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    2524 Farragut Dr Springfield, IL 62704

    Picture of Medical offices at Farragut Dr 2524, Springfield, IL
    For Sale
    $1,200,000

    Commercial - Springfield, IL

    Property size:
    18,000 SF
    Lot size:
    1.00 Acre
    Days on Market:
    760
    Last Refresh:
    Dec 6 at 10:06 am

    Property Features for 2524 Farragut Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-5A
    APN
    14310256008
    Size
    18,000 SF
    Lot size
    1.00 Acre

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Flooring type
    Carpet, Tile, Vinyl
    Building materials
    Brick, Frame
    Roof type
    Membrane
    Architectural style
    Other

    The Real Estate Group, Inc. (217) 787-7000 [email protected]

    Listing agent Curtis Tillett (217) 787-7000 License #475089421

    Listing date Nov 8, 2023

    MLS# CA190823 Listing URL

    Copyright © 2025 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Medical/Professional Office Building For Sale

    This medical and professional office building is available for sale in an excellent location in Springfield, Illinois. The property is partially leased and includes medical office suites. The front 12,000 square feet of the building features a new roof and HVAC system, along with a basement suitable for storage. The property also includes tax ID 14310256007. The lot size is 1 acre and the living area is 18,000 square feet. The zoning is R-5A. The property is located at 2524 FARRAGUT Drive, Springfield, IL 62704.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    OSF Children's Hospital ... Children'S Hospital OSF Children's Hospital ... Medical Center OSF Children's Hospital ... Medical Center Prairie Speech & Language Speech Pathologist Pettit Tamara Nursing Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Koke Mill Animal Hospital: Hudsxon Mark E DVM, Animal Emergency Clinic, Kirk Evan DVM, Brewer Animal Hospital: Thornburg Thomas A DVM

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.69724
    Latitude
    39.7952

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    FAQs

    What type of property is this?
    Medical office - Medical and professional office building for sale in Springfield, IL.
    Where is this medical office located?
    The property is located at 2524 Farragut Dr Springfield, IL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Excellent location for medical and professional offices.; - Partially leased, providing immediate income potential.; - Medical office suites available for immediate occupancy or lease.
    (217) 787-7000
    Request Owner's contact information
    2524 Farragut Dr Springfield, IL 62704
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2524 Farragut Dr Springfield, IL 62704
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