Mixed-Use Building with Loft
New
For Sale
$290,000
617 E MONROE Street, Springfield, IL 62701
Commercial Sale, Springfield, IL
Property SizeContact for details
Days on Market2
Property Features for 617 E MONROE Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
S-3
Directions
North side of East Monroe between 6th and 7th Street.
Standard status
Active
APN
14340131064
Additional Details
Tenant in Place
Yes
Mixed-Use Components
retail, residential
Taxes and HOA fees
Tax Year
2025
Tax Description
UNIT 1 and 2 617-617 1/2 E MONROE ST CONDO (1570 SQ FT) 34-16-5
Tax Annual Amount
6114
Legal Description
UNIT 1 and 2 617-617 1/2 E MONROE ST CONDO (1570 SQ FT) 34-16-5
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Electric (Heating)
Cooling system
Central Air
Amenities
balcony
Building Details
Year built
1900
Floors in Building
2
Building materials
Brick
Roof type
Rolled Hot Mop
Buildings
1
Listing Agency:
The Real Estate Group, Inc.
(217) 787-7000
Listed By:
Rebecca Hendricks · License #475101139
(217) 725-8455
Added: Oct 30
Last Checked: Oct 31 at 5:06PM
MLS# CA1047193
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.
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Investment Insights
Based on property information with market context.
This brick mixed-use property, built in 1900, combines a street-level barber shop with a two-bedroom loft apartment above. The commercial floor has high ceilings, exposed brick, and a full bathroom. The apartment includes a full bath and a balcony. Both spaces are leased separately and currently occupied.
Ten off-street parking spaces are available for rental use. The property is zoned S-3 and has central air conditioning, electric forced-air heat, public sewer, and a rolled hot-mop roof.
Ten off-street parking spaces are available for rental use. The property is zoned S-3 and has central air conditioning, electric forced-air heat, public sewer, and a rolled hot-mop roof.
Key Highlights
- Two‑bedroom loft apartment above a barber shop
- Both floors are occupied under separate leases
- 10 off‑street parking spaces available for rental use
Property Analytics
Who owns this building?
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Current Use
Lease Details
1
Residential units
100%
Occupancy
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 Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A barber shop and a two-bedroom residence occupy separate floors under distinct leases.
Where is this mixed-use property located?
The property is located at 617 E MONROE Street Springfield, IL.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Two‑bedroom loft apartment above a barber shop; Both floors are occupied under separate leases; 10 off‑street parking spaces available for rental use
