427 Monroe St, Springfield, IL 62701
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.
-
Brown Management Corp. Business Management Consultant
-
Coldwell Banker Commercial Devonshire Realty Real Estate Agency
-
Upper Echelon Marketing Inc. Advertising Agency Marketing & Advertising
-
Veloxinet Telecommunications Service Data Center
-
Kristi Mitchell Photography Photography Service (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.