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    828 2Nd St Springfield, IL 62704

    Sponsored
    For Lease
    $13 SF/Yr

    Versatile office space, ample parking, flexible terms

    Lot size:
    24,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    The Penta Building offers 24,000 square feet of office space in Springfield, IL, with suites ranging from 100 to 4,887 contiguous square feet. Located at 828 S 2nd St, near the Capitol Complex and Springfield Clinic, this four-story, Class C building boasts 7 suites, 74 parking spaces, and an elevator. Built in 1977 and renovated in 2015, the property sits on 0.82 acres and is zoned R-5b. Several suites are available immediately, offering open floor plans ideal for collaborative work environments. The landlord is open to tenant improvements for suitable lease terms. Smaller suites (100-150 sq ft) are furnished and include utilities and janitorial services. Larger suites (1050 sq ft and above) offer flexibility in design and finishes. The building enjoys excellent visibility on S. 2nd St. and is conveniently located near Springfield's historic landmarks, including the Governor's Mansion and Lincoln Home National Historic Site. This location provides a unique and culturally rich environment for businesses. The property's address is 828 S 2nd St, Springfield, IL 62704, with cross streets at E. Lawrence Ave. The APN is 14-34.0-305-035.

    Property Features for 828 2Nd St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,000 SF
    Class
    C
    Total Rate
    27000

    Building Details

    Year Built/Renovated
    1977/2015
    Buildings
    1
    Stories
    4

    Unit(s) available at that property

    Space
    Suite 101-A
    Size
    100 SF
    Rate per SF
    $58
    Space
    Suite 102
    Size
    1,050 SF
    Rate per SF
    $13
    Space
    Suite 201
    Size
    2,646 SF
    Rate per SF
    $13
    Space
    Suite 202
    Size
    2,241 SF
    Rate per SF
    $13
    Space
    Suite 302
    Size
    2,241 SF
    Rate per SF
    $13
    Space
    Suite 101-F
    Size
    150 SF
    Rate per SF
    $38
    Space
    Suite 101-G
    Size
    150 SF
    Rate per SF
    $38

    HighLights

    • Modern, efficient office suites available.
    • Landlord offers tenant improvement allowances.
    • Extensive on‑site parking provided.
    • Convenient location near the downtown core and Capitol Complex.
    • Professional on‑site property management.
    • Excellent fit for government agencies and professional services firms.
    Property Profile Location Intelligence

    Current Use by Public Records

    Illinois Retired Teachers Non-Profit Organization Statewide Independent Living Social Services Organization INCIL Association / Organization

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.653570882424
    Latitude
    39.793016996903

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    FAQs

    What type of property is this?
    Medical office - Versatile office space, ample parking, flexible terms
    Where is this medical office located?
    The property is located at 828 2Nd St Springfield, IL.
    What is the lease rate?
    The lease rate is $13-$58 SF/Yr.
    What are key features of this property?
    This property features: Modern, efficient office suites available.; Landlord offers tenant improvement allowances.; Extensive on-site parking provided.
    Request Owner's contact information
    828 2Nd St 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
    828 2Nd St Springfield, IL 62704
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