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401 E Sangamon Ave
Springfield, IL 62702
401 E Sangamon · Office Property For Sale
Investment Highlights
- ADA-compliant ramps and restrooms provide full accessibility for guests and staff.
- Convenient access to 5th Street for an easy commute to downtown Springfield and surrounding amenities.
- Located directly across from Lincoln Park, creating a scenic and relaxing environment for breaks and outdoor activities.
- Prominent signage visibility along E Sangamon Avenue offers strong branding opportunities.
Executive Summary
Here is your opportunity to establish your business location in a quiet setting on Sangamon Avenue in Springfield! This +/- 5,355 square foot brick office building is equipped with a functional layout offering a waiting/reception area, 8 private offices, conference room, multiple storage rooms, break room, restrooms, a partial unfinished basement and 25 on-site parking spaces. The balance of the building is on a crawl space. The property also offers access ramps, great signage visibility, and +/- 7,650 sq ft of excess yard space. There is a shed on the property that is not included in the sale but is negotiable. The owner replaced the roof in April 2026. This property sits just across the street from Lincoln Park on Sangamon Ave, creating a perfect setting for breaks, views, or walks/jogs. Also, enjoy easy access to arterial roadways including 5th Street and Veterans Pkwy. Do not pass-up the chance to own and occupy this exceptional property in Springfield, IL!
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
5,355 SF
Building Class
B
Year Built
1979
Price
$523,414 CAD
Price Per SF
$97.74 CAD
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
2,678 SF
Building FAR
0.19
Lot Size
0.64 AC
Parking
25 Spaces (4.67 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 14-15.0-358-031 | Improvements Assessment | $197,405 CAD |
| Land Assessment | $30,239 CAD | Total Assessment | $227,644 CAD |
Property Taxes
Parcel Number
14-15.0-358-031
Land Assessment
$30,239 CAD
Improvements Assessment
$197,405 CAD
Total Assessment
$227,644 CAD
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