Property Lookup
Property Lookup
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
Property profile & analytics

5220 6Th St Springfield, IL 62703

  • Commercial real estate
  • 2.93 lot acres
Value Estimation
$315,000
Location Intelligence
Property ID
US28-3056254
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 5220 6Th St

Lot size
2.93 lot acres
Property type
Commercial real estate
APN
22-27.4-126-002
APU
22274126002

Description

This Springfield, Illinois property, Hope Pavilion, offers 11,919 square feet of vacant office space for lease in a well-maintained, two-story building constructed in 1998 and renovated in 2008. The building sits on a 2.91-acre lot and features 150 parking spaces, elevators, and is conveniently located near Interstate 55, boasting 46,300 AADT traffic counts. The space is divisible into units as small as 4,832 square feet and up to a contiguous 7,087 square feet, making it suitable for a variety of businesses. Multiple suite configurations are available, including options with spacious waiting rooms, numerous private offices, multiple break areas, and ADA-compliant restrooms. Building amenities include a shared second-story conference room with a kitchenette and A/V capabilities, and a ground-floor café offering food and beverages. Utilities, wireless internet, and janitorial services are included in the lease rate

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $295,000
  • CAP approach

    CAP return
    Estimation
    6%
    $385,000
    6.5%
    $385,000
    7%
    $365,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $315,000
    Geo Method
    $410,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $380,000
    Retail
    $275,000
    Mixed-Use
    $280,000
    Hospitality
    $375,000
    Educational
    $365,000
    Residential Income
    $290,000
    Energy
    $335,000
    Income-Based Land
    $310,000
    Food Service
    $295,000

Location Insight

  • Map
  • Local Demand
City
Springfield
County
Sangamon
State
Illinois
Longitude
-89.6418
Latitude
39.727
CBSA code
44100
CBSA name
SPRINGFIELD, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$13,705
$7,312
$171,167
$178,479
-
$21,936
$513,501
$535,437
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message