Mixed-Use Property with Entertainment
For Sale
$600,000
427 MONROE Street, Springfield, IL 62701
Commercial Sale, Springfield, IL
Property SizeContact for details
Lot Size0.50 Acres
Days on Market652
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
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: Sep 13
Last Checked: Sep 14 at 7:06PM
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.
This mixed-use commercial property includes third-floor office suites, ground-level retail space, and approximately 6,000 square feet of entertainment space. The entertainment area features an open layout, two bars, a stage, and two outdoor seating areas. Building finishes include carpet and tile flooring, with forced-air heating, central air, brick and frame construction, a membrane roof, and public sewer service. The property is zoned S-3 and occupies approximately 0.5 acres.
Located at the corner of 5th and Monroe in downtown Springfield, the building sits three blocks from the State Capitol and Amtrak station and next to the post office. Three banks are within one to two blocks, while restaurants and gift shops are nearby. Memorial Medical Center, St. John's Hospital, and other Medical District facilities are approximately 1 mile away.
Located at the corner of 5th and Monroe in downtown Springfield, the building sits three blocks from the State Capitol and Amtrak station and next to the post office. Three banks are within one to two blocks, while restaurants and gift shops are nearby. Memorial Medical Center, St. John's Hospital, and other Medical District facilities are approximately 1 mile away.
Key Highlights
- Approximately 6,000 square feet of entertainment space
- Open entertainment layout with 2 bars and a stage
- 2 outdoor seating areas
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,451
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
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-level commercial building combining professional office suites, retail space, and an entertainment venue with outdoor seating.
Where is this mixed-use property 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: Approximately 6,000 square feet of entertainment space; Open entertainment layout with 2 bars and a stage; 2 outdoor seating areas
