Tuesday, January 26, 2010

Property of the day: 5th street and Capitol

3 Blocks From Illinois State Capitol
Available for Lease or Purchase
"AS IS" or "Developed"






"As Is"
  • Above Grade: +/- 46,348 SF
  • Finished Basement: +/- 22,500 SF
  • Land Area: +/- 32,028 SF
  • Parking: 12 On Site Parking
  • Zoning: City S-3 / Central Shopping District
  • Elevator: One Passenger- 4,000 lb capacity - 4 landings
  • Age of building.. Sanctuary: built 1979 ; Education building: built 1968
  • Formally First United Methodist Church Worship and Education Campus
  • Cost of construction approx $3.6 Million.
  • Special Incentives: Tax Increment Financing District
  • Real Estate Taxes: Currently exempt

















"Developed"
  • Above Grade: +/- 34,000 SF
  • Per Floor: +/- 10,800 SF
  • Finished Basement: +/- 13,000 SF
  • Land Area: +/- 32,028 SF
  • Parking: 39 Spaces On Site
  • Zoning: City S-3 / Central Shopping District

Development Plan Includes:

  • Removal of Sanctuary to create on site parking - see brochure for parking plan
  • Interior demolition of current demising walls
  • Upgrade of restrooms
  • New HVAC systems
  • New exterior windows
  • New roof
  • Addition of building lobby area
  • Upgrade of elevator

Remarks

  • first floor and basement level are suitable for retail, banking or office space.
  • floors 2 & 3 more suitable as class "A" office space with a spectacular view of Illinois State Capitol.
  • Capitol Avenue will under go a street scape plan similar to the attached drawing.

Availability of Developed Property

  • Approximately 10 months from issuance of building permit and execution of lease or purchase agreement
  • owner of building under a lease scenario will be licensed real estate listing broker.
Click here for a Full brochure or visit out website at http://www.naitrue.com/ for a complete list of our properties and full brochures.



Listing Broker:






Sam Nichols
Sam@naitrue.com
217 494 0800
217 787 2800

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