2651 Farragut DrSpringfield, IL 62704

  • Other commercial real estate
  • 0.67 AC
For Lease
$16.95/SF/YR View listing

Property Details for 2651 Farragut Dr

Lot size
0.67 AC
Property type
Other commercial real estate
APN
14-31.0-401-022
APU
14310401022

Description

This exceptional commercial property at 2651 Farragut Drive in Springfield, Illinois, offers a versatile office space ideal for a single tenant. Located conveniently just north of the LRS complex on Monroe, this property features a total of 8,263 square feet, divided between two floors. The second floor comprises 3,077 square feet of well-designed office space, including seven private offices and a spacious open area perfect for cubicles or a collaborative workspace. The first floor offers an additional 5,186 square feet, providing the opportunity to lease the entire 8,263 square feet or just the second floor, depending on your specific needs. The property is zoned for commercial use and sits on a parcel identified by APN 14-31.0-401-022. This single-tenant building presents a unique opportunity to establish a prominent presence in a desirable Springfield location. The property is classified as both Land and Office, offering flexibility for various business operations. The address is 2651 Farragut Drive, Springfield, IL 62704. This prime location provides easy access to key transportation routes and nearby amenities. Contact us today to learn more about this outstanding commercial real estate opportunity.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $8,937,383
    Hospitality
    $8,186,595
    Educational
    $6,811,151
    Medical
    $7,045,397
    Retail
    $10,595,124
2651 Farragut Dr, Springfield, Illinois
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Location Insight

City
Springfield
County
Sangamon
State
Illinois
Latitude
39.7932
Longitude
-89.6999
CBSA code
44100
CBSA name
SPRINGFIELD, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$14,672
$60,902
$105,053
$165,955
-
$182,706
$315,159
$497,865

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