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For sale
Office Units
IL
Springfield
62701
427 MONROE Street

Corner Mixed-Use Commercial Building

427 MONROE Street, Springfield, IL 62701

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For Sale

$600,000

COMMERCIAL - Springfield, IL

Lot size:

0.50 Acres

HighLights

Third‑floor office suites available in a downtown Springfield building on the corner of 5th and Monroe
Ground‑level retail space available, plus 6,000 sq. ft. entertainment space with open floor plan
Entertainment space includes 2 bars and a stage, with 2 outdoor seating areas
Building services include forced air heating and central air cooling
Utilities include public sewer
Construction materials: brick and frame; roof is membrane

We can help!

Contact an agent

Curtis Tillett

For Sale

$600,000

COMMERCIAL - Springfield, IL

Lot size:

0.50 Acres

Added:: Dec 1, 2024
Days on Market:: 573
Last Refresh:: Jun 27 at 5:06 pm

Property Features for 427 MONROE Street

General Information

Property type: Commercial Sale
Property subtype: Other
Zoning: S-3
Standard status: Active
APN: 14340107051
Lot size: 0.50 Acres

Taxes and HOA fees

Tax Year: 2024
Tax Annual Amount: 23059

Utilities

Sewer type: Public Sewer
Heating system: Forced Air
Cooling system: Central Air

Building Details

Floors in Building: 4
Flooring type: Carpet, Tile
Building materials: Brick, Frame
Roof type: Membrane

We can help!

Contact an agent

Curtis Tillett

Listing agent Curtis Tillett License #475089421

Listing office The Real Estate Group, Inc. 3701 West Wabash, Springfield, IL

Listing date Dec 1, 2024

MLS# CA1034952

HighLights

Third‑floor office suites available in a downtown Springfield building on the corner of 5th and Monroe
Ground‑level retail space available, plus 6,000 sq. ft. entertainment space with open floor plan
Entertainment space includes 2 bars and a stage, with 2 outdoor seating areas
Building services include forced air heating and central air cooling
Utilities include public sewer
Construction materials: brick and frame; roof is membrane

Overview

This mixed-use commercial building includes third-floor office suites and ground-level retail space. The property also features approximately 6,000 square feet of entertainment space configured with an open floor plan, two bars, a stage, and two outdoor seating areas. Multiple office and retail uses can be accommodated within the building, supporting a range of professional and hospitality tenants.

The building is located on a corner in downtown Springfield at 427 Monroe Street, on the corner of 5th and Monroe. It is about three blocks from the State Capitol and Amtrak station, with the post office next door and three banks within roughly 1–2 blocks. Area amenities include multiple restaurants and gift shops, and the medical district is approximately one mile away.

Given the combination of professional office space, street-level retail, and entertainment/event-ready areas, this property can fit a variety of operators looking for a centralized downtown presence. The existing building structure and tenant mix described in the remarks may be well-suited for professional firms such as legal, accounting, or architectural uses, as well as for retail concepts requiring a high-visibility location and hospitality groups seeking dedicated entertainment space.

Property Profile Location Intelligence

Current Use by Public Records

Brown Management Corp. Business Management Consultant Coldwell Banker Commercial ... Real Estate Agency Upper Echelon Marketing ... Advertising Agency Veloxinet Telecommunications Service Kristi Mitchell Photography Photography Service

Suggested Use

Location Insight

Map
Local Demand

City: Springfield
County: Sangamon
State: Illinois
Longitude: -89.649721
Latitude: 39.799663

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For sale
Office Units
IL
Springfield
62701
427 MONROE Street

What type of property is this?

Office units - Corner building offers third-floor office suites and ground-level retail and entertainment space in downtown Springfield.

Where is this office units located?

The property is located at 427 MONROE Street Springfield, IL.

What is the asking price?

The asking price for this property is $600,000.

What are key features of this property?

This property features: Third‑floor office suites available in a downtown Springfield building on the corner of 5th and Monroe; Ground‑level retail space available, plus 6,000 sq. ft. entertainment space with open floor plan; Entertainment space includes 2 bars and a stage, with 2 outdoor seating areas

427 MONROE Street, Springfield, IL 62701

COMMERCIAL - Springfield, IL

Property Features for 427 MONROE Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Versatile Commercial Property, Springfield, IL

Spacious Office Building, Springfield, IL

Multi-Purpose Building with Basketball Court

Warehouse & Flex Distribution Facility

Versatile Commercial Property in Springfield

Springfield Industrial Park Warehouse Building

Springfield Strip Mall For Sale

Indoor Trampoline Entertainment Facility

Well-Maintained Office Building

Class A Office Building with Elevator Access

Warehouse with Multiple Overhead Doors

Multi-Unit Office and Retail Building

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