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Active - Other for sale

427 MONROE Street, Springfield, IL

Facts & features

Other Property type
712 days on Beycome
21,780 sqft Lot size

Why you’ll love it

Excellent office space located on a prime corner in downtown Springfield. Third floor suites available. Ideal location for lobbyist, attorney, architect, accountant or any other professional needing downtown office space. Ground level retail space available! 6,000 sq. ft. of entertainment space featuring an open floor plan, 2 bars, a stage, and 2 outdoor seating areas. Other reputable tenants in the building. Call for more details. Listing agent has a financial interest in the property. Area Property is located on the corner of 5th and Monroe in the heart of downtown Springfield. Just 3 blocks from the State Capitol and Amtrak station, next door to the post office and 3 banks are within 1-2 blocks. Multiple restaurants and gift shops also minutes away. Building is approx. 1 mile to Memorial Medical Center, St. John’s Hospital and other facilities in the Medical District.

Translating description...

Listings courtesy of The Real Estate Group, Inc. as distributed by MLS GRID.

Listed by: The Real Estate Group, Inc.

Co-listed by: The Real Estate Group, Inc.

Source: RMLS Alliance as distributed by MLS GRID, MLS#: CA1034952 RMLS Alliance  as distributed by MLS GRID logo

Based on info available as of Nov 13, 2026 at 1:33 AM EST.

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Affordability

$390,000$810,000
1%20%
0%90%
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Estimated monthly payment

$4,956/mo

  • Mortgage$3,034
  • Property tax$1,922
  • HOA fee
  • Homeowners insurance
Due at closing$477,000
Down payment held in escrow$120,000
Closing costs$9,000
beycome credit Est.$12,000

Beycome estimates only. Actual amounts and terms vary by lender and location.

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Travel times

About Springfield

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This local overview has been generated by Artur AI, for informational purposes only. Please verify all details independently before relying on it.

Flood & climate risk

FEMA Flood Zone X

Outside the high-risk Special Flood Hazard Area — flood insurance is usually optional but still worth considering.

More details

Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.

Disclaimer

Based on information submitted to the MLS GRID as of Nov 13, 2026 at 01:33am EST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

$600,000 Listed price

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$12,000 Credit back

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