Property summary
This exceptional commercial property at 427 Monroe Street in Springfield, Illinois (APN 14340107051) offers a unique investment opportunity. The property, zoned S-3, encompasses a 6,000 square foot building situated on a single-tenant land parcel. Currently configured as a bar/restaurant, the space boasts a highly desirable downtown location at the corner of 5th and Monroe Streets. The interior features an open floor plan, perfect for entertainment venues or adaptable to various commercial uses. The existing layout includes two separate bar areas, a stage, and provides ample space for customization. Adding to its appeal are two outdoor seating areas, ideal for expanding operations and creating a vibrant atmosphere. The building consists of a single suite, offering flexibility for a single large tenant or the potential for division into smaller spaces. This property presents a rare chance to acquire a well-located, versatile commercial space in a thriving downtown area. The property's size and layout offer significant potential for a variety of businesses. Serious inquiries are encouraged.
Property profile
VerifiedCap rate & NOI
Current use
-
Business Management Consultant
-
Real Estate Agency
-
Advertising Agency Marketing & Advertising
-
Telecommunications Service Data Center
-
Photography Service (Bike/Boat/Book/etc) Store
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Property Information
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight