1500 N 5TH Street

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1500 N 5TH Street

Springfield, IL 62702
Asking Price
$525K
Asset Type
Traditional Office Office
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Traditional office property located in Springfield Illinois
  • Asset offered for sale at a price of 525000 dollars
  • Functional workspace suitable for professional service tenants
  • Located in the primary government and economic hub of Illinois
  • Positioned within an established commercial corridor at 1500 N 5th Street

What's Special

This office space at 1500 N 5th Street in Springfield, Illinois, is available for sale, presenting a practical acquisition for owner-occupants or investors seeking traditional office inventory. The property provides a functional layout suitable for a wide variety of professional service firms or administrative headquarters. Springfield serves as the state capital and a central hub for government, healthcare, and educational sectors, offering a stable economic environment within the regional Midwest market. The location maintains accessibility to key local infrastructure, supporting business operations that rely on proximity to downtown administrative centers. With its straightforward design, this asset offers a flexible footprint for businesses looking to establish or expand their presence in the capital city. Its scale and configuration provide a solid foundation for long-term commercial use in an established urban corridor.

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NOI
$80,000
Cap Rate
15.24%
DSCR
2.57
Strong
Cash-on-Cash
31.00%
Monthly Payment
$2,597.414
Annual Cash Flow
$48,831.037

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