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Third-Floor Office Suite with Private Offices
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427 Monroe Street #301, Springfield, IL 62701

Third-floor downtown suite at the corner of 5th and Monroe with four private offices and storage.

Space SizeContact for details
Property Size18,000 SF
Days on Market2741

Property Features for 427 Monroe Street #301

General Information

Standard status Active
Size 18,000 SF

Space & Availability

Floor 3
Private Offices 4

Building Details

Building Size 18,000 SF
Listing Agency: The Real Estate Group, Inc.
Listed By: Curtis Tillett · License #475089421
Source: Craggsrealtors
Added: Feb 1, 2019 Changed: Jul 29 Last Checked: Aug 4 at 1:48PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Real Estate Group, Inc.

Investment Insights

Based on property information with market context.

Third-floor office suite located at the corner of 5th and Monroe in downtown Springfield. The available space includes four private offices and storage, offering a compact layout that can support a range of professional uses.

The suite is in a downtown setting at the intersection location, providing convenient access for clients and staff. Addressed as 427 Monroe Street #301, the space is positioned on the third floor.

This is a smaller, office-oriented suite with a defined private office configuration and dedicated storage space.

Key Highlights

  • Third‑floor office suite at 427 Monroe Street #301
  • Corner location at 5th and Monroe in downtown Springfield
  • Four private offices

Property Analytics

Current Use

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

Top Pick Real Estate Agency Big Box & Wholesale Store Storage Facility HVAC Service Auto Parts Store Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,522
Businesses Nearby

Demographics for 62701, IL

1,354
Population
832
Households
1.6
Avg Household Size
36
Median Age
35%
College-Educated
86%
High-School Grad
0.4 sq mi
ZIP Area
3,385
Density / Sq Mi
$32,444
Median Household Income
$31,472
Median Earnings
$667
Median Rent

Market

Lease Benchmarks for Springfield, IL

$54.66 /SF/Yr
Avg Asking Price
$10–$150 /SF/Yr
Price Range
4,415 SF
Avg Space Size

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Third-floor downtown suite at the corner of 5th and Monroe with four private offices and storage.
Where is this office units located?
The property is located at 427 Monroe Street #301 Springfield, IL.
What are key features of this property?
This property features: Third‑floor office suite at 427 Monroe Street #301; Corner location at 5th and Monroe in downtown Springfield; Four private offices
More about this property
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