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    OFF-MARKET
    Office Spaces

    427 Monroe St, Springfield, IL 62701

    18,000 SF
    Property ID
    Property summary
    AI-generated overview

    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
    Verified
    Property type Office Spaces
    Total area 18,000 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • 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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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