Class A Freestanding Office
For Lease
Contact for pricing
740 E Ash St, Springfield, IL 62703
Exceptional Class A office space near downtown Springfield for rent.
Space Size36,631 SF
Days on Market854
Property Features for 740 E Ash St
General Information
Standard status
Active
Size
36,631 SF
Class
A
Total Parking Spaces
135
Property subtype
Office
Lease Type
NNN
Building Details
Building Size
36,631 SF
Year Built
1965
Tenancy
Single
Spaces For Lease
at 740 E Ash St Contact us- Size
- 36,631 SF
- Type
- Office
- Lease Type
- NNN
- Availability
- Active
Available Space
Listing Agency:
Coldwell Banker Commercial Devonshire Realty
(217) 547-6650
Listed By:
Blake Pryor · License #475159138
Source:
Crexi
Added: Apr 19, 2024
Changed: Aug 9
Last Checked: Aug 20 at 11:52AM
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 Class A freestanding office facility, located south of Downtown Springfield, offers a blend of timeless elegance and contemporary convenience. Originally constructed in 1965, the property was extensively renovated in 1994 and 2008, with a major addition in 2008. The property features high-end finishes and thoughtfully designed spaces, including private offices, spacious conference rooms, break areas, and ample open workspaces. Previously home to the State Government for three decades, this location is suitable for another institutional entity or a large-scale end-user. It is located in a serene park-like setting shared with the Illinois Department of Human Services. Situated just off S. 6th St, a bustling thoroughfare with 12,400 AADT, the property enjoys excellent visibility and accessibility. Interstate 55 & 72 are minutes away, ensuring connectivity to regional hubs. It is near the Springfield Clinic Main Campus and historic landmarks like The Governor’s Mansion and Lincoln Home National Historic Site. The property includes a fully operational wet sprinkler system, a 450 AMP 3-Phase electric supply, and a 7’ X 7’ roll-up door for shipping and receiving. The property is in an Enterprise Zone and would qualify for a tax exemption on the building materials for the next construction, remodel, or rehabilitation, and abatement on the City of Springfield’s portion of the property taxes.
Key Highlights
- Class A freestanding office facility with high‑end finishes and thoughtfully designed spaces.
- Excellent location south of Downtown Springfield, with high visibility and accessibility off S. 6th St.
- Previously home to the State Government for three decades, making it ideal for another institutional entity or large‑scale end‑user.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.50 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
708
Businesses Nearby
Explore this area
Business Placement
Demographics for 62703, IL
28,344
Population
14,320
Households
2
Avg Household Size
37
Median Age
21%
College-Educated
85%
High-School Grad
14.9 sq mi
ZIP Area
1,902
Density / Sq Mi
$44,580
Median Household Income
$36,345
Median Earnings
$971
Median Rent
$93,100
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Exceptional Class A office space near downtown Springfield for rent.
Where is this office building located?
The property is located at 740 E Ash St Springfield, IL.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: Class A freestanding office facility with high‑end finishes and thoughtfully designed spaces.; Excellent location south of Downtown Springfield, with high visibility and accessibility off S. 6th St.; Previously home to the State Government for three decades, making it ideal for another institutional entity or large‑scale end‑user.
