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Property profile & analytics

2475 W Monroe St Springfield, IL 62704

  • Commercial real estate
  • 1.10 lot acres
For Lease
Last Sale
Jun 20, 2023
$575,000
Value Estimations
$575,000
Cap Rate Potential
Location Intelligence
Property ID
US28-3091555
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

  • Blood Sudi / Real Estate Agent
  • PDQ Title LLC / Title Company
  • Joe Tetzlaff Real Estate Broker / Real Estate Agency
  • Oak Park Estates, LLC: John Bavettea / Real Estate Agent
  • Beverly Collins, RE/MAX Professionals / Real Estate Agent

Property Details for 2475 W Monroe St

Lot size
1.10 lot acres
Property type
Commercial real estate
APN
14-31.0-401-020
APU
14310401020

Description

This exceptional 13,200 square foot, two-story Class B office building in Springfield, Illinois, offers flexible lease options. Located at 2475 W Monroe St, this property sits on a 1.11-acre lot and boasts 70 parking spaces. The building, constructed in 1988, features a total of two suites, with 6,600 square feet currently vacant. Leasable spaces range from a minimum of 3,300 square feet to a maximum contiguous space of 6,600 square feet, making it ideal for a variety of businesses. The building includes elevators and is zoned R-5c, Office District (APN: 14-31.0-401-020). The first floor offers 22 private windowed offices, a reception area, a conference room, kitchenette, and storage. The second floor provides 14 offices, a large training room, two smaller conference rooms, and ample storage. High-speed fiber internet is available throughout. This location offers easy access to IL-4/Veterans Pkwy, and is situated in an established office park near prominent companies. The building's design incorporates natural light and a flexible layout to accommodate diverse business needs. This is a fantastic opportunity for businesses seeking a high-quality, well-located office space in Springfield, Illinois.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $580,000
    ML approach
    $575,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Springfield
County
Sangamon
State
Illinois
Longitude
-89.701
Latitude
39.7915
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
$18,323
$100,599
$106,648
$207,247
-
$301,797
$319,944
$621,741
More about this property
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