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Downtown Office Suite with Parking
For Lease
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217 E Monroe St, Springfield, IL 62701

Office suite in downtown Springfield with gross lease terms and ample street parking nearby.

Space Size2,586 SF
Days on Market558

Property Features for 217 E Monroe St

General Information

Standard status Active
Size 2,586 SF
Property subtype OFFICE
Lease Type Gross

Spaces For Lease

at 217 E Monroe St Contact us

217 East Monroe St $12/SF/Yr

Floor
2
Size
2,586 SF
Type
OFFICE
Lease Type
GROSS
Availability
AVAILABLE, Now
Sublease
No
- Heart of Downtown - Gross Lease Rate - Ample Street Parking - Perfect for Professional...
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Listing Agency: Coldwell Banker Commercial Devonshire Realty
Listed By: Blake Pryor · License #475159138
Source: Moodyscre
Added: Feb 18, 2025 Changed: Aug 8 Last Checked: Aug 28 at 8:12PM

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 Coldwell Banker Commercial Devonshire Realty

Investment Insights

Based on property information with market context.

This downtown office suite is offered on a gross lease basis and is positioned for professional office use. The space size is listed as 2,586 square feet.

The property is described as being in the heart of downtown Springfield and within a high-tourism area. Ample street parking is noted for convenient access.

The listing highlights the area as having the largest city and state employee base.

Key Highlights

  • Office suite located in downtown Springfield
  • Gross lease terms
  • Ample street parking nearby

Property Analytics

Current Use

Freeborn & Peters Law Firm Illinois Rural Health ... Association / Organization Illinois Council of the Blind Charitable Organization State Universities Annuitants ... Charitable Organization United Counties Council ... Charitable Organization

Suggested Use

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

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

Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

3,366
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

$17.3 /SF/Yr
Avg Asking Price
$6.5–$36.02 /SF/Yr
Price Range
2,544 SF
Avg Space Size

This space is priced 31% below the average of $17.3 /SF/Yr.

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 - Office suite in downtown Springfield with gross lease terms and ample street parking nearby.
Where is this office units located?
The property is located at 217 E Monroe St Springfield, IL.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Office suite located in downtown Springfield; Gross lease terms; Ample street parking nearby
(217) 725-9518 Call to check price and availability
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