Join the great migration back to our nation’s downtowns by moving to, or opening your business in, beautiful and historic downtown Springfield, Illinois.
Since the beginning of 2016, our downtown has welcomed more than 30 new businesses (including seven new restaurants) as well as vibrant new ownerships of some favorite establishments.
Downtown is enjoying a resurgence in downtown living, with an $8 million 79-unit apartment complex built and filled within a year and a $1.5 million rehab with nine apartments leased in its first six months. A $10+ million renovation of three adjoining historic buildings into residential and commercial space by a local developer continues at 6th and Monroe and an $8.5 million renovation of a former church into 25 residential apartments and the new headquarters for the Greater Springfield Chamber of Commerce is now underway.
The $15 million renovation of the Illinois Governors Mansion is a key project in the ongoing revitalization of the neighborhood and business district surrounding the state’s capitol. This area is also headquarters for numerous historic sites supporting the Lincoln Legacy, which attract hundreds of thousands of visitors annually.
Other projects in the immediate vicinity of the Mansion that will come online prior to the State’s Bicentennial in 2018 include the Illinois Realtors Association transforming a parking lot into a pedestrian greenway and a $600,000 beautification project by the City of Springfield to add period lighting to the area adjoining the Lincoln Home alongside private individuals renovating 100+ year old homes.
Other opportunities remain for investment and rehabilitation of currently vacant historic buildings.
“We were able to make the project cash flow…due to help from the city with a low interest loan, structuring the tenants to be first floor retail, second floor office and remaining space residential leases. The first few years, while we lived in one of the apartments, we went out to dinner downtown somewhere different every night.” – Gene Gerber, Commercial Developer
Property for Lease
Contemporary downtown storefront available in new construction residential apartment complex (Villas at Downtown Springfield) at full residential capacity. Drive-thru possible. First floor space. Strategically located between the heart of downtown and the Medical District. Many possible uses in this zoning district. The space is still raw for ease of locating plumbing and other services during buildout. Approx. 26′ frontage x 60′ depth. Contact Todd Smith, Managing Broker at 217-441-8000 with Todd P Smith Commercial Real Estate.
Southwest corner of 4th and Adams with interesting architecture. Adams is a growing block, with multiple new building purchases made in the last six months for a variety of retail and professional uses; plus it’s the nexus of the Old Capitol Farmers Market during the summers. Building is equipped with an elevator and most of the heavy lifting (demolition) has been done. The possibilities are limitless with more than 10k square feet. Call Capital Area Real Estate at 217-306-7445.
First floor commercial retail spaces available for lease on heavily trafficked Monroe Street, between 5th and 4th. Contact Realtor Jim Skeeters. BOOTH Building first floor 518 East Monroe Street 40’ X 70’
104 N 6th St – Private urban office located in the Kerasotes Building at 6th & Washington. The 3rd floor single-room office spaces offer a view of the Old State Capitol Plaza. Includes professional co-tenancy, new windows, beautiful terra-cotta exterior, art deco design, and lots of natural light. Site has parking with 2 parking ramps within 1 block and 5 parking ramps within 2 ½ blocks plus on-street parking. Contact Todd Smith, Managing Broker at 217-441-8000 with Todd P Smith Commercial Real Estate.
201 E Adams St – Class A office space adjacent to Sangamo Club, state government complex. Renovated building with open ceiling/exposed brick finish interior. 2 open plan suites (1,534 sf and 2,209 sf) available with shared break room & kitchenette, or they may be combined into 1 large suite (4,682 sf). Owner will consider build-to-suit improvements. Utilities included. On-site storage available. Contact Todd Smith, Managing Broker at 217-441-8000 with Todd P Smith Commercial Real Estate.
600 E Adams St – Class A Quality – Premier Location – Elegance and Charm – Convenient parking facilities. Features include beautiful views of the Old State Capitol Plaza, high ceilings, tall windows giving lots of natural light, and a very functional floor plan. 2nd Floor is available and has approx. 5,000 sf. of gross floor area. Space includes open center work area with perimeter offices. Elevator access and 2 stairwells. Private kitchenette on the floor. Contact Todd Smith, Managing Broker at 217-441-8000 with Todd P Smith Commercial Real Estate.
500 S 9th St – 2-story lobby, high ceilings, and decorated interior areas. High tech security, on-site parking, backup generator, fiber-optic access, large data center are offered. Shared conference/board rooms, a state-of- the-art training center are available at a fee. Newer building with classic design, lots of modern amenities. Spaces range from 1,626 – 5,290 sq ft. Sub-lease opportunity. Contact Todd Smith, Managing Broker at 217-441-8000 with Todd P Smith Commercial Real Estate.