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Second-Floor Office Suite
For Lease
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427 MONROE Street, Springfield, IL 62701

Commercial Lease, Springfield, IL

Space SizeContact for details
Lot Size0.50 Acres
Days on Market554

Property Features for 427 MONROE Street

General Information

Property type Commercial Lease
Property subtype Other
Zoning S-3
Directions Northwest corner of 5th and Monroe
Standard status Active
APN 14340107051
Lot size 0.50 Acres

Taxes and HOA fees

Tax Annual Amount 20562

Utilities

Sewer type Public Sewer
Heating system Forced Air
Cooling system Central Air

Building Details

Floors in Building 4
Flooring type Tile, Carpet
Building materials Brick, Frame
Roof type Membrane
Listing Agency: The Real Estate Group, Inc.
Listed By: Curtis Tillett · License #475089421
Added: Apr 1, 2025 Changed: Sep 16 Last Checked: Oct 6 at 5:06AM
MLS# CA1035427

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 second-floor office suite provides a primarily open interior layout with a separate small storage room. Existing finishes include carpet and tile flooring, while forced-air heating and central air conditioning support year-round occupancy. The building incorporates brick and frame construction with a membrane roof.

Positioned at the corner of 5th and Monroe in downtown Springfield, the suite offers views of the Old State Capitol. The property is served by public sewer and carries S-3 zoning.

Key Highlights

  • Second‑floor office suite with a large open area
  • Small storage room included within the suite
  • Views of the Old State Capitol

Property Analytics

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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

3,451
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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
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Frequently Asked Questions

What type of property is this?
Office units - Open-plan commercial space includes a storage room and views of the Old State Capitol.
Where is this office units located?
The property is located at 427 MONROE Street Springfield, IL.
What are key features of this property?
This property features: Second‑floor office suite with a large open area; Small storage room included within the suite; Views of the Old State Capitol
More about this property
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