251 4Th StSpringfield, IL 62701

For Lease
$12/SF/YR

Prime location, two suites available, high-growth area.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional commercial property, located at 251 N 4th Street in Springfield, Illinois, presents a unique investment opportunity. The property consists of two buildings totaling 55,640 square feet, offering multiple suites within a vibrant mixed-use development. Currently, 1,560 square feet of space is immediately available, with additional space potentially available up to 2,750 square feet. Built in 2016, this Class D property features one-story buildings and is situated in a high-traffic area between the central business district and the Mid-Illinois Medical District. The S-3 zoning allows for a wide range of uses, including restaurant, retail, and office spaces, providing significant flexibility for potential tenants. The property's strategic location within a new development encompassing over 75 residential apartments ensures a consistent flow of potential customers and employees. This is an ideal opportunity to establish a presence in a rapidly developing area of Springfield, Illinois, benefiting from the synergy of a thriving residential community and a dynamic commercial environment. The property is conveniently located near Madison Street. This is a rare chance to secure a foothold in a burgeoning downtown area.

Highlights

  • 55,640 SF multi-tenant office building in Springfield, IL.
  • Two buildings totaling 55,640 square feet, each one story.
  • Class D property built in 2016, located in Sangamon County.
  • 1,560 square feet of vacant space available, with additional space potentially available.
  • Zoned S-3, allowing for diverse uses including restaurant, retail, and office.

Property Details for 251 4Th St

Property type
Other specialty properties, Other retail properties
RSF (Rentable sq. ft)
55,640 SF
Class
D
Year Built
2016
Buildings
2
Stories
1

Unit(s) available at that property

Space
251 N 4th
Size
1,560 SF
Rate per SF
$12
Space
261 N 4th
Size
2,750 SF
Rate per SF
$12

Location Insight

City
Springfield
County
Sangamon
State
Illinois
Latitude
39.803816358971
Longitude
-89.650636025287
251 4Th St, Springfield, Illinois

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251 4Th St
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