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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

15 Old State Capitol Plz Springfield, IL 62701

14,688 SF
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Total area 14,688 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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