Value Add | Three Office Building Portfolio - Illinois

Highlights:

• Central, irreplaceable location: All (3) Office Buildings sit in Springfield’s historic core, within walking distance of the State Capitol and civic landmarks.
• Government-anchored demand: State agencies and related firms dominate employment in Springfield, supplying steady, creditworthy tenancy for office space.
• Contiguous urban scale: The (3) properties and parking lots combine to form a campus-like footprint, giving a single investor control over a downtown block.
• Proximity to culture & events hub: The nearby Bank of Springfield Center convention/event arena draws traffic downtown. This supports ancillary demand for retail, services,and flexible office-type tenants.

Description:

Ri Marketplace Online Auction February 16th-18th, 2026
Register to bid on Marketplace:

https://rimarketplace.com/auction/2900/value-add-three-office-building-portfolio-illinois?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=office_2900

Marcus & Millichap is pleased to present The Springfield Capitol District Office Portfolio. The Springfield Capitol District Office Portfolio comprises three office buildings and multiple contiguous lots creating a substantial critical mass in the heart of Illinois’ state capital. The properties form a cohesive urban campus within blocks of the Illinois State Capitol and the broader Capitol Complex, placing tenants at the center of state government and major employers.

Positioned within the Springfield Historic District and immediately proximate to the Old State Capitol, Abraham Lincoln Presidential Library & Museum, and the Bank of Springfield Center convention arena, the portfolio benefits from a steady stream of government employees, visitors, and convention traffic that support downtown restaurants, services, and hospitality.

424 South 5th Street “The Bell Building”, is a four (4) story building totaling 20,448 SF ( 89.76% occupied by the Illinois Department of Central Management. 500 E Monroe Street “The Bucari Building”, is a six (6) story building totaling 88,511 SF and 0% occupied and 509 S 6th “The Ridgley Building” is a twelve (12) story building totaling 57,185 SF and 0% occupied. Both buildings have previously housed key State of Illinois agencies highlighting the portfolio’s potential appeal to long-term, investment grade public-sector tenancy.

Offered as a single portfolio, the Springfield Capitol District Office Portfolio provides investors with a rare opportunity to control a full block-plus footprint in the city’s most irreplaceable location, with multiple clear business plans ranging from continued government-oriented office leasing to staged adaptive reuse.


Scott Bowers
c/o Fisher Auction Company Inc.
License: 040000273
The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

Documents: