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    2651 Farragut Dr Springfield, IL 62704

    For Lease
    Contact for pricing

    Commercial - Springfield, IL

    Property size:
    8,263 SF
    Lot size:
    1.26 Acres
    Days on Market:
    174
    Last Refresh:
    Dec 6 at 9:06 pm

    Property Features for 2651 Farragut Dr

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    14-31.0-401-022
    Size
    8,263 SF
    Lot size
    1.26 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

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

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

    Listing agent Bill Marriott (217) 787-7000 License #475116051

    Listing date Jun 16, 2025

    MLS# CA187448 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

    Springfield Office Space For Lease

    This commercial property offers office space located north of the LRS complex on Monroe in Springfield, Illinois. The available space is situated on the first floor, encompassing 5186 square feet. The property has a total living area of 8263 square feet and is zoned for commercial use. The layout includes multiple offices and an open area suitable for cubicles or a work area. The property is situated on a 1.26-acre lot. The first-floor space can be leased independently or in conjunction with the second-floor space, which provides an additional 3077 square feet, depending on specific space requirements.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    US Army Springfield ... Army Facility US Army Springfield ... Military Recruiting Office US Army Springfield ... Military Recruiting Office

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.699863
    Latitude
    39.793232

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    FAQs

    What type of property is this?
    Office space - Office space available north of the LRS complex on Monroe.
    Where is this office space located?
    The property is located at 2651 Farragut Dr Springfield, IL.
    What are key features of this property?
    This property features: - 5186 SF of 1st-floor office space.; - Option to lease additional 3077 SF of 2nd-floor space.; - Located just North of the LRS complex on Monroe.
    (217) 787-7000
    Request Owner's contact information
    2651 Farragut Dr Springfield, IL 62704
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    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
    2651 Farragut Dr Springfield, IL 62704
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