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    509 6Th St Springfield, IL 62701

    Sponsored
    For Lease
    $13 SF/Yr

    Prime Springfield office space, 100 parking spaces.

    Lot size:
    89,056 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Springfield, Illinois commercial property, the Bucari Building (APN 14-34.0-180-032), offers 89,056 square feet of office space at 509 S 6th Street, 62701. The building features a single tenant occupancy, currently subdivided, with the possibility of further subdivision to accommodate various business needs. Ample parking is provided with 100 spaces available for tenants and visitors. The property is ideally situated in Springfield, offering convenient access to major transportation routes and local amenities. One suite is currently available for lease. A significant portion of the building, specifically the 6th floor, comprises 5,057 square feet, presenting a substantial opportunity for a larger tenant. This building represents a rare opportunity to secure a substantial and well-located office space in a thriving Illinois market. The property's size and parking capacity make it suitable for a variety of businesses seeking a prominent Springfield location. Interested parties are encouraged to inquire about lease terms and availability.

    Property Features for 509 6Th St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    89,056 SF

    Building Details

    Buildings
    1

    Unit(s) available at that property

    Space
    Size
    89,056 SF
    Rate per SF
    $13

    HighLights

    • 89,056 square feet of office space in Springfield, IL at 509 S 6th Street (APN 14‑34.0‑180‑032).
    • Currently single‑tenant occupied, but subdividable to accommodate multiple tenants.
    • 100 parking spaces available.
    • Excellent location with convenient access to transportation and amenities.
    • One suite currently available for lease.
    • 6th floor offers 5,057 square feet of contiguous space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duke Payday Loans Loan Agency Stampede Deck Solutions Deck Builder

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.647979381358
    Latitude
    39.796763822603

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Springfield office space, 100 parking spaces.
    Where is this office property / space located?
    The property is located at 509 6Th St Springfield, IL.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: 89,056 square feet of office space in Springfield, IL at 509 S 6th Street (APN 14-34.0-180-032).; Currently single-tenant occupied, but subdividable to accommodate multiple tenants.; 100 parking spaces available.
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    509 6Th 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
    509 6Th St Springfield, IL 62701
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