Financial
Distress signals
Property profile

2475 W Monroe St Springfield, IL 62704

FOR LEASE
Other commercial real estate
Property ID
US28-3091555
1.1 ac lot
Last sale Jun 2023 · $575,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A for-lease main-level office suite totaling approximately 6,600 square feet, configured with 22 private, windowed offices, a lobby entry area, a spacious conference room, a kitchenette, and ample built-in or dedicated storage. The layout supports privacy through dedicated office rooms while maintaining shared common areas suitable for client or internal meetings, including a lobby arrival zone and a conference space. The building includes high-speed fiber internet service for connectivity, and…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$18k
Tax billed · 2023
Assessed value$207k
Assessed land$101k
Assessed improvement$107k
Effective rate8.84%

Value estimate

· Sep 2026
$580k
$522k – $638k
AI approach$575k
NOI build-up
Gross scheduled income$72k
Vacancy & credit loss−$14k
Operating expenses−$14k
NOI · 310,578.57% cap applied$43k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
310,578.57%
$43k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSANGAMON

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply14.6
Wholesale Shop11.8
Auto Repair Shop11.8

Location

2475 W Monroe St Springfield, IL 62704
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1740 Wabash, Springfield, IL 62704 $500,000 Feb 2026 No data
102 Scarritt, Springfield, IL 62704 $385,000 Jan 2026 No data
1222 Monroe, Springfield, IL 62704-1656 $1,162,500 Jan 2026 No data
3210 Robbins, Springfield, IL 62704 $3,806,500 Dec 2025 No data
2040 Iles, Springfield, IL 62704-4662 $1,138,000 Dec 2025 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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