100 S Martin Luther King Jr Drive, Springfield, IL 62703

Spaces For Lease

at 100 S Martin Luther King Jr Drive Contact us

Listing office True Commercial Real Estate Show Phone

Listing date Feb 11, 2024

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Overview

This flex space, industrial property, office unit, office space, warehouse, and commercial real estate is available for rent. The property benefits from a high-visibility location with excellent access to Interstates 55 and 72 via Clear Lake Avenue. Situated on a corner lot at Washington Street and Martin Luther King Jr Drive, the location benefits from a daily traffic count of 8,500. Abundant parking is available. The lease price for the entire building is $4.25 per square foot (triple net), while a portion of the building is available for $5.25 per square foot (triple net). The owner, a building contractor, is willing to do renovations at below-market cost and may consider a sale. The owner is also willing to cap pass-through expenses (real estate taxes, insurance, and maintenance) at $3.00 per square foot for the first 5 years of the lease.

Suggested Use

Real Estate Agency Spa & Massage Center Skin Care Clinic Hair Salon Gym & Fitness Center Kitchen & Bath Showroom Pharmacy Electrical Service Furniture & Home Goods Bakery

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

Location Insight

• Map
• Local Demand

City

Springfield

County

Sangamon

State

Illinois

Longitude

-89.63112

Latitude

39.801248

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FAQs

What type of property is this?

Flex space - Flex space with excellent interstate access and renovation options.

Where is this flex space located?

The property is located at 100 S Martin Luther King Jr Drive Springfield, IL.

What is the lease rate?

The lease rate is $7 SF/Yr.

What are key features of this property?

This property features: High visibility corner lot location with excellent access to Interstates 55 & 72.; Lease price for entire building at $4.25/sf(3n).; Capped Pass Thru Expenses (RE Taxes, Insurance, & Maintenance) at $3.00/sf for the first 5 years.