Views: 1 DOM: 220 Updated: 11.28.23 Posted: 05.04.23 Status: Active


Price $3,090,400
Built/Renov 1989
Tenant State of Illinois - Department of Veterans Affairs
Cap Rate 8.75%
Lease Type Modified Gross
Guarantor Corp Rated
Size/SF 20,782
Lease Start 01-01-2022
#Units 103
Price/SF $148.71
Expiration 12-31-2026
Tenant Type Government
NOI $270,410
R. Term 3.0
Ownership Fee Simple
Rent/SF $13.01
Increases 0.0%/3/yrs
Pop 5Mi 121,186
Lot/AC 1.27
Options 0/0yrs
AHHI 5Mi $70,904

Lease Highlights

  • IDVA has occupied property since 2009
  • Tenant has over 3.5 years remaining in the current term and no remaining options
  • Lease features rent changes in Year 3 & Year 5. *See OM*
  • Modified Gross lease | Landlord responsible for general maintenance
  • HVAC replaced within the last 3-5 years
  • New roof (2022)

Location Description

The 6 State of Illinois buildings & The Illinois Coalition Against Domestic Violence building are available as a portfolio or individually. They are strategically positioned three blocks south of the Illinois State Capitol Building. The portfolio is surrounded by a number of state-tenanted buildings such as CyberDrive Illinois, the Illinois State Museum, the Archives, the Library, the Attorney...



  • 1 Mile
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  • 5 Miles


About Tenant

The Illinois Department of Veterans’ Affairs (IDVA) is the department of the Illinois state government that assists veterans and their families in navigating the system of federal state and local...



  1 Miles 3 Miles 5 Miles
2028 Total Population : 12,848 79,767 119,338
2023 Total Population : 13,100 80,813 120,289
2023 Employed Civilian Pop : 6,361 36,829 56,169
2023 Total Businesses : 1,556 4,248 6,102
2023 Average Household Income : $ 69,110 $ 70,659 $ 81,338
2023 Total Consumer Spending : $ 400 M $ 2322 M $ 3865 M
2023 Median Age : 37 39 41
2023 Total Households : 6,599 37,522 54,665
2023 Pop Age 25+: Bachelor's Degree : 2,007 9,992 17,145
2023 Average Home Value : $ 159,978 $ 165,310 $ 186,140
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
W Canedy St Spring St 2017 600 0.06 mi
W Lawrence Ave S College St 2017 5,100 0.08 mi
Spring St W Canedy St 2017 2,550 0.08 mi
S College St W Canedy St 2017 550 0.09 mi
S College St W Cook St 2017 1,050 0.13 mi
S Pasfield St Fayette Ave 2017 600 0.13 mi
W Scarritt St Spring St 2017 550 0.14 mi
E Lawrence Ave S 2nd St 2017 5,400 0.15 mi
S Pasfield St W Lawrence Ave 2003 8,600 0.15 mi
W Cook St Spring St 2017 6,400 0.16 mi

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