500 Monroe StSpringfield, IL 62704
- Commercial real estate
- 0.14 AC
For Lease
$13.50/SF/YR
View listing
Property Details for 500 Monroe St
- Lot size
- 0.14 AC
- Property type
- Commercial real estate
- APN
- 14-34.0-134-001
- APU
- 14340134001
Description
This 1,400-square-foot office suite is available for lease in the Monroe Business Center, a three-story Class B building located at 500 W Monroe St, Springfield, IL 62704. The suite, situated in Springfield's Central Business District, is part of a building renovated in 2023, featuring updated windows and ample on-site parking (102 spaces). The space includes two private offices, a conference room, and a large open work area, ideal for a variety of professional uses, including traditional, medical, or creative office settings. Utilities, taxes, insurance, and common area maintenance are included in the lease rate
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $1,894,658
- Hospitality
- $1,735,496
- Educational
- $1,443,913
- Medical
- $1,493,571
- Retail
- $2,246,086
500 Monroe St, Springfield, Illinois
Location Insight
- City
- Springfield
- County
- Sangamon
- State
- Illinois
- Latitude
- 39.7992
- Longitude
- -89.6491
- 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
$21,289
$43,197
$197,603
$240,800
-
$129,591
$592,809
$722,400
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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