Third-Floor Office
For Sale
$600,000
427 MONROE Street, Springfield, IL 62701
COMMERCIAL - Springfield, IL
Property Size6,000 SF
Lot Size0.50 Acres
Price / SF$100
Days on Market625
Property Features for 427 MONROE Street
General Information
Property type
Commercial Sale
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 Year
2024
Tax Annual Amount
23059
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Amenities
open floor plan
2 bars
stage
2 outdoor seating areas
Building Details
Floors in Building
4
Flooring type
Tile, Carpet
Building materials
Brick, Frame
Roof type
Membrane
Listing Agency:
The Real Estate Group, Inc.
(217) 787-7000
Listed By:
Curtis Tillett · License #475089421
(217) 553-7022
Added: Dec 1, 2024
Changed: Aug 4
Last Checked: Aug 18 at 1:06AM
MLS# CA1034952
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.
Third-floor office suites are available in this downtown Springfield building with S-3 zoning. The property includes ground-level retail space and is served by public sewer. Interior finishes include tile and carpet flooring. Heating is forced air with central air cooling, and the building has a membrane roof. Construction is brick with frame components.
The building is located on the corner of 5th and Monroe in the heart of downtown Springfield. It is about 3 blocks from the State Capitol and Amtrak station, with the post office next door and multiple banks within 1 to 2 blocks. Memorial Medical Center, St. John’s Hospital, and other facilities in the Medical District are approximately 1 mile away.
One portion of the ground-level space is described as 6,000 SF of entertainment space with an open floor plan, 2 bars, a stage, and 2 outdoor seating areas.
The building is located on the corner of 5th and Monroe in the heart of downtown Springfield. It is about 3 blocks from the State Capitol and Amtrak station, with the post office next door and multiple banks within 1 to 2 blocks. Memorial Medical Center, St. John’s Hospital, and other facilities in the Medical District are approximately 1 mile away.
One portion of the ground-level space is described as 6,000 SF of entertainment space with an open floor plan, 2 bars, a stage, and 2 outdoor seating areas.
Key Highlights
- S‑3 zoning with third‑floor office suites and ground‑level retail space
- 0.5‑acre lot on the corner of 5th and Monroe in downtown Springfield
- About 3 blocks to the State Capitol and Amtrak station
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,366
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - S-3 zoned downtown building offers third-floor office suites with ground-level retail space and public sewer service.
Where is this office units located?
The property is located at 427 MONROE Street Springfield, IL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: S‑3 zoning with third‑floor office suites and ground‑level retail space; 0.5‑acre lot on the corner of 5th and Monroe in downtown Springfield; About 3 blocks to the State Capitol and Amtrak station
