Property profile

2524 Farragut Dr Springfield, IL 62704

OFF-MARKET
Office Spaces
18,000 SF
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office Spaces
Total area 18,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hospital Children's Hospital
  • Medical Clinic
  • Medical Clinic
  • Physician
  • Employment Agency

Location

2524 Farragut Dr Springfield, IL 62704
Springfield metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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