Springfield's Market Overview 2010-2011

2010- 2011

Springfield, the capitol of Illinois, accounts for approximately half of the population in the metropolitan areas of Sangamon and Menard counties. Springfield’s major employment sectors are government, medical, public service and small business. Money for commercial real estate loans is readily available. Springfield’s current economy has been impacted similar to that of the national economy.

Government is the largest employer in the Springfield area. The two largest private employers in the region are St. Johns Hospital and Memorial Hospital, including SIU School of Medicine. Completed medical developments 2010 include a 50-bed acute care hospital and an orthopedic medical facility with rehabilitation services. During 2010 there have been 4 new construction satellite medical clinics either started or completed and a YMCA facility incorporating some medical services within the facility.

Higher education opportunities include the University of Illinois at Springfield, Southern Illinois University School of Medicine and Lincoln Land Community College. Robert Morris University and Benedictine University at Springfield are the private colleges in the area.

Retail growth in Springfield is recovering slowly with the scheduled opening of Scheels sporting goods chain June, 2011. National chain stores and big-box users like Super Wal-Mart, Menards and Gander Mountain have opened within the past 24 months. Other national chain stores will continue to locate in Springfield. Springfield continues to attract small banks seeking commercial lending opportunities. Farm land sale prices per acre are at a record high, approaching $8,500 per acre. Abraham Lincoln Museum and Library are two prestigious visitor/tourist attractions in Springfield.

Despite the breadth of history, culture and recreational opportunities found in Springfield, the cost of living remains low. Springfield has consistently been one of the most affordable communities in Illinois with robust residential sales in 2010. Recreation opportunities in Springfield are plentiful with over 30 public parks offering tennis courts, ice rings, and swimming pools. There are nine public golf courses, two country club golf courses, indoor/outdoor theatre venues and a 4,235-acre lake.

NEW LISTING

3501 Mayflower, Warehouse B

+/- 4,000 SF FOR LEASE

$1,500 / Per Month Gross Lease

Highlights

• Total SF: +/- 4,000 SF
• Zoning: I-1
• Formerly Used as a Athletics Practice Facility
• +/- 16' Ceilings
• Metal and Wood Construction
• Heated and Air Conditioned
• Utilities Included
• Great West Side Location
• Easy Access to I-72
• Additional +/- 6,500 SF Available On Site

Click here for Full Brochure/Photos

Listing Agent:
Mark A. Hurley
217-494-2854 (direct)
217-787-2800 (office)
Mark@naitrue.com
www.naitrue.com

NEW LISTING

3501 Mayflower, Warehouse A

+/- 6500 SF FOR LEASE

$3,000 / Per Month Gross Lease

Highlights

• Total SF: +/- 6,500 SF
• Zoning: I-1
• Heated Metal Warehouse
• +/- 20' Ceilings
• +/- 18' Overhead Door
• 5 Ton Crane
• Utilities Included
• Great West Side Location
• Easy Access to I-72
• Additional +/- 4,000 SF Available On Site

Click here to view Full Brochure & Photos

Listing Agent:
Mark A. Hurley
217-494-2854 (direct)
217-787-2800 (office)
Mark@naitrue.com
www.naitrue.com

NEW LISTING

623-629E Monroe & 227 S 7th Street

Springfield IL

For Sale:

623-629 E Monroe & 227 S 7th St

List Price: $395,000.00

Highlights:

• Building Sizes:
  623 Monroe:
  1st Floor: +/- 5,400 SF
  2nd Floor: +/- 6,300 SF
  Basement: +/- 5,400 SF
  
  625-629 Monroe:
  1st Floor: +/- 6,150 SF
  2nd Floor: +/- 6,150 SF
  Basement: +/- 6,150 SF **
  ** Basement area has +/- 5,200 SF finished
• Land Area: +/- 11,678 SF (+/- 100 ft. frontage on Monroe & +/- 90 ft. on S. 7th St.)
• Zoning: City s-3
• 2009 Taxes: $14,775.36
• Assessors Opinion of Value 2009: $578,016.00
  Tax Parcel ID #'s" 14-34-131-031 & 032
• Two connected buildings with 4 addresses
• Building amenities & features assumes both buildings purchased as package.
• There is a three stop elevator and the buildings have a protection sprinkler system.
• Located across the street from a Federal Court Building and City of Springfield Municipal Building and other city, county and federal government agency buildings in the immediate area.
• Zoning allows for commercial, retail, office, and residential.
• Walking distance to hotels, restaurants and retail.
• Private parking garage included.
• Building sizes and land area information was taken from an appraisal.

