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Medical Office Space For Rent
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2524 FARRAGUT Drive #B, Springfield, IL 62704

Well-maintained medical office with lab and storage facilities.

Space Size3,797 SF
Days on Market921

Property Features for 2524 FARRAGUT Drive #B

General Information

Standard status Active
Size 3,797 SF
Property subtype Office

Building Details

Tenancy Single

Spaces For Lease

at 2524 FARRAGUT Drive #B Contact us

B

Size
3,797 SF
Type
Office
Availability
Active
Contact us
Listing Agency: The Real Estate Group Inc
Listed By: Curtis Tillett · License #475089421
Source: Crexi
Added: Feb 11, 2024 Changed: Aug 20 Last Checked: Aug 20 at 11:49AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Real Estate Group Inc

Investment Insights

Based on property information with market context.

This is a well-maintained medical office space available for rent. The building includes lab facilities. Storage space is available in the basement. This suite is one of several suites available for lease in the building and can be combined with Suite C. The property is located in Springfield, IL.

Key Highlights

  • Well‑maintained medical office space, perfect for your practice.
  • Lab facilities available in the building, a valuable asset for medical professionals.
  • Space can be combined with Suite C for expanded operations.

Property Analytics

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 Auto Repair Shop Kitchen & Bath Showroom Big Box & Wholesale Store Auto Parts Store

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
$2.10 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

965
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

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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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Well-maintained medical office with lab and storage facilities.
Where is this medical office space located?
The property is located at 2524 FARRAGUT Drive #B Springfield, IL.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: Well‑maintained medical office space, perfect for your practice.; Lab facilities available in the building, a valuable asset for medical professionals.; Space can be combined with Suite C for expanded operations.
(217) 553-7022 Call to check price and availability
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