2524 Farragut Dr Springfield, IL 62704
- Office Properties & Spaces
- 18,000 SF
Current Use by Public Records
- OSF Children's Hospital of Illinois / Pediatric Cardiologist / Children'S Hospital
- OSF Children's Hospital of Illinois - Congenital Heart Center / Medical Center / Cardiologist
- OSF Children's Hospital of Illinois - Pediatric Surgery Center / Medical Center / Medical Clinic
- Prairie Speech & Language / Speech Pathologist
- Pettit Tamara / Nursing Agency
Property Details for 2524 Farragut Dr
- Property size
- 18,000 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This exceptional Springfield, Illinois medical office building presents a compelling investment opportunity. Priced at $1,200,000 ($66.67/SF), this multi-tenant property boasts a total of 18,000 square feet, situated on two parcels (APN 14310256007 & 14310256008) and zoned R-5A. The building is partially leased, offering immediate income potential and the flexibility to lease available medical office suites. A significant portion of the building (12,000 SF) features a recently installed roof and HVAC system, ensuring efficient and cost-effective operation. A sizable basement provides ample storage space. This prime location in Springfield, IL (2524 Farragut Dr, 62704) offers excellent visibility and accessibility for both patients and staff. The property's strong foundation, coupled with its strategic location and existing infrastructure, makes it an ideal investment for those seeking a stable and potentially high-growth asset in the thriving healthcare sector. This is a rare opportunity to acquire a well-maintained medical office building with significant upside potential. The property is located in Sangamon County.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Sangamon
- State
- Illinois
- Longitude
- -89.6969
- Latitude
- 39.7952
