400 Monroe StSpringfield, IL 62704

Property Details for 400 Monroe St

Lot size

0.97 AC

Property type

Other commercial real estate

APN

14-33.0-207-022

APU

14330207022

Description

This prestigious Class A office building, located at 400 W Monroe St, Springfield, IL 62704, offers 70,561 square feet of versatile space in a prime location adjacent to the Illinois State Capitol Complex. Built in 1989, the four-story building features 12 suites, with 5,778 square feet currently vacant, allowing for flexible configurations up to 25,117 contiguous square feet. Amenities include 171 parking spaces (including secure underground parking), two elevators, three stairwells (two with exterior access), and a monitored wet sprinkler system. Each floor benefits from zoned heating and cooling, and common handicapped-accessible restrooms are conveniently located. The building is zoned R5(b) and boasts an efficient tax rate of $1.08 per square foot. Its convenient location near Springfield's Central Business District and excellent accessibility make it an ideal choice for businesses seeking a professional and well-maintained office environment. The building's architectural design incorporates controlled access parking, enhancing security and convenience for tenants.

• Alternative Use

  Use

  Valuation

  Residential

  $12,973,216

  Hospitality

  $11,883,396

  Educational

  $9,886,846

  Medical

  $10,226,870

  Retail

  $15,379,538

Location Insight

City

Springfield

County

Sangamon

State

Illinois

Latitude

39.7993

Longitude

-89.6591

CBSA code

44100

CBSA name

SPRINGFIELD, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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