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828 S 2nd St, Springfield, IL 62704

Exceptional office suites near the Capitol Complex in Springfield, IL.

Space Size100 SF - 2,646 SF
Property Size24,000 SF
Days on Market774

Property Features for 828 S 2nd St

General Information

Standard status Active
Size 100 SF - 2,646 SF
Class C
Total Parking Spaces 74
Property subtype Office
Lease Type Gross

Building Details

Building Size 24,000 SF
Year Built 1977
Tenancy Multiple

Spaces For Lease

at 828 S 2nd St Contact us

Suite 101-A

Size
100 SF
Type
Office
Lease Type
Gross
Availability
Active
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Suite 102

Size
1,050 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
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Suite 201

Size
2,646 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
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Suite 202

Size
2,241 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
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Suite 302

Size
2,241 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
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Suite 101-F

Size
150 SF
Type
Office
Availability
Active
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Suite 101-G

Size
150 SF
Type
Office
Availability
Active
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Suite 101-B

Size
170 SF
Type
Office
Availability
Active
Contact us
Listing Agency: Coldwell Banker Commercial Devonshire Realty
Listed By: Blake Pryor · License #475159138
Source: Crexi
Added: Jul 8, 2024 Changed: Aug 12 Last Checked: Aug 19 at 11:31PM

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 Coldwell Banker Commercial Devonshire Realty

Investment Insights

Based on property information with market context.

Office suites are available for lease at the Penta Building, situated near the Capitol Complex in Springfield, IL. Suite 101 includes multiple private offices: Office A offers 100 SF, Office B offers 170 SF, Office F offers 150 SF, and Office G offers 150 SF. Each private office comes furnished and includes a window on the south wall, as well as access to a common break area. The lease rate covers utilities and janitorial services. These offices are suitable for small businesses, governmental entities, or self-employed professionals. Suite 102 provides approximately 1,050 SF of space with an open floor plan. Suite 201 offers approximately 2,646 SF of space with an open floor plan, natural light, a finished ceiling, and an additional room suitable for storage or an IT closet. Suite 202 features approximately 2,241 SF of space with an open floor plan and natural light. Suites 201 and 202 can be combined for a total of approximately 4,887 SF. Suite 302 provides approximately 2,241 SF of space with an open floor plan. The landlord is open to tenant-specific build-outs for the right lease terms. The Penta Building has frontage on S. 2nd St., south of Downtown Springfield and near the Springfield Clinic Main Campus, with proximity to landmarks such as The Governor’s Mansion, Lincoln Home National Historic Site, the Old State Capitol, and the Illinois State Museum.

Key Highlights

  • Ideally located near the Capitol Complex in Springfield, IL.
  • Suites available ranging from 100 SF to 2,646 SF (potentially 4,887 SF combined).
  • Lease rate includes utilities and janitorial services (for smaller office suites).

Property Analytics

Current Use

Illinois Retired Teachers Charitable Organization Statewide Independent Living Social Service Agency INCIL Association / Organization

Suggested Use

Top Pick Storage Facility HVAC Service (Bike/Boat/Book/etc) Store Auto Parts Store Real Estate Agency Carpet & Flooring 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.

Lease Details

NNN (Triple Net)
Lease Type
$2.03 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,700
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

Lease Benchmarks for Springfield, IL

$40.65 /SF/Yr
Avg Asking Price
$6.5–$150 /SF/Yr
Price Range
2,527 SF
Avg Space Size

This space is priced 67% below the average of $40.65 /SF/Yr.

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 units - Exceptional office suites near the Capitol Complex in Springfield, IL.
Where is this office units located?
The property is located at 828 S 2nd St Springfield, IL.
What is the lease rate?
The lease rate is $13.50 SF/Yr.
What are key features of this property?
This property features: Ideally located near the Capitol Complex in Springfield, IL.; Suites available ranging from 100 SF to 2,646 SF (potentially 4,887 SF combined).; Lease rate includes utilities and janitorial services (for smaller office suites).
(217) 547-6650 Call to check price and availability
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