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    2719 Monroe St Springfield, IL 62704

    Sponsored
    For Lease
    $13 SF/Yr

    2,850 SF Available, High Visibility

    Lot size:
    25,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 25,200 square foot, single-story retail and office building, constructed in 1971, offers 2,850 square feet of immediately available space. Located at 2719 W Monroe St, Springfield, IL 62704 (just east of Veterans Parkway), this property boasts high visibility due to its location on a heavily traveled corridor. The building features ample parking in front and rear, a pylon sign, and a freshly painted interior and exterior. The mostly open floor plan includes three offices and a kitchenette. A unique feature is the attached greenhouse with direct double-door access. Additional access is provided by a rear double steel door. The S-2 zoning (City of Springfield) allows for a variety of uses. This Sangamon County property presents a fantastic opportunity for businesses seeking a prominent location with excellent accessibility.

    Property Features for 2719 Monroe St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    25,200 SF
    Total Rate
    27300

    Building Details

    Year Built
    1971
    Stories
    1

    Unit(s) available at that property

    Space
    West Corner Suite
    Size
    2,850 SF
    Rate per SF
    $13

    HighLights

    • Freshly painted interior and exterior.
    • High visibility from street.
    • Excellent traffic counts.
    • Pylon signage opportunity available.
    • Open floor plan layout.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manpower Employment Agency

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.704738912128
    Latitude
    39.788134368217

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    FAQs

    What type of property is this?
    Individual retail property - 2,850 SF Available, High Visibility
    Where is this individual retail property located?
    The property is located at 2719 Monroe St Springfield, IL.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: Freshly painted interior and exterior.; High visibility from street.; Excellent traffic counts.
    Request Owner's contact information
    2719 Monroe St Springfield, IL 62704
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    Springfield, IL 62704
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2719 Monroe St Springfield, IL 62704
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