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Bar and Pub Space with Stage
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427 MONROE Street, Springfield, IL 62701

Commercial Lease, Springfield, IL

Space Size6,000 SF
Lot Size0.50 Acres
Days on Market668

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

Amenities

open floor plan
bar
stage
outdoor seating area

Building Details

Floors in Building 4
Flooring type Carpet, Tile
Building materials Brick, Frame
Roof type Membrane
Listing Agency: The Real Estate Group, Inc.
Listed By: Curtis Tillett · License #475089421
Added: Nov 15, 2024 Changed: Sep 7 Last Checked: Sep 14 at 6:06PM
MLS# CA1033142

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 ground-level bar and pub space contains 6,000 square feet of entertainment area with an open floor plan, two separate bar areas, a stage, and two outdoor seating areas. The layout may be divided because the bar areas are configured separately. Interior finishes include carpet and tile, with forced-air heating and central air conditioning. The building features brick and frame construction, a membrane roof, and public sewer service.

The property is located at the corner of 5th and Monroe in downtown Springfield, Illinois. It occupies a 0.5-acre parcel and carries S-3 zoning. The existing configuration supports a flexible entertainment-oriented layout with indoor and outdoor areas.

Key Highlights

  • 6,000 square feet of entertainment space
  • Two separate bar areas allow the space to be divided
  • Open floor plan with a stage

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
Well-served
Demand for This Use

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
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • The Blueprint Bar & Grill 816 S 11th St, Springfield, IL 62703
  • Rawls Lounge 1231 E Cook St, Springfield, IL 62703
  • Mac's Lounge 1231 E Cook St, Springfield, IL 62703
  • Unique's Bar & Grill 1231 E Cook St, Springfield, IL 62703
  • Boone's 301 W Edwards St, Springfield, IL 62704

Frequently Asked Questions

What type of property is this?
Bar & Pub - Ground-level entertainment space offers an open layout, two bar areas, a stage, and outdoor seating.
Where is this bar & pub located?
The property is located at 427 MONROE Street Springfield, IL.
What are key features of this property?
This property features: 6,000 square feet of entertainment space; Two separate bar areas allow the space to be divided; Open floor plan with a stage
More about this property
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