Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Hospital Children's Hospital
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Medical Clinic
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Medical Clinic
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Physician
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Employment Agency
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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