Property summary
This exceptional Class B office building at 427 E Monroe St, Springfield, IL 62701, offers a variety of flexible office spaces ideal for professionals seeking a downtown presence. The building, situated on a desirable corner lot near 5th St., boasts a total of 18,000 square feet and comprises two suites. Currently, 1,750 square feet of space is immediately available, divisible into units as small as 1,050 square feet, with a maximum contiguous space of 1,050 square feet. The building features convenient elevator access, making it easily accessible for all tenants and their clients. This location is perfect for businesses needing a high-profile address in the heart of Springfield. The building's central location makes it easily accessible to various amenities and transportation options. Whether you're a lobbyist, attorney, architect, accountant, or another professional, this property offers a prestigious and functional workspace to support your business needs. The available space is adaptable to a variety of office configurations, allowing for customization to suit individual requirements. Inquire today to learn more about this exceptional opportunity.
Property profile
VerifiedCap rate & NOI
Current use
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Business Management Consultant
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Real Estate Agency
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Advertising Agency Marketing & Advertising
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Telecommunications Service Data Center
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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
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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
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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.
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- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight