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Property profile & analytics

15 Old State Capitol Plz Springfield, IL 62701

  • Retail properties
  • 14,688 SF
Value Estimations
Cap Rate Potential
Location Intelligence

Current Use by Public Records

  • Lexitas / Law Firm
  • HR Full Circle Consulting, LLC / Business Management Consultant / Service Establishment
  • Brad Probst - Ware Group Advisor / Insurance Agency
  • JEI / Construction Company / General Contractor
  • LifestyleCPA - registered trademark of Financial Keepers, LLC / Accounting Firm

Property Details for 15 Old State Capitol Plz

Property size
14,688 SF
Property type
Retail properties
Property subtype
Restaurants

Description

The Paragon Building, located at 15 S Old State Capitol Plaza in Springfield, Illinois (zip code 62701), presents a compelling investment opportunity. This two-story building, encompassing 14,688 square feet, features five individual suites, with 2,788 square feet currently vacant. The property is zoned S-3 and has the APN 143401300487. The building includes an elevator for convenient access to both floors. Currently available are three retail spaces ranging from 635 to 1,213 square feet. The building's traditional office design is complemented by high ceilings in the interior office suites. Tenants enjoy secure access via a main door directly from the Plaza sidewalk. This property is ideal for a variety of businesses seeking a prominent location in Springfield, Illinois. The building's multiple suites offer flexibility for various tenant needs, and the vacant space presents an opportunity for immediate occupancy or lease. The strategic location on the Old State Capitol Plaza ensures high visibility and accessibility. This is a rare opportunity to acquire a well-maintained, established office building in a thriving downtown area.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use


Location Insight

  • Map
  • Local Demand
City
Springfield
County
Sangamon
State
Illinois
Longitude
-89.6493
Latitude
39.8005
More about this property
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