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    400 W Monroe St, Unit 301 Springfield, IL 62704

    Sponsored
    For Lease
    Contact for pricing

    COMMERCIAL - Springfield, IL

    Days on Market:
    309
    Last Refresh:
    Jan 8 at 2:06 pm

    Property Features for 400 W Monroe St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    14330207022
    Parking
    10

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Radiant Ceiling, Forced Air, Radiant, Natural Gas, Ceiling, Zoned
    Cooling system
    Multi Units, Central Air

    Building Details

    Year built
    1989
    Floors in Building
    4
    Flooring type
    Concrete, Carpet
    Building materials
    Brick, Steel Frame, Aluminum Siding
    Roof type
    Membrane

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

    Listing agent Tom Frost

    Listing date Mar 6, 2025

    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 2,695 square foot office space is configured with 9 private offices, 2 conference rooms, and a reception area. It features common handicapped-accessible restrooms. The lease is gross, with the tenant's only additional expense being communications (internet/phone). The Class A building is equipped with a monitored wet sprinkler system. The exterior features brick and steel I-beam construction, while the interior walls are constructed with metal studs. 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 parking area under the building's cover. Commercial heating and cooling plants serve the 3rd floor, separate from the 2nd and 4th floors. The property is located in Springfield, IL.
    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 - 2,695 SF office with 9 private offices, conference rooms.
    Where is this office space located?
    The property is located at 400 W Monroe St, Unit 301 Springfield, IL.
    What are key features of this property?
    This property features: - Class A building featuring 2,695 sq ft of office space with 9 private offices and 2 conference rooms.; - Gross lease structure with minimal additional expenses.; - Ample on-site parking with 175 assigned spaces.
    (217) 787-7000
    Request Owner's contact information
    400 W Monroe St, Unit 301 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, Unit 301 Springfield, IL 62704
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