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    421 Grand Ave Springfield, IL 62704

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    For Sale
    Contact for pricing

    Springfield, IL Office Space For Lease

    Property size:
    8,524 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 8,524 square foot executive office space, located at 421 S Grand Ave W in Springfield, Illinois (zip code 62704), is available for lease. The property boasts elegant finishes including new flooring, LED lighting, and a freshly painted interior with new ceiling tiles. A furnished conference room and additional furnishings are included. The space is part of the Quantum Centre, a building featuring an atrium, abundant parking, and building security with cameras. The building is conveniently located near downtown Springfield. Anchor tenants include BFW Engineers, One Hope United, and Bottomline Bookkeeping, indicating a strong and stable tenant base. The monthly rent is $2,250 plus utilities and janitorial services. While the total rentable space in the building is approximately 12,000 square feet, this specific suite offers 8,524 square feet. The lease rate is $13.50 per square foot on a modified gross basis. Note that the purchase price for a 501(c) organization may differ from other buyers. Floor plans are available upon request. This property presents a unique opportunity for businesses seeking a high-quality, well-maintained office space in a desirable Springfield location.

    Property Features for 421 Grand Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    8,524 SF

    HighLights

    • 2,000 SF rentable space.
    • $2,250/month rent plus utilities and janitorial.
    • Recently renovated suite with new flooring, LED lighting, ceiling tiles, and paint; furnished conference room.
    • Floor plan available upon request.
    • Strong tenant mix including BFW Engineers, One Hope United, and Bottomline Bookkeeping.
    • Convenient downtown location with ample parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bacon Farmer Workman ... Engineer One Hope United Social Services Organization Specialized Care State Government Office

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -89.6593183
    Latitude
    39.7872524

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    FAQs

    What type of property is this?
    Office Property / Space - Springfield, IL Office Space For Lease
    Where is this office property / space located?
    The property is located at 421 Grand Ave Springfield, IL.
    What are key features of this property?
    This property features: 2,000 SF rentable space.; $2,250/month rent plus utilities and janitorial.; Recently renovated suite with new flooring, LED lighting, ceiling tiles, and paint; furnished conference room.
    (217) 494-0800
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    421 Grand Ave Springfield, IL 62704
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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
    421 Grand Ave Springfield, IL 62704
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