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400 W MONROE Street, Springfield, IL 62704

Commercial Lease, Springfield, IL

Space Size2,695 SF
Days on Market578

Property Features for 400 W MONROE Street

General Information

Property type Commercial Lease
Property subtype Other
Parking 10
Directions Monroe at Pasfield
Standard status Active
APN 14330207022

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 62229

Utilities

Sewer type Public Sewer
Heating system Forced Air, Ceiling, Radiant, Zoned, Natural Gas, Radiant Ceiling
Cooling system Multi Units, Central Air

Amenities

handicapped accessible restrooms
on-site parking

Building Details

Year built 1989
Floors in Building 4
Flooring type Concrete, Carpet
Building materials Brick, Steel Frame, Aluminum Siding
Roof type Membrane
Listing Agency: The Real Estate Group, Inc.
Listed By: Tom Frost · License #475086838
Added: Mar 3, 2025 Changed: Sep 16 Last Checked: Oct 2 at 3:06AM
MLS# CA1034743

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This 2,695-square-foot office suite is arranged with 9 private offices, 2 conference rooms, and a reception area. The property includes shared handicapped-accessible restrooms, carpet and concrete flooring, and a monitored wet sprinkler system. Brick and steel-frame exterior construction supports a 1989 Class A office building with metal-stud interior walls.

The suite is located at 400 W MONROE Street in Springfield, with on-site parking for 175 vehicles in assigned spaces. Two elevators serve all floors, while three stairways provide additional circulation, including two covered routes from the parking area.

A gross lease structure applies, with communications services such as internet or phone identified as the only additional tenant expense. Zoned commercial heating and cooling plants serve the third floor separately from the second and fourth floors, with natural-gas forced air and radiant systems and multi-unit central air.

Key Highlights

  • 2,695 square feet configured with 9 private offices, 2 conference rooms, and a reception area
  • Gross lease with internet or phone as the only additional tenant expense identified
  • On‑site parking for 175 vehicles in assigned spaces

Property Analytics

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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
Gross
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

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
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Professional office space with private rooms, conference facilities, shared accessible restrooms, and covered parking access.
Where is this office units located?
The property is located at 400 W MONROE Street Springfield, IL.
What are key features of this property?
This property features: 2,695 square feet configured with 9 private offices, 2 conference rooms, and a reception area; Gross lease with internet or phone as the only additional tenant expense identified; On‑site parking for 175 vehicles in assigned spaces
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