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17275015
17275016

740 E Ash St, Springfield, IL 62703 For Sale

BP
IL 475159138
Coldwell Banker Commercial Devonshire Realty
Listed by Coldwell Banker Commercial Devonshire Realty
$1,800,000
821 days on market
Updated 38 days ago

Exceptional Class A Office Facility For Sale or Lease

Details
APN 22-03.0-303-004
Property Type Office
Sub Type Executive Office, Medical Office (+1)
Square Footage 36,631
Net Rentable (SqFt) 36,631
Tenancy Vacant
Lease Type NNN
Price per SqFt $49
Broker Co-Op Yes
Class A
Year Built 1965
Year Renovated 2008
Buildings 1
Stories 1
Acreage 2.390
Zoning S-2, Community Shopping & Office District
Parking Spaces 152 spaces
Parking per 1,000 SqFt 4.15
Sale Condition For sale by owner

36,631 SF - Class A Bldg - Major Addition & Renovation (08) - High End Finishes - Enterprise Zone

Marketing description

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.

Investment highlights

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

Listing Contacts

BP
IL 475159138
Coldwell Banker Commercial Devonshire Realty
Listed by Coldwell Banker Commercial Devonshire Realty

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Additional Information

Name
Blake Pryor
License
475159138
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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