Illinois Business Center
400 W Monroe St, Springfield, IL 62704, USA

$3,000,000· Multi Tenant (Available)

Investment Highlights

  • Government anchored office building occupied by multiple tenants operating on gross leases
  • The State of Illinois received a credit upgrade in June 2021 to Baa2 from Baa3 by Moody’s
  • The building is strategically positioned two blocks from the Illinois State Capital Building
  • Surrounded by a number of state-tenanted buildings
  • Property was recently upgraded with over $77,000 in tenant improvements
  • 4 tenants occupy 19,528-square-feet of the properties 59,829-square-feet total rentable building area
  • Great value add opportunity
  • Excellent Demographics (170,000 Residents-$87,000 AHHI)
  • Two points of ingress/egress

Location

Agent

Jeff Rowlett

jeff.rowlett@marcusmillichap.com
262 364 1924

Jeff Rowlett is a leading Investment Advisor at Marcus & Millichap serving private capital investors in Chicago, Milwaukee and nationwide. Mr. Rowlett is widely recognized as a leading investment properties specialist. His expertise is in understanding the capital markets, knowing..

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