Property Description

Exceptional redevelopment and investment opportunity in the heart of Downtown Springfield! Situated on approximately 1.94 acres, this iconic five-story property offers approximately 100,000 SF of space-roughly 20,000 SF per floor--along with the infrastructure and flexibility to accommodate a wide range of possibilities. Each floor features approximately 12-foot ceilings, a sprinkler system, and approximately 20-foot column spacing, providing flexibility for open and adaptable floor plans. Building access includes a passenger elevator, a freight elevator with an impressive 16,000-lb capacity, substantial stair access to all five floors, and rooftop access. Additional features include fiber running into the building, heavy power, rooftop A/C, two exterior loading docks, approximately 120 parking spaces, and a roof that was fully replaced in 2020 with a Duro-Last roofing system and gravel application. Located in a designated Opportunity Zone and positioned in a prime downtown location, this property offers exceptional visibility and convenient access to Downtown Springfields businesses, government offices, restaurants, retail, entertainment, and cultural amenities. The scale, location, infrastructure, and flexible configuration create tremendous potential for continued commercial or industrial-related use or future redevelopment. Possible concepts may include mixed-use development, loft-style residential, hospitality, office, creative workspace, and more. A truly unique opportunity to reimagine approximately 100,000 SF in the heart of Downtown Springfield. Buyer to independently verify zoning, permitted uses, Opportunity Zone benefits, building requirements, square footage, acreage, and feasibility of any intended use or redevelopment plans with the appropriate authorities and professional advisors.

Property Features