400 Jefferson StSpringfield, IL 62701

  • Other commercial real estate
  • 0.72 AC
For Lease
$11.88/SF/YR View listing

Property Details for 400 Jefferson St

Lot size
0.72 AC
Property type
Other commercial real estate
APN
14-27.0-360-001
APU
14270360001

Description

This exceptional commercial property, located at 400 E Jefferson Street in Springfield, Illinois, presents a unique opportunity. The single-tenant building boasts a substantial 111,000 square feet of space, ideal for a variety of commercial uses. The property is zoned S-3 within Sangamon County (APN: 14-27.0-360-001) and offers a significant footprint for a large-scale operation. The building features a spacious open layout, complemented by a dedicated main office, a soundproof room perfect for confidential meetings or focused work, and well-maintained restrooms. Recent upgrades include new flooring and lighting throughout, enhancing both the aesthetic appeal and functionality of the space. The property's central downtown Springfield location provides excellent visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in the city. This single-tenant building offers a rare opportunity to secure a large, well-maintained office space in a highly desirable location. The property's size and features make it suitable for a wide range of commercial enterprises. The address is 400 E Jefferson Street, Springfield, IL 62701.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $9,618,443
    Hospitality
    $8,810,443
    Educational
    $7,330,185
    Medical
    $7,582,281
    Retail
    $11,402,510
400 Jefferson St, Springfield, Illinois
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Location Insight

City
Springfield
County
Sangamon
State
Illinois
Latitude
39.8025
Longitude
-89.6503
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
$78,469
$217,940
$669,604
$887,544
-
$653,820
$2,008,812
$2,662,632

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