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    5220 6Th St Springfield, IL 62703

    Sponsored
    For Lease
    $17 SF/Yr

    Springfield, IL Office Space Available

    Lot size:
    11,919 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This Springfield, Illinois property, Hope Pavilion, offers 11,919 square feet of vacant office space for lease in a well-maintained, two-story building constructed in 1998 and renovated in 2008. The building sits on a 2.91-acre lot and features 150 parking spaces, elevators, and is conveniently located near Interstate 55, boasting 46,300 AADT traffic counts. The space is divisible into units as small as 4,832 square feet and up to a contiguous 7,087 square feet, making it suitable for a variety of businesses. Multiple suite configurations are available, including options with spacious waiting rooms, numerous private offices, multiple break areas, and ADA-compliant restrooms. Building amenities include a shared second-story conference room with a kitchenette and A/V capabilities, and a ground-floor café offering food and beverages. Utilities, wireless internet, and janitorial services are included in the lease rate

    Property Features for 5220 6Th St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,919 SF

    Building Details

    Year Built/Renovated
    1998/2008
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 1200
    Size
    4,832 SF
    Rate per SF
    $17
    Space
    Suite 2400
    Size
    7,087 SF
    Rate per SF
    $17

    HighLights

    • Excellent condition building.
    • Convenient interstate access.
    • Ample parking available.
    • Abundant tenant amenities.
    • Utilities, Wi‑Fi, and janitorial services included in rent.
    • Prime location near the University of Illinois Springfield (UIS) and other businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rachel Minelli Psychologist Soltys Stephen MD Psychiatrist Vicari Sandra PHD Health Counselor Autism Society-Amer Central ... Association Or Organization Hope Pavilion Medical Center

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.641492057642
    Latitude
    39.726933396865

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    FAQs

    What type of property is this?
    Office space - Springfield, IL Office Space Available
    Where is this office space located?
    The property is located at 5220 6Th St Springfield, IL.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Excellent condition building.; Convenient interstate access.; Ample parking available.
    Request Owner's contact information
    5220 6Th St Springfield, IL 62703
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    Springfield, IL 62703
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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
    5220 6Th St Springfield, IL 62703
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