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    1905 Montana Dr Springfield, IL 62704

    Sponsored
    For Lease
    $14 SF/Yr ($16,457 /Mo)

    13,620 SF Office, Multiple Suites Available

    Lot size:
    13,620 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This Springfield, IL office building (13,620 total square feet) offers a flexible lease opportunity. The two-story, Class B building, constructed in 2003, features 4 suites, with 3,520 square feet currently vacant and divisible down to 2,065 square feet. The maximum contiguous space available is 3,520 square feet. The building boasts a convenient location on Montana Dr, near major roadways (Chatham Rd and Wabash Ave) and White Oaks Mall, in a mixed-use area with residential and commercial neighbors. Amenities include 52 parking spaces, an elevator, and a welcoming lobby. The vacant suite (3,520 SF) previously housed a dental office and offers a versatile layout adaptable to various professional or medical uses, including multiple exam rooms, a lab area, an executive office with a private restroom, a break room with washer/dryer hookups, and ample storage. The landlord is open to tenant improvements. The 0.74-acre lot is zoned R-5c, Office District (APN: 22-07.0-230-002, 22-07.0-230-003). Tenants are responsible for electric, gas, interior maintenance, janitorial services, phone/data/internet, and trash removal reimbursement. This property presents a compelling opportunity for businesses seeking a well-maintained, adaptable space in a desirable Springfield location.

    Property Features for 1905 Montana Dr

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,620 SF
    Class
    B
    Total Rate
    16457.5

    Building Details

    Year Built
    2003
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 40
    Size
    3,520 SF
    Rate per SF
    $14

    HighLights

    • 13,620 SF Class B office building in Springfield, IL, built in 2003.
    • New roof installed in 2024.
    • Abundant natural light throughout.
    • Landlord offers tenant improvement allowances.
    • Excellent location on Montana Dr, near major roadways and White Oaks Mall.
    • Strong, stable commercial area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Link Baines Dental Dentist Bethesda Lutheran Home Physical Therapy Clinic Sartaj Singh Dentist Jacobs and Middleton Family ... Dentist Middleton Dental Dental Clinic

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.687984718598
    Latitude
    39.770858258395

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    FAQs

    What type of property is this?
    Coworking space - 13,620 SF Office, Multiple Suites Available
    Where is this coworking space located?
    The property is located at 1905 Montana Dr Springfield, IL.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: 13,620 SF Class B office building in Springfield, IL, built in 2003.; New roof installed in 2024.; Abundant natural light throughout.
    Request Owner's contact information
    1905 Montana Dr 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
    1905 Montana Dr Springfield, IL 62704
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