Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace: https://rimarketplace.com/auction/2900 This Two-Building Office portfolio totals 109,504 SF and consists of the Bucari Building (89,056 SF) and the Bell Building (20,448 SF) and offers an investor/redeveloper the opportunity to acquire two prime, historic office buildings located in the Springfield Capitol District, a cohesive urban campus in the heart of Illinois’ State capital. The Springfield Historic District is just steps from the Illinois State Capitol Building, Old State Capitol, Abraham Lincoln Presidential Library & Museum, and the Bank of Springfield Center. These two buildings benefit from steady government, visitor, and convention traffic. Historically home to key State of Illinois agencies, the Bell Building at 424 South Fifth Street underscores the portfolio’s appeal to long-term, investment-grade public-sector tenants. The Bell Building is occupied by the State of Illinois’ Department of Central Management on a long-term lease with an option to extend on August 31, 2028. The Bucari Building located at 509 South 6th Street is currently vacant, with re-stabilization strategies ranging from continued government-oriented leasing to adaptive reuse. For redevelopment, this location provides investors with a rare opportunity to control a footprint in Springfield’s most irreplaceable downtown location, and to answer the call for what Springfield needs most right now: available, affordable, multifamily housing. Springfield, the largest city in central Illinois (population 112,544), is anchored by government, healthcare, education, and tourism. Major employers include the State of Illinois, Memorial Health, and the University of Illinois. Tourism is driven by Abraham Lincoln landmarks, while connectivity is enhanced by Interstates 55 and 72 and the nearby Abraham Lincoln Capital Airport, serving over 186,000 passengers annually.