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Third-Floor Office Suite
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427 Monroe Street #302, Springfield, IL 62701

Two-room office layout with reception and a private office in a downtown Springfield setting.

Space SizeContact for details
Property Size18,000 SF
Days on Market843

Property Features for 427 Monroe Street #302

General Information

Standard status Active
Size 18,000 SF
Zoning S-3
Lease Type Gross

Space & Availability

Floor 3
Space Use Office
Private Offices 1

Taxes and HOA fees

Annual Taxes $20,562

Building Details

Building Size 18,000 SF
Listing Agency: The Real Estate Group, Inc.
Listed By: Curtis Tillett · License #475089421
Source: Shawneehillsrealestate
Added: May 1, 2024 Changed: Aug 16 Last Checked: Aug 20 at 1:27PM

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 750-square-foot office unit occupies the third floor at 427 Monroe Street, Suite 302. The layout includes a reception room and a separate private office, providing a straightforward configuration for professional operations. The property carries S-3 zoning.

The building sits at the corner of 5th and Monroe in downtown Springfield, with views toward the Old State Capitol. The suite is available for rent.

Key Highlights

  • 750 SF third‑floor office unit
  • Two‑room layout with reception and private office
  • S‑3 zoning

Property Analytics

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

3,522
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

Market

Lease Benchmarks for Springfield, IL

$40.65 /SF/Yr
Avg Asking Price
$6.5–$150 /SF/Yr
Price Range
2,527 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 - Two-room office layout with reception and a private office in a downtown Springfield setting.
Where is this office units located?
The property is located at 427 Monroe Street #302 Springfield, IL.
What are key features of this property?
This property features: 750 SF third‑floor office unit; Two‑room layout with reception and private office; S‑3 zoning
More about this property
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