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Office Building
New
For Lease
$22 SF/Yr

949 Clocktower Drive, Springfield, IL 62704

The space suits office and professional operations in a commercial corridor near Veterans Parkway.

Space Size2,000 SF
Property Size10,500 SF
Days on Market3

Property Features for 949 Clocktower Drive

General Information

Standard status Active
Size 2,000 SF
Net Rentable 2,000 SF
Class B
Property subtype Office - General Office

Space & Availability

Available Space 2,000 SF
Contiguous Space 2,000 SF
Space Use Office

Additional Details

Flexible Term Yes
Highway Access Yes

Building Details

Building Size 10,500 SF

Spaces For Lease

at 949 Clocktower Drive
949 Clocktower $22/SF/Yr
Size 2,000 SF
Type Office
Lease Type NNN
Availability Immediate
Sublease No
Renewal Option Yes
Contact us
Listing Agency: Hurwitz Enterprises
Listed By: Michael Hurwitz
Source: Commercialcafe
Added: Oct 14 Changed: Oct 15 Last Checked: Oct 16 at 6:17AM

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 Hurwitz Enterprises

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Investment Insights

Based on property information with market context.

This 2,000-square-foot office building is available for lease in Springfield. Its office configuration is suited to professional and other office users, and lease terms are negotiable.

The property is at 949 Clocktower Drive on Springfield’s west side, in a commercial corridor just off Veterans Parkway (IL Route 4). Nearby businesses include office, service, and light commercial uses. Downtown Springfield and the Illinois State Capitol complex are approximately 10 minutes east. Retail, dining, and neighborhood amenities are also nearby.

Key Highlights

  • 2,000 square feet in an office building
  • Just off Veterans Parkway (IL Route 4)
  • Approximately 10 minutes east of downtown Springfield and the Illinois State Capitol complex

Property Analytics

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Current Use

The Ledge Accounting Firm Absolut Aesthetics & Wellness ... Skin Care Clinic

Suggested Use

Top Pick Restaurant Building Supply Auto Repair Shop Big Box & Wholesale Store Auto Parts Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
NNN (Triple Net)
Lease Type
$3.30 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,093
Businesses Nearby

Demographics for 62704, IL

39,157
Population
20,706
Households
1.9
Avg Household Size
40
Median Age
42%
College-Educated
95%
High-School Grad
12.2 sq mi
ZIP Area
3,210
Density / Sq Mi
$66,352
Median Household Income
$44,793
Median Earnings
$924
Median Rent
$166,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office building - The space suits office and professional operations in a commercial corridor near Veterans Parkway.
Where is this office building located?
The property is located at 949 Clocktower Drive Springfield, IL.
What is the lease rate?
The lease rate is $22 SF/Yr.
What are key features of this property?
This property features: 2,000 square feet in an office building; Just off Veterans Parkway (IL Route 4); Approximately 10 minutes east of downtown Springfield and the Illinois State Capitol complex
More about this property
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