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Retail Space Near Starbucks
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2001 W Monroe St, Springfield, IL 62704

High-visibility retail space next to Starbucks in Springfield, Illinois.

Space Size600 SF - 1,100 SF
Property Size4,400 SF
Days on Market2293

Property Features for 2001 W Monroe St

General Information

Standard status Active
Size 600 SF - 1,100 SF
Total Parking Spaces 14
Property subtype Office
Lease Type Modified Gross

Building Details

Building Size 4,400 SF
Year Built 1979
Tenancy Multiple

Spaces For Lease

at 2001 W Monroe St Contact us

Suite 101

Size
600 SF
Type
Office
Lease Type
Modified Gross
Availability
Active
Contact us

Suite 102

Size
1,100 SF
Type
Office
Availability
Active
Contact us
Listing Agency: Albanese Realty Corp
Listed By: Dennis Albanese · License #IL 475.143254
Source: Crexi
Added: May 14, 2020 Changed: Aug 15 Last Checked: Aug 21 at 7:31PM

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 Albanese Realty Corp

Investment Insights

Based on property information with market context.

This commercial property offers high visibility at a retail intersection, situated next to a Starbucks. The location benefits from high traffic counts. The lower level includes restrooms and has the potential to be divided into two suites, each offering 1,000 square feet. The property is suitable for retail or office use.

Key Highlights

  • High visibility corner location
  • Next to Starbucks
  • High traffic count

Property Analytics

Current Use

Cornerstone Financial Services Financial Advisor

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Bakery (Bike/Boat/Book/etc) Store Hair Salon Kitchen & Bath Showroom

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
$1.65 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

339
Businesses Nearby

Demographics for 62704, IL

39,157
Population
20,706
Households
1.9
Avg Household Size
40
Median Age
42%
College-Educated
95%
High-School Grad
12.2 sq mi
ZIP Area
3,210
Density / Sq Mi
$66,352
Median Household Income
$44,793
Median Earnings
$924
Median Rent
$166,900
Median Home Value

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

This space is priced 73% below the average of $40.65 /SF/Yr.

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 - High-visibility retail space next to Starbucks in Springfield, Illinois.
Where is this office units located?
The property is located at 2001 W Monroe St Springfield, IL.
What is the lease rate?
The lease rate is $11 SF/Yr.
What are key features of this property?
This property features: High visibility corner location; Next to Starbucks; High traffic count
More about this property
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