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    2731 Macarthur Blvd Springfield, IL 62704

    Sponsored
    For Lease
    $17 SF/Yr

    Prime Office Space, Newly Renovated, Great Location

    Lot size:
    1,442 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 2731 S MacArthur Boulevard, offers 1,442 square feet of newly renovated office space. Situated on the second floor of a secure building with elevator access, this single-tenant space boasts convenient access to public transportation and ample surrounding parking. The property features five private offices, a dedicated conference area, and 519 square feet of open workspace, ideal for a variety of business needs. The building includes ADA-compliant restrooms, and the landlord is responsible for maintaining the common areas. The property is zoned B-1, offering flexibility for various commercial uses. This is a fantastic opportunity to acquire a well-maintained, conveniently located office space in a thriving area. The property's size and layout provide a comfortable and productive work environment. The combination of private offices and open space allows for both individual focus and collaborative teamwork. The ample parking and proximity to public transportation ensure easy access for employees and clients alike. This is a turnkey solution for businesses seeking a modern and functional office space. The secure building and well-maintained common areas provide a professional and safe environment. Don't miss this chance to own a valuable commercial asset in a desirable location.

    Property Features for 2731 Macarthur Blvd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,442 SF

    Unit(s) available at that property

    Space
    Size
    1,442 SF
    Rate per SF
    $17

    HighLights

    • Newly renovated 1,442 sq. ft. office space.
    • Second‑floor suite in a secure elevator building with ADA‑compliant restrooms.
    • Convenient location with ample parking and public transportation access.
    • Landlord‑maintained common areas.
    • Features five private offices, one conference room, and 519 sq. ft. of open space.
    Property Profile Location Intelligence

    Current Use by Public Records

    AgeLinc (Area Agency ... Non-Profit Organization Visiting Angels Home Health Care Service Yellow Book Publisher White Hat Building ... Construction Company

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.6687394
    Latitude
    39.7690216

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Office Space, Newly Renovated, Great Location
    Where is this office property / space located?
    The property is located at 2731 Macarthur Blvd Springfield, IL.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Newly renovated 1,442 sq. ft. office space.; Second-floor suite in a secure elevator building with ADA-compliant restrooms.; Convenient location with ample parking and public transportation access.
    Request Owner's contact information
    2731 Macarthur Blvd 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
    2731 Macarthur Blvd Springfield, IL 62704
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