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Three-Lot Parking Parcel Portfolio
For Sale
$225,000

407-417 W MONROE Street, Springfield, IL 62701

Three separate lots are available individually or together across from Springfield High School.

Property SizeContact for details
Days on Market586

Property Features for 407-417 W MONROE Street

General Information

Standard status Active
Total Parking Spaces 51
Property subtype Lots/Land

Taxes and HOA fees

Annual Taxes $6,983
Listing Agency: The Real Estate Group, Inc.
Listed By: Ben Call · License #475139475
Source: Exitrealty
Added: Jan 21, 2025 Changed: Aug 29 Last Checked: Aug 29 at 11:41PM

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.

This offering comprises three separate parking lot parcels, with each parcel providing 17 parking spaces. The lots may be acquired individually or combined as a package, allowing the purchaser to select the preferred configuration.

The parcels are located directly across the street from Springfield High School on W Monroe Street in Springfield. Two adjacent parcels are also available separately and include an office building plus 26 additional parking spaces. The associated tax IDs for the three parking lots are 14-33.0-204-013 and 14-33.0-204-014.

Key Highlights

  • Three separate parking lot parcels available
  • 17 parking spaces per lot
  • Lots may be purchased individually or as a package

Property Analytics

Current Use

Parking lots & garages

Suggested Use

Top Pick Big Box & Wholesale Store Storage Facility HVAC Service Real Estate Agency 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.

Location Intelligence

Trade Area within ½ mile

3,522
Businesses Nearby
Balanced
Demand for This Use

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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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Frequently Asked Questions

What type of property is this?
Parking lot & garage - Three separate lots are available individually or together across from Springfield High School.
Where is this parking lot & garage located?
The property is located at 407-417 W MONROE Street Springfield, IL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Three separate parking lot parcels available; 17 parking spaces per lot; Lots may be purchased individually or as a package
More about this property
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