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    400 W Monroe St Springfield, IL 62704

    For Lease
    Contact for pricing

    Commercial - Springfield, IL

    Property size:
    70,561 SF
    Days on Market:
    274
    Last Refresh:
    Dec 5 at 11:06 pm

    Property Features for 400 W Monroe St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    14330207022
    Parking
    4
    Size
    70,561 SF

    Utilities

    Heating system
    Forced Air, Hot Water (Heating), Natural Gas, Zoned (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1989
    Flooring type
    Carpet, Concrete
    Building materials
    Aluminum Siding, Brick, Steel Siding
    Roof type
    Membrane
    Architectural style
    Other

    The Real Estate Group, Inc. (217) 787-7000 [email protected]

    Listing agent Tom Frost (217) 787-7000 License #475086838

    Listing date Mar 7, 2025

    MLS# CA1034742 Listing URL

    Copyright © 2025 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Springfield Office Space for Rent

    This 1,638 square foot office space is located on the second floor of a Class A building. The suite is currently configured with three private offices, two of which have windows. There is potential to create a fourth private office while still maintaining ample open space suitable for a receiving area or cubicles. Common, handicapped-accessible restrooms are located just outside the back door of the suite. The lease is a gross lease, with the tenant's only additional ongoing expense being communications, such as internet and phone services. The building features brick and steel I-beam exterior construction, combined with metal stud interior walls, and is equipped with a monitored wet sprinkler system. On-site parking is available for 175 vehicles in assigned spaces. All floors are accessible via two elevators, in addition to three stairways, two of which lead directly from the covered parking area. The second floor is served by commercial heating and cooling plants, separate from those serving the third and fourth floors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    US Secret Services Federal Government Office Appellate Defender Attorney Illinois Auditor General State Government Office Chemical Industry Council ... Chemical Industry Illinois Juvenile Defender ... Consultant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.65905
    Latitude
    39.799285

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    FAQs

    What type of property is this?
    Office space - 1,638 SF office space available in Springfield, Illinois.
    Where is this office space located?
    The property is located at 400 W Monroe St Springfield, IL.
    What are key features of this property?
    This property features: - Gross lease with communications as the only additional tenant expense.; - Class A building with brick & steel I-beam construction.; - On-site parking for 175 vehicles.
    (217) 787-7000
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    400 W Monroe St Springfield, IL 62704
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    Springfield, IL 62704
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    400 W Monroe St Springfield, IL 62704
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