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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    217 Monroe St, Springfield, IL 62701-1147

    0.56 ac lot
    Entity Owned 8-yr Hold Free & Clear
    Property ID
    US28-0626977
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 0.56 ac (24,345 SF)
    APN 14-34.0-105-028
    UPID US28-0626977
    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
    • Freeborn & Peters Law Firm
    • Illinois Rural Health Association Association / Organization
    • Illinois Council of the Blind Charitable Organization Social Service Agency
    • State Universities Annuitants Association Charitable Organization Social Service Agency
    • United Counties Council of Illinois Charitable Organization Social Service Agency
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Joyner Real Estate LLC · 8 yrs held
    Joyner Real Estate LLC
    since 2017
    3 recorded transactions
    2018
    2017
    2017
    $750,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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