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311-319 S 5th St - Auction - Feb 16-18 | Office Portfolio Immeuble de 10 000 pi² • Spécialité • À vendre 695 750 $ CAD • Springfield, IL 62701
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FAITS SAILLANTS DE L'INVESTISSEMENT
- Central, irreplaceable location: All (3) Office Buildings sit in Springfield’s historic core, within walking distance of the State Capitol and civic l
- Contiguous urban scale: The (3) properties and parking lots combine to form a campus-like footprint, giving a single investor control over a downtown
- Government-anchored demand: State agencies and related firms dominate employment in Springfield, supplying steady, creditworthy tenancy for office spa
- Proximity to culture & events hub: The nearby Bank of Springfield Center convention/event arena draws traffic downtown.
RÉSUMÉ DE L'ANNONCE
Register to bid and access due diligence documents on RealINSIGHT Marketplace: https://rimarketplace.com/auction/2900
Starting Bid: $500,000
Auction Event: February 16-18, 2026
Marcus & Millichap is pleased to present The Springfield Capitol District Office Portfolio. The Springfield Capitol District Office Portfolio comprises three office buildings and multiple contiguous lots creating a substantial critical mass in the heart of Illinois’ state capital. The properties form a cohesive urban campus within blocks of the Illinois State Capitol and the broader Capitol Complex, placing tenants at the center of state government and major employers.
Positioned within the Springfield Historic District and immediately proximate to the Old State Capitol, Abraham Lincoln Presidential Library & Museum, and the Bank of Springfield Center convention arena, the portfolio benefits from a steady stream of government employees, visitors, and convention traffic that support downtown restaurants, services, and hospitality.
424 South 5th Street “The Bell Building”, is a four (4) story building totaling 20,448 SF ( 89.76% occupied by the Illinois Department of Central Management. 500 E Monroe Street “The Bucari Building”, is a six (6) story building totaling 88,511 SF and 0% occupied and 509 S 6th “The Ridgley Building” is a twelve (12) story building totaling 57,185 SF and 0% occupied. Both buildings have previously housed key State of Illinois agencies highlighting the portfolio’s potential appeal to long-term, investment grade public-sector tenancy.
Offered as a single portfolio, the Springfield Capitol District Office Portfolio provides investors with a rare opportunity to control a full block-plus footprint in the city’s most irreplaceable location, with multiple clear business plans ranging from continued government-oriented office leasing to staged adaptive reuse.
Starting Bid: $500,000
Auction Event: February 16-18, 2026
Marcus & Millichap is pleased to present The Springfield Capitol District Office Portfolio. The Springfield Capitol District Office Portfolio comprises three office buildings and multiple contiguous lots creating a substantial critical mass in the heart of Illinois’ state capital. The properties form a cohesive urban campus within blocks of the Illinois State Capitol and the broader Capitol Complex, placing tenants at the center of state government and major employers.
Positioned within the Springfield Historic District and immediately proximate to the Old State Capitol, Abraham Lincoln Presidential Library & Museum, and the Bank of Springfield Center convention arena, the portfolio benefits from a steady stream of government employees, visitors, and convention traffic that support downtown restaurants, services, and hospitality.
424 South 5th Street “The Bell Building”, is a four (4) story building totaling 20,448 SF ( 89.76% occupied by the Illinois Department of Central Management. 500 E Monroe Street “The Bucari Building”, is a six (6) story building totaling 88,511 SF and 0% occupied and 509 S 6th “The Ridgley Building” is a twelve (12) story building totaling 57,185 SF and 0% occupied. Both buildings have previously housed key State of Illinois agencies highlighting the portfolio’s potential appeal to long-term, investment grade public-sector tenancy.
Offered as a single portfolio, the Springfield Capitol District Office Portfolio provides investors with a rare opportunity to control a full block-plus footprint in the city’s most irreplaceable location, with multiple clear business plans ranging from continued government-oriented office leasing to staged adaptive reuse.
FAITS SUR LA PROPRIÉTÉ
| Prix | 695 750 $ CAD | Classe d’immeuble | C |
| Prix par pi² | 4,19 $ CAD | Taille du bâtiment | 166 144 pi² |
| Type de vente | Investissement | Nombre d’étages | 1 |
| Type de propriété | Spécialité | Année de construction | 1910 |
| Sous-type de propriété | Parc de stationnement | Ratio de stationnement | 0,34/1 000 pi² |
| Zonage | S-3 | ||
| Prix | 695 750 $ CAD |
| Prix par pi² | 4,19 $ CAD |
| Type de vente | Investissement |
| Type de propriété | Spécialité |
| Sous-type de propriété | Parc de stationnement |
| Classe d’immeuble | C |
| Taille du bâtiment | 166 144 pi² |
| Nombre d’étages | 1 |
| Année de construction | 1910 |
| Ratio de stationnement | 0,34/1 000 pi² |
| Zonage | S-3 |
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Walk Score®
Très pratique à pied (84)
Bike Score®
Très cyclable (79)
Impôts fonciers
| Numéros de lot | Évaluation des bâtiments | 0 $ CAD | |
| Évaluation du terrain | 190 821 $ CAD | Évaluation totale | 190 821 $ CAD |
Impôts fonciers
Numéros de lot
Évaluation du terrain
190 821 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
190 821 $ CAD
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311-319 S 5th St - Auction - Feb 16-18 | Office Portfolio
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