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Office Building with Ample Parking
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1999 Wabash Ave, Springfield, IL 62704

Office building with high visibility and abundant parking.

Property Size51,356 SF
Price / SF$92.88
Days on Market809

Property Features for 1999 Wabash Ave

General Information

Standard status Active
Size 51,356 SF
Class B
Total Parking Spaces 225
Property subtype Office
Zoning Office, Retail, Service
Occupancy 100%
Lease Type Modified Gross

Building Details

Year Built 1979
Buildings 1
Stories 2
Tenancy Multi
Listing Agency: Todd P Smith Real Estate Inc
Listed By: Todd Smith · License #471004523
Source: Crexi
Added: Jun 4, 2024 Changed: Aug 20 Last Checked: Aug 20 at 8:48PM

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 Todd P Smith Real Estate Inc

Investment Insights

Based on property information with market context.

This commercial property, comprising 51,356 square feet, is suitable for office use. The building features an abundance of natural light and collaboration areas within an open atrium. Tenant signage is visible to over 25,000 cars per day. Fiber connectivity and high-speed internet are available. The property includes over 200 complimentary on-site parking spaces. It is located in Springfield and is zoned S-2 by the City of Springfield.

Key Highlights

  • High visibility location with tenant signage visible to over 25,000 cars per day.
  • Over 200 complimentary on‑site parking spaces.
  • Fiber connectivity and high‑speed internet available.

Property Analytics

Current Use

Edward Jones - Financial ... Financial Advisor Prairie State Counseling ... Counselor LeadIT Corporation (Bike/Boat/Book/etc) Store Safe Haven Hospice Nursing Home Illinois Primary Health ... Corporate Office

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Auto Repair Shop Big Box & Wholesale Store Auto Parts Store

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

Location Intelligence

Trade Area within ½ mile

1,059
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

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
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Frequently Asked Questions

What type of property is this?
Office building - Office building with high visibility and abundant parking.
Where is this office building located?
The property is located at 1999 Wabash Ave Springfield, IL.
What is the asking price?
The asking price for this property is $4,770,000.
What are key features of this property?
This property features: High visibility location with tenant signage visible to over 25,000 cars per day.; Over 200 complimentary on‑site parking spaces.; Fiber connectivity and high‑speed internet available.
(217) 553-5439 Call to check price and availability
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