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740 E Ash St
Springfield, IL 62703
Exceptional Class A Office Facility For Sale · Office Property For Sale

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INVESTMENT HIGHLIGHTS

  • Exceptional Freestanding Building
  • High-End Finishes
  • Near Downtown, Medical and Historic Sites
  • Major Addition & Renovation (2008)
  • Ample Parking, Space, Room for Growth
  • Enterprise Zone

EXECUTIVE SUMMARY

Coldwell Banker Commercial Devonshire Realty (CBCDR) is happy to offer a unique blend of timeless elegance and contemporary convenience – an exceptional Class A freestanding office facility south of Downtown Springfield. Originally constructed in 1965, the property underwent extensive renovations in 1994 and 2008, with a major addition in 2008. Boasting high-end finishes and thoughtfully designed spaces, it seamlessly accommodates the needs of a dynamic workforce. From private offices to spacious conference rooms, break areas to ample open workspaces, this property is primed to inspire productivity and foster collaboration. Previously home to the State Government for three decades, this location is tailor-made for another institutional entity or a large-scale end-user seeking a functional and prestigious address. There are many possibilities for another local, state, or federal municipality office, all within a serene park-like setting shared with the Illinois Department of Human Services. Conveniently situated just off S. 6th St, a bustling thoroughfare with 12,400 AADT, the property enjoys excellent visibility and accessibility. Interstate 55 & 72 are mere minutes away, ensuring effortless connectivity to regional hubs. Moreover, its proximity to the Springfield Clinic Main Campus and historic landmarks like The Governor’s Mansion and Lincoln Home National Historic Site adds to its allure. The property stands ready to exceed expectations with a fully operational wet sprinkler system, a robust 450 AMP 3-Phase electric supply, and 7’ X 7’ roll-up door for shipping and receiving. Now is the time to seize this opportunity and leave your mark on Springfield’s thriving landscape! The property is in an Enterprise Zone and would qualify for a tax exemption on the building materials for the next construction, remodel, or rehabilitation, and abatement on the City of Springfield’s portion of the property taxes.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Building Size
36,631 SF
Building Class
A
Year Built/Renovated
1965/2008
Price
$2,479,158 CAD
Price Per SF
$67.68 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
36,631 SF
Building FAR
0.35
Lot Size
2.39 AC
Zoning
S-2 - Community Shopping & Office District
Parking
152 Spaces (4.15 Spaces per 1,000 SF Leased)

AMENITIES

  • Atrium
  • Bus Line
  • Controlled Access
  • Commuter Rail
  • Conferencing Facility
  • Courtyard
  • Fenced Lot
  • Security System
  • Wheelchair Accessible
  • Kitchen
  • Reception
  • Storage Space
  • Central Heating
  • DDA Compliant
  • Fully Carpeted
  • High Ceilings
  • Natural Light
  • Open-Plan
  • Recessed Lighting
  • Secure Storage
  • Drop Ceiling
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
22-03.0-303-004
Land Assessment
$249,264 CAD
Improvements Assessment
$674,815 CAD
Total Assessment
$924,079 CAD
  • Listing ID: 31554787

  • Date on Market: 2024-04-19

  • Last Updated:

  • Address: 740 E Ash St, Springfield, IL 62703

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