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    2501 Chatham Rd Springfield, IL 62704

    Sponsored
    For Lease
    $15 SF/Yr

    Prime Office Suites, Multiple Sizes Available

    Lot size:
    33,062 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional three-story office building, totaling 33,062 square feet, presents a fantastic opportunity for businesses seeking versatile space in a high-traffic location. Constructed in 1996, the property boasts a desirable address at 2501 Chatham Road within the vibrant Montvale Development. The building features one structure with convenient elevator access. Multiple tenancy allows for flexibility, with available spaces ranging from 1,975 to 8,743 square feet, ideal for a variety of business needs. The R5B zoning ensures a wide range of permitted uses. Located in Sangamon County (APN 22-06.0-477-030), this property benefits from its strategic placement near numerous retail establishments, restaurants, and other businesses, ensuring high visibility and accessibility. Enjoy the advantage of ample free on-site parking for tenants and clients. The building's prominent location on Chatham Road provides significant exposure, with an estimated 20,000 cars passing daily, offering excellent potential for brand recognition. The building itself offers a comfortable and professional environment, making it an attractive option for businesses seeking a quality presence. Currently, various sized spaces are available on the first and third floors. Don't miss this chance to secure your ideal office space in this thriving commercial area.

    Property Features for 2501 Chatham Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    33,062 SF
    Total Rate
    42705.08

    Building Details

    Year Built
    1996
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    2501 3rd Floor
    Size
    8,743 SF
    Rate per SF
    $15
    Space
    2501 Suite 110
    Size
    2,537 SF
    Rate per SF
    $15
    Space
    Suite 310
    Size
    4,429 SF
    Rate per SF
    $15

    HighLights

    • Three‑story, 33,062 square foot multi‑tenant office building.
    • Located in the Montvale Development with high visibility.
    • Spaces available ranging from 1,975 to 8,743 square feet.
    • Building features include free on‑site parking and a prominent monument sign.
    • Year built: 1996; Zoned R5B; Sangamon County, APN 22‑06.0‑477‑030.
    Property Profile Location Intelligence

    Current Use by Public Records

    Star of Your Story Musician Fleischbrueder LLC Sports Accessories Wholesaler Americanteck Marketing Agency Living From HERT ... Life Coach Anne E. Daly, ... Medical Clinic

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.687357195898
    Latitude
    39.771281396889

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    FAQs

    What type of property is this?
    Restaurant - Prime Office Suites, Multiple Sizes Available
    Where is this restaurant located?
    The property is located at 2501 Chatham Rd Springfield, IL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Three-story, 33,062 square foot multi-tenant office building.; Located in the Montvale Development with high visibility.; Spaces available ranging from 1,975 to 8,743 square feet.
    Request Owner's contact information
    2501 Chatham Rd 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
    2501 Chatham Rd Springfield, IL 62704
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