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Class A Office Suite
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400 W Monroe Street #Suite 301, Springfield, IL 62704

Professional suite with private offices, conference rooms, covered parking, and elevator access in a multi-story office building.

Space Size2,695 SF
Property Size70,561 SF
Days on Market523

Property Features for 400 W Monroe Street #Suite 301

General Information

Standard status Active
Size 2,695 SF
Net Rentable 2,695 SF
Class A
Total Parking Spaces 10
Elevators Yes
Lease Type Gross

Space & Availability

Available Space 2,695 SF
Contiguous Space 2,695 SF
Space Use Office
Private Offices 9
Meeting Rooms 2

Additional Details

Sprinkler System Yes

Taxes and HOA fees

Annual Taxes $62,229

Amenities

common handicapped accessible restrooms

Building Details

Building Size 70,561 SF
Year Built 1989
Buildings 1
Construction brick & steel I-beam
Listing Agency: The Real Estate Group, Inc.
Listed By: Tom Frost · License #475086838
Source: Shawneehillsrealestate
Added: Mar 3, 2025 Changed: Aug 8 Last Checked: Aug 8 at 12:08PM

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 2,695-square-foot office suite at 400 W Monroe Street, Suite 301, provides nine private offices, two conference rooms, and a reception area. Common restrooms are handicap accessible, while the building features monitored wet sprinklers, brick and steel I-beam exterior construction, and metal stud interior walls. Separate commercial heating and cooling plants serve the third floor apart from the second and fourth floors.

The 1989 building offers two elevators and three stairways, including two covered stairway connections from the parking area. On-site parking includes 175 assigned spaces. The lease structure is gross, with communications services such as internet and phone identified as the only additional tenant expense.

Key Highlights

  • 2,695 SF office suite with 9 private offices, 2 conference rooms, and reception area
  • Class A building constructed in 1989
  • 175 on‑site assigned parking spaces

Property Analytics

Current Use

US Secret Services Federal Government Office Appellate Defender Law Firm Illinois Auditor General State Government Office Chemical Industry Council ... Chemical Plant Illinois Juvenile Defender ... Consultant

Suggested Use

Top Pick HVAC Service Storage Facility Auto Parts Store (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Real Estate Agency

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

Yes
Sprinkler system
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,717
Businesses Nearby

Demographics for 62704, IL

39,157
Population
20,706
Households
1.9
Avg Household Size
40
Median Age
42%
College-Educated
95%
High-School Grad
12.2 sq mi
ZIP Area
3,210
Density / Sq Mi
$66,352
Median Household Income
$44,793
Median Earnings
$924
Median Rent
$166,900
Median Home Value

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 - Professional suite with private offices, conference rooms, covered parking, and elevator access in a multi-story office building.
Where is this office units located?
The property is located at 400 W Monroe Street #Suite 301 Springfield, IL.
What are key features of this property?
This property features: 2,695 SF office suite with 9 private offices, 2 conference rooms, and reception area; Class A building constructed in 1989; 175 on‑site assigned parking spaces
More about this property
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