Springfield Office Space For
For Lease
Contact for pricing
319 E Madison St, Springfield, IL 62701
Centrally located office space in Springfield's Central Business District.
Space Size1,000 SF - 5,710 SF
Property Size83,200 SF
Days on Market2290
Property Features for 319 E Madison St
General Information
Standard status
Active
Size
1,000 SF - 5,710 SF
Class
A
Total Parking Spaces
240
Property subtype
Office, Special Purpose
Lease Type
Modified Gross
Building Details
Building Size
83,200 SF
Year Built
1990
Tenancy
Multiple
Spaces For Lease
at 319 E Madison St Contact us- Size
- 5,333 SF
- Type
- Office, Special Purpose
- Lease Type
- Modified Gross
- Availability
- Active
Suite 1J - Imaging Ctr (MRI,CT,Ultra,X)
- Size
- 2,600 SF
- Type
- Office, Special Purpose
- Lease Type
- Modified Gross
- Availability
- Active
Suite 2A
- Size
- 1,000 SF
- Type
- Office, Special Purpose
- Availability
- Active
Suite 4H
- Size
- 5,710 SF
- Type
- Office
- Availability
- Active
Suite 4M
Listing Agency:
Albanese Realty Corp
Listed By:
Dennis Albanese · License #IL 475.143254
Source:
Crexi
Added: May 14, 2020
Changed: Aug 9
Last Checked: Aug 19 at 12:03AM
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 Albanese Realty Corp
Investment Insights
Based on property information with market context.
This office space is centrally located between St. John’s Hospital, Memorial Medical Center, and Springfield Clinic. It is situated within Springfield’s Central Business District and near major vehicular arteries, specifically Jefferson/Madison Streets (east-west) and 4th Street/5th Street (north-south). The location is also 4-5 blocks from the Sangamon County Complex, the Illinois State Capitol, banks, hotels, museums, grocery stores, restaurants, and downtown housing. This location is convenient for medical, insurance, governmental, association, law, accounting, and other professional offices.
Key Highlights
- Central location between major medical centers (St. John’s Hospital, Memorial Medical Center, Springfield Clinic).
- Proximity to Sangamon County Complex, Illinois State Capitol, banks, hotels, museums, grocery stores, restaurants, and downtown housing (4‑5 blocks).
- Located within Springfield’s Central Business District.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.18 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
4,305
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
Lease Benchmarks for Springfield, IL
$40.65 /SF/Yr
Avg Asking Price
$6.5–$150 /SF/Yr
Price Range
2,527 SF
Avg Space Size
This space is priced 64% below the average of $40.65 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Centrally located office space in Springfield's Central Business District.
Where is this office units located?
The property is located at 319 E Madison St Springfield, IL.
What is the lease rate?
The lease rate is $14.50 SF/Yr.
What are key features of this property?
This property features: Central location between major medical centers (St. John’s Hospital, Memorial Medical Center, Springfield Clinic).; Proximity to Sangamon County Complex, Illinois State Capitol, banks, hotels, museums, grocery stores, restaurants, and downtown housing (4‑5 blocks).; Located within Springfield’s Central Business District.
