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    400 Jefferson St Springfield, IL 62701

    For Lease
    $6 SF/Yr

    Prime Springfield Office: 111,000 SF

    Lot size:
    111,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional commercial property, located at 400 E Jefferson Street in Springfield, Illinois, presents a unique opportunity. The single-tenant building boasts a substantial 111,000 square feet of space, ideal for a variety of commercial uses. The property is zoned S-3 within Sangamon County (APN: 14-27.0-360-001) and offers a significant footprint for a large-scale operation. The building features a spacious open layout, complemented by a dedicated main office, a soundproof room perfect for confidential meetings or focused work, and well-maintained restrooms. Recent upgrades include new flooring and lighting throughout, enhancing both the aesthetic appeal and functionality of the space. The property's central downtown Springfield location provides excellent visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in the city. This single-tenant building offers a rare opportunity to secure a large, well-maintained office space in a highly desirable location. The property's size and features make it suitable for a wide range of commercial enterprises. The address is 400 E Jefferson Street, Springfield, IL 62701.

    Property Features for 400 Jefferson St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    111,000 SF
    Total Rate
    60125

    Unit(s) available at that property

    Space
    102
    Size
    3,224 SF
    Rate per SF
    $6

    HighLights

    • Move‑in ready restaurant.
    • 4,900 SF total building area.
    • 1,255 SF kitchen area.
    • Tables, chairs, and bar area negotiable.
    • Excellent location near 90 apartments (100% occupancy) at The St. Nicholas.
    • High foot traffic due to proximity to numerous Federal, State, and City offices.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Crowdson Creative Video ... Video Production Service Zipcar Car Rental Agency King Rentals Apartment Rental Agency St Nicholas Apartments Apartment Building Twisted Fork Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.6504803
    Latitude
    39.8020026

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Springfield Office: 111,000 SF
    Where is this office property / space located?
    The property is located at 400 Jefferson St Springfield, IL.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: Move-in ready restaurant.; 4,900 SF total building area.; 1,255 SF kitchen area.
    Request Owner's contact information
    400 Jefferson St Springfield, IL 62701
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    Springfield, IL 62701
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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
    400 Jefferson St Springfield, IL 62701
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