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    1139 Macarthur Blvd Springfield, IL 62702

    Sponsored
    For Lease
    $12 SF/Yr ($5,640 /Mo)

    Versatile 5,640 SF Commercial Space

    Lot size:
    5,640 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A commercial property, located at 1139 N MacArthur Boulevard, offers 5,640 square feet of versatile space ideal for a variety of businesses. The single-tenant building boasts a flexible layout suitable for office, retail, warehouse, or medical uses. The property features multiple offices and conference rooms, providing ample space for meetings and individual work. With 50 parking spaces, client and employee parking is never a concern. The building is situated near North Grand Ave, offering convenient access to major transportation routes. The property is zoned 11 and has an APN of 14280103032. This is a unique opportunity to acquire a well-maintained, highly functional commercial space in a desirable location. The building's single-tenant occupancy provides a streamlined management experience. The property's diverse zoning and ample parking make it an attractive option for a wide range of commercial enterprises. This is a prime opportunity for businesses seeking a functional and well-located space to establish or expand their operations. The combination of office, warehouse, and retail adaptability makes this property a truly versatile investment. Don't miss this chance to secure a valuable asset in a thriving commercial area.

    Property Features for 1139 Macarthur Blvd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,640 SF
    Class
    A
    Total Rate
    5640

    Building Details

    Buildings
    1

    Unit(s) available at that property

    Space
    Size
    5,640 SF
    Rate per SF
    $12

    HighLights

    • Versatile 5,640 SF building suitable for office, retail, warehouse, or medical use.
    • Ample parking (50 spaces) with multiple offices and conference rooms.
    • Single‑tenant occupancy.
    • Class A building.
    • Located at 1139 N MacArthur Boulevard, near North Grand Ave.
    • APN: 14280103030.
    Property Profile Location Intelligence

    Current Use by Public Records

    Music Factory Music Instructor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.668372907785
    Latitude
    39.815564906126

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    FAQs

    What type of property is this?
    Medical office - Versatile 5,640 SF Commercial Space
    Where is this medical office located?
    The property is located at 1139 Macarthur Blvd Springfield, IL.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Versatile 5,640 SF building suitable for office, retail, warehouse, or medical use.; Ample parking (50 spaces) with multiple offices and conference rooms.; Single-tenant occupancy.
    Request Owner's contact information
    1139 Macarthur Blvd Springfield, IL 62702
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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
    1139 Macarthur Blvd Springfield, IL 62702
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