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Medical Office Suite with Lab Access
For Lease
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2524 FARRAGUT Drive, Springfield, IL 62704

Commercial Lease, Springfield, IL

Space SizeContact for details
Days on Market2791

Property Features for 2524 FARRAGUT Drive

General Information

Property type Commercial Lease
Property subtype Other
Zoning S-1
Directions Monroe to W. Lawrence to Farragut
Standard status Active
APN 14-31.0-256-007

Taxes and HOA fees

Tax Annual Amount 15000

Utilities

Sewer type Public Sewer
Heating system Forced Air
Cooling system Central Air

Amenities

lab facilities
basement storage

Building Details

Floors in Building 1
Flooring type Tile, Carpet
Building materials Frame, Brick
Roof type Membrane
Listing Agency: The Real Estate Group, Inc.
Listed By: Curtis Tillett · License #475089421
Added: Feb 13, 2019 Changed: Sep 7 Last Checked: Oct 5 at 2:06PM
MLS# CA190740

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

Medical office space is available within a multi-suite building in Springfield. The property includes access to lab facilities in the building, while basement storage provides additional support space. The available area may be combined with Suite C for a larger configuration.

The building is constructed with frame and brick materials and features tile and carpet flooring. Forced-air heating, central air conditioning, a membrane roof, and public sewer service are in place. The property is zoned S-1 and located at 2524 Farragut Drive.

Key Highlights

  • Medical office space in a multi‑suite building
  • Lab facilities available within the building
  • Basement storage available

Property Analytics

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Current Use

OSF Children's Hospital ... Hospital OSF Children's Hospital ... Medical Clinic OSF Children's Hospital ... Medical Clinic Prairie Speech & Language Physician Pettit Tamara Employment Agency

Suggested Use

Top Pick Building Supply Parking Lot & Garage Kitchen & Bath Showroom Grocery & Convenience Store Electrical Service Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

952
Businesses Nearby
Under-served
Demand for This Use

Demographics for 62704, IL

39,157
Population
20,706
Households
1.9
Avg Household Size
40
Median Age
42%
College-Educated
95%
High-School Grad
12.2 sq mi
ZIP Area
3,210
Density / Sq Mi
$66,352
Median Household Income
$44,793
Median Earnings
$924
Median Rent
$166,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Well-maintained clinical office space with basement storage and potential expansion into Suite C.
Where is this medical office space located?
The property is located at 2524 FARRAGUT Drive Springfield, IL.
What are key features of this property?
This property features: Medical office space in a multi‑suite building; Lab facilities available within the building; Basement storage available
More about this property
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