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427 E Monroe St 18,000 SF 90% Leased Office Building Springfield, IL 62701 $650,000 ($36.11/SF)
EXECUTIVE SUMMARY
Excellent office space located on a prime corner in downtown Springfield. Third floor suites available. Ideal location for lobbyist, attorney, architect, accountant or any other professional needing downtown office space.
Ground level bar/restaurant available! 6,000 sq. ft. of entertainment space featuring an open floor plan, 2 bars, a stage, and 2 outdoor seating areas. Bar fixtures must be negotiated separately with the current tenant.
Other reputable tenants in the building. Call for more leasing details.
Listing agent has a financial interest in the property.
Area
Property is located on the corner of 5th and Monroe in the heart of downtown Springfield. Just 3 blocks from the State Capitol and Amtrak station, next door to the post office and 3 banks are within 1-2 blocks. Multiple restaurants and gift shops also minutes away. Building is approx. 1 mile to Memorial Medical Center, St. John’s Hospital and other facilities in the Medical District.
Ground level bar/restaurant available! 6,000 sq. ft. of entertainment space featuring an open floor plan, 2 bars, a stage, and 2 outdoor seating areas. Bar fixtures must be negotiated separately with the current tenant.
Other reputable tenants in the building. Call for more leasing details.
Listing agent has a financial interest in the property.
Area
Property is located on the corner of 5th and Monroe in the heart of downtown Springfield. Just 3 blocks from the State Capitol and Amtrak station, next door to the post office and 3 banks are within 1-2 blocks. Multiple restaurants and gift shops also minutes away. Building is approx. 1 mile to Memorial Medical Center, St. John’s Hospital and other facilities in the Medical District.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
18,000 SF
Building Class
C
Year Built
1950
Price
$650,000
Price Per SF
$36.11
Percent Leased
90%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
4,500 SF
Building FAR
1.29
Lot Size
0.32 AC
Zoning
S-3
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Great downtown location at the corner of 5th and Monroe. Third floor suite available with 3-4 private offices, possible conference room and storage. Property is agent owned.
Suite available on the 3rd floor consisting of 2 rooms-one reception area and one large office with views of the Old State Capitol. Agent owned.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 3,000-6,000 SF | Retail | Full Build-Out | 60 Days |
| 3rd Fl-Ste 301 | 1,000 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 302 | 750 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 3,000-6,000 SF |
| Space Use |
| Retail |
| Condition |
| Full Build-Out |
| Available |
| 60 Days |
3rd Fl-Ste 301
| Size |
| 1,000 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 302
| Size |
| 750 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 3,000-6,000 SF |
| Space Use | Retail |
| Condition | Full Build-Out |
| Available | 60 Days |
3rd Fl-Ste 301
| Size | 1,000 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Great downtown location at the corner of 5th and Monroe. Third floor suite available with 3-4 private offices, possible conference room and storage. Property is agent owned.
3rd Fl-Ste 302
| Size | 750 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Suite available on the 3rd floor consisting of 2 rooms-one reception area and one large office with views of the Old State Capitol. Agent owned.
1 1
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 14-34.0-107-035 | Improvements Assessment | $2,694 |
| Land Assessment | $4,953 | Total Assessment | $7,647 |
PROPERTY TAXES
Parcel Number
14-34.0-107-035
Land Assessment
$4,953
Improvements Assessment
$2,694
Total Assessment
$7,647
1 of 37
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
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427 E Monroe St
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