2524 Farragut Dr, Springfield, IL 62704
This Springfield, IL, single-story, 18,000-square-foot medical/traditional office building at 2524 Farragut Dr, zip code 62704, offers multiple suites ranging from 2,800 to 11,300 contiguous square feet. Currently, 11,300 square feet are vacant, divisible into three available spaces. The building features rear staff entrances and a partial basement for storage. Suite A provides general office space with private offices, reception, conference room, break room, and open areas. Suites B and C are designed for medical use, including exam rooms, nurses' stations, private offices, and x-ray/lab space. Suite C boasts a unique executive suite with a fireplace, conference room, bathroom with steam shower and sauna, a single-car garage, and a separate entrance. An adjacent office area includes four small offices, reception, work areas, a break room, and two restrooms. Suites A, B, and C are adaptable to various needs, offering the flexibility to combine or divide spaces. The property is zoned R-5a in Sangamon County and has no elevators. This is an exceptional opportunity for businesses seeking flexible and well-appointed office space in a convenient Springfield location.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.