Leased Multi-Tenant Office Building
For Sale
$700,000

901 Clocktower Drive, Springfield, IL 62704

Commercial Sale, Springfield, IL

Property SizeContact for details
Lot Size1.00 Acre
Days on Market2803

Property Features for 901 Clocktower Drive

General Information

Property type Commercial Sale
Property subtype Other
Zoning S-2
Directions W. Monroe to Clock Tower Dr.
Standard status Active
APN 14310376036
Lot size 1.00 Acre

Taxes and HOA fees

Tax Annual Amount 18436

Utilities

Sewer type Public Sewer
Heating system Forced Air
Cooling system Central Air

Building Details

Floors in Building 1
Flooring type Tile, Carpet
Building materials Frame, Brick
Roof type Membrane
Listing Agency: The Real Estate Group, Inc.
Listed By: Curtis Tillett · License #475089421
Added: Feb 1, 2019 Changed: Sep 12 Last Checked: Oct 5 at 4:06PM
MLS# CA190833

Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This multi-tenant office building is offered for sale with current occupancy reported at 100%. The property includes a partial basement and combines frame and brick construction with carpet and tile flooring. Building systems include forced-air heating, central air conditioning, a membrane roof, and public sewer service. Zoned S-2, the property is located at 901 Clocktower Drive in Springfield, Illinois. The existing configuration provides multiple office tenancy within an established commercial building, with the current lease status supporting an occupied asset profile.

Key Highlights

  • 100% leased multi‑tenant office building
  • Partial basement included
  • S‑2 zoning

Property Analytics

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Current Use

Hair Boss Hair Salon Suite Salons Hair Salon Sous La Lune Alternative Medicine Practice Ideal Beauty Artistry Cosmetic Store Courtney Stubbs Formé Hair Salon

Suggested Use

Top Pick Restaurant Building Supply Auto Repair Shop Big Box & Wholesale Store Auto Parts Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,093
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Fully occupied office property with a partial basement and central air conditioning.
Where is this office building located?
The property is located at 901 Clocktower Drive Springfield, IL.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 100% leased multi‑tenant office building; Partial basement included; S‑2 zoning
More about this property
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