15 Old State Capitol Plz Springfield, IL 62701
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.
-
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
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.