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    427 Monroe St, Unit unit Ground Level Springfield, IL 62701

    Sponsored
    For Lease
    Contact for pricing

    COMMERCIAL - Springfield, IL

    Lot size:
    0.50 Acres
    Days on Market:
    28
    Last Refresh:
    Jan 8 at 1:06 pm

    Property Features for 427 Monroe St

    General Information

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

    Utilities

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

    Building Details

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

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

    Listing agent Curtis D Tillett

    Listing date Dec 12, 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

    Downtown Springfield Bar/Restaurant Space

    Located in downtown Springfield, this ground-level commercial space is suitable for a bar or restaurant. The property offers 6,000 square feet of entertainment space, featuring an open floor plan, two bars, and a stage. There are also two outdoor seating areas. The space can be divided, as there are two separate bar areas. The property is located at the corner of 5th and Monroe, in Springfield, IL 62701. The lot size is 0.5 acres. The zoning is S-3.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Brown Management Corp. Business Management Consultant Coldwell Banker Commercial ... Office Space Rental Agency Upper Echelon Marketing ... Marketing Agency Veloxinet Internet Service Provider Kristi Mitchell Photography Photographer

    Suggested Use

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

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

    Similar Places Nearby

    Rawls Lounge, The Blueprint Bar & Grill, Mac's Lounge, Unique's Bar & Grill, Boone's

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.649721
    Latitude
    39.799663

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    FAQs

    What type of property is this?
    Bar - 6,000 SF bar/restaurant with stage and outdoor seating.
    Where is this bar located?
    The property is located at 427 Monroe St, Unit unit Ground Level Springfield, IL.
    What are key features of this property?
    This property features: - Prime downtown location at the corner of 5th and Monroe.; - Boasts 6,000 sq. ft. of entertainment space.; - Features an open floor plan, stage, and 2 bars.
    (217) 553-7022
    Request Owner's contact information
    427 Monroe St, Unit unit Ground Level Springfield, IL 62701
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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
    427 Monroe St, Unit unit Ground Level Springfield, IL 62701
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