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    1999 Wabash Ave Springfield, IL 62704

    Sponsored
    For Lease
    $15 SF/Yr

    Springfield, IL Office Space Available

    Lot size:
    51,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional two-story, 51,500 square foot executive office building, located at 1999 Wabash Ave, Leland Grove, IL 62704, offers multiple tenancy options with a minimum divisible space of 1,133 square feet. The property boasts a fresh, newly renovated interior and updated exterior signage. Situated on a major arterial, Wabash Avenue, at its intersection with Chatham Road, this contemporary building enjoys high visibility and convenient access. The open floor plan allows for abundant natural light. Amenities include over 200 on-site parking spaces with cross-access parking for even greater convenience, ADA compliance, fiber connectivity, and access to several high-speed internet providers. First-floor suites offer private entries. The location benefits from its proximity to a variety of retail, restaurants, grocery stores, gas stations, and residential areas. Public transportation is also readily available. The building is zoned S-2 (City of Springfield) and is located in Sangamon County. One elevator serves the two stories.

    Property Features for 1999 Wabash Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    51,500 SF
    Total Rate
    64632.5

    Building Details

    Stories
    2

    Unit(s) available at that property

    Space
    1st Floor Suite 101
    Size
    1,750 SF
    Rate per SF
    $15
    Space
    2nd Floor Available Suite 207
    Size
    3,786 SF
    Rate per SF
    $15
    Space
    1St Floor Suite 103
    Size
    2,550 SF
    Rate per SF
    $16
    Space
    Second Floor-Suite 204
    Size
    345 SF
    Rate per SF
    $23

    HighLights

    • Convenient location with ample parking (over 200 spaces, cross‑access).
    • Freshly renovated interior and exterior signage.
    • Abundant natural light in a bright, open floor plan.
    • High visibility location on Wabash Ave, seen by over 25,000 vehicles daily.
    • Flexible suite sizes, from individual offices to large open spaces.
    • High‑speed internet access via fiber connectivity and multiple providers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Edward Jones - Financial ... Financial Consultant Prairie State Counseling ... Counselor LeadIT Corporation Software Company Safe Haven Hospice Hospice Illinois Primary Health ... Corporate Office

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.689311
    Latitude
    39.7647486

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    FAQs

    What type of property is this?
    Office space - Springfield, IL Office Space Available
    Where is this office space located?
    The property is located at 1999 Wabash Ave Springfield, IL.
    What is the lease rate?
    The lease rate is $15-$23 SF/Yr.
    What are key features of this property?
    This property features: Convenient location with ample parking (over 200 spaces, cross-access).; Freshly renovated interior and exterior signage.; Abundant natural light in a bright, open floor plan.
    Request Owner's contact information
    1999 Wabash Ave Springfield, IL 62704
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    Springfield, IL 62704
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1999 Wabash Ave Springfield, IL 62704
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