Click here for full Brochure/Photos/ and Aerial

Listing Agent:
Sam Nichols
217-494-0800 (direct)
217-787-2800 (office)
sam@naitrue.com
www.naitrue.com

NEW LISTING

619-621 E. Monroe

Springfield IL

For Sale:

619-621 E Monroe

List Price: $159,000.00

Highlights:

• Two Story Building Size:
  1st Floor: +/- 4,700 SF
  2nd Floor: +/- 4,700 SF
  Basement: +/- 3,000 SF
  
• Land Area: +/- 6,280 SF (40' X 157')
  
• Zoning: City S-3
  
• 2009 Taxes: $6,507.10
  
• Assessors Opinion of Value 2009: $259,826.00
  Tax Parcel ID: 14-34-131-029
  
• This property is located across from a Federal Court Building and 1/2 block from the city of Springfield Municipal Building, and other city, county, and federal government agencies office buildings in the immediate area.
  
• Zoning allows for Commercial, Retail, Office and Residential.
  
• Walking distance to hotels, restaurants and retail.
  
• Have your business on first floor and residence on second floor.
  
• Private parking garage included.
  
• Building sizes and land area information was taken from an appraisal.
  

Click Here for Full Brochure/ Photos/ Aerial view

Listing Agent:
Sam Nichols
217-494-0800 (direct)
217-787-2800 (office)
Sam@naitrue.com
http://www.naitrue.com/

Feature Property of the Day: 421 South Grand Ave

Premium office space for lease
Quantum Centre
421 W S grand Ave
Springfield, IL

Highlights

• Total SF: 2000- 6000 SF ( located on the first floor)
• Zoning: Office
• Improvements:
2000 SF & New Carpet, Tile, & Paint
4000 SF: Furnished space (see attached floor plan)
• Building offers many amenities including security, atrium and A type Co-tenants.
• Co-tenants include:
Allstate insurance
University of Illinois Chicago Division of Specialized Care for Children
Homebound Healthcare
Rhonda Jenkins- Attorney at Law
• Listing Agent has financial interest.

Lease Price 2,000 SF Unit: $2,250.00 / Mo
Lease Price 4,000 SF Unit: $4,500.00 / Mo

Click here to view full brochure/photos/ floor plan

Listing Agent:
Sam Nichols
217-787-2800 (office)
217-494-0800 (direct)
Sam@naitrue.com
www.naitrue.com

Feature Property of the Day: 1000 Churchill, Springfield IL

FOR SALE: $1,750,000.00
1000 Churchill Road
Springfield d, Illinois

Highlights

• Lease Amount: $185,000.00/ per year (3N)
• Total SF: +/- 15,430 SF
• Land Area: +/- 1.27 Acres
• Zoning: Office
• Formally used as: Sikich CPA Accounting Group
• 2008 Real Estate Taxes: $31,427.00
• Class A office building located just east of Veterans Parkway and 1/2 block north of Jefferson.
• Building interior amenities are numerous including an open two story lobby, versatile floor plan with natural light, private offices around the perimeter of the first floor and part of the second floor.
• There are approximately 75 parking spaces on site and the grounds are nicely landscaped.
• Phone system with updated software stays with the property
• Please see attached floor plan of the building.

Click here to view floor plan/brochure/photos

Listing Broker:
Sam Nichols
Sam@naitrue.com
217-787-2800 - Office
217-494-0800 - Direct
217-787-2802 - Fax
www.naitrue.com

Feature Property of the Day: 2609

FOR SALE OR LEASE

2609 Stevenson Drive

Springfield IL

• Total SF: +/- 10,800 SF
  South end Cap: +/- 2,330 SF
  North end Cap: +/- 3,550 SF
  
• Land Area: +/- 1.81 Acres
  
• Zoning: Retail
  
• Formerly used as a furniture store.
  
• Current Net Income: $50,700
  
• Current Real Estate Taxes: $37,759.42
  
• Assessor’s Opinion of Value: $1,507,743
  
• Patriot Plaza next to Walgreen's on Stevenson Drive
  
• Condition of both End Cap spaces nearly new.
  
• Other tenants in the strip center are Papa Johns Pizza, Wise Financial and H&R Block.
  

Lease Price: South end Cap: $2,428/ Mo 3N
North end Cap: $3,106/ Mo 3N
List Price: $1,250,000.00

Click here for Full Brochure/ Photos

Listing Agent:
Sam Nichols
217-494-0800 -Direct
217-787-2800 -Office
Sam@naitrue.com
www.naitrue.com