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427 E Monroe St
750 - 7,750 SF of Space Available in Springfield, IL 62701
Space Availability (3)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,000-6,000 SF | Negotiable | $14.00 /SF/YR $1.17 /SF/MO $84,000 /YR $7,000 /MO | Modified Gross | ||
| 3rd Floor, Ste 301 | 1,000 SF | Negotiable | $14.00 /SF/YR $1.17 /SF/MO $14,000 /YR $1,167 /MO | Modified Gross | ||
| 3rd Floor, Ste 302 | 750 SF | Negotiable | $14.00 /SF/YR $1.17 /SF/MO $10,500 /YR $875.00 /MO | Modified Gross |
1st Floor
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as a Drinking Establishment
- Corner Space
- Basement
3rd Floor, Ste 301
Great downtown location at the corner of 5th and Monroe. Third floor suite available with 3-4 private offices, possible conference room and storage. Property is agent owned.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Office
- Office intensive layout
3rd Floor, Ste 302
Suite available on the 3rd floor consisting of 2 rooms-one reception area and one large office with views of the Old State Capitol. Agent owned.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Office
- Office intensive layout
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 427 E Monroe St , Springfield, IL 62701
| Min. Divisible | 750 SF | Gross Leasable Area | 18,000 SF |
| Property Type | Retail | Year Built | 1950 |
| Property Subtype | Storefront Retail/Office |
| Min. Divisible | 750 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 18,000 SF |
| Year Built | 1950 |
About the Property
Nice office building with retail on the first floor. Prime location in the heart of downtown Springfield on the corner of 5th and Monroe. Parking spaces adjacent to the west side of the building included with parcel. Two blocks east of the State Capitol complex and within minutes of banks, restaurants and shopping. Property is agent owned.
- Restaurant
- Signage
Nearby Major Retailers
Learn More About Leasing Retail Properties
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427 E Monroe St
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