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Property profile & analytics

217 Monroe St Springfield, IL 62701

  • Commercial real estate
  • 0.56 lot acres
Value Estimation
$500,000
Location Intelligence
Property ID
US28-0626977
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Freeborn & Peters / Attorney
  • Illinois Rural Health Association / Association / Organization
  • Illinois Council of the Blind / Non-Profit Organization
  • State Universities Annuitants Association / Non-Profit Organization / Association / Organization
  • United Counties Council of Illinois / Non-Profit Organization / Association / Organization

Property Details for 217 Monroe St

Lot size
0.56 lot acres
Property type
Commercial real estate
APN
14-34.0-105-028
APU
14340105028

Description

The Lincoln Building offers three office suites for lease in the heart of downtown Springfield, Illinois. This three-story, 1910 building (renovated in 1981) features a single elevator and is zoned S-3, Central Shopping District (APN: 14-34.0-105-028). Suites range from 360 to 3,165 contiguous square feet, with a minimum divisible space of 360 square feet. The building boasts ample street parking, a significant advantage in a high-tourism area with a large concentration of state and city government employees (19,210 combined) and a substantial medical community (12,121 employees). The location is minutes from major Springfield landmarks, including the Governor's Mansion and the Abraham Lincoln Presidential Library & Museum. Lease rates include utilities, taxes, insurance, and common area maintenance; tenants are responsible for interior maintenance, janitorial services, and internet/data/phone. The landlord is open to updating or remodeling suites for qualified tenants. The building is situated in a densely populated area, with over 12,000 residents and 5,500 households within a one-mile radius, and nearly 80,000 residents and 35,000 households within three miles. Springfield is easily accessible via Interstates 55 and 72, and is located on historic Route 66. Available suites include a 3,165 sq ft suite (available 1/1/2025), a 360 sq ft two-room suite, and a 750 sq ft suite with a reception area, three private offices, and a private entrance.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Springfield
County
Sangamon
State
Illinois
Longitude
-89.6524
Latitude
39.7999
CBSA code
44100
CBSA name
SPRINGFIELD, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$24,250
$168,216
$106,073
$274,289
-
$504,648
$318,219
$822,867
More about this property
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