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Third-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 Market709

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: Nov 1, 2024 Changed: Oct 7 Last Checked: Oct 10 at 7:06PM
MLS# CA1033036

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.

The third-floor office suite at 427 Monroe Street provides a compact professional setting with reception space, a private office, and storage. The layout can also accommodate two to three offices, offering flexibility for different workspace arrangements. Interior finishes include carpet and tile, with forced-air heating and central air conditioning.

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

Key Highlights

  • Third‑floor office suite at 427 MONROE Street
  • Three‑room layout with reception, private office, and storage
  • Alternative configuration for 2‑3 offices

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 - Flexible workspace includes reception, a private office, and storage areas within a multi-room layout.
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: Third‑floor office suite at 427 MONROE Street; Three‑room layout with reception, private office, and storage; Alternative configuration for 2‑3 offices
More about this property
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