1905 Montana Dr Springfield, IL 62704
- Commercial real estate
- 0.37 lot acres
Current Use by Public Records
- Link Baines Dental / Dentist
- Bethesda Lutheran Home / Physical Therapy Clinic
- Sartaj Singh / Dentist
- Jacobs and Middleton Family Dentistry / Dentist
- Middleton Dental / Dental Clinic
Property Details for 1905 Montana Dr
- Lot size
- 0.37 lot acres
- Property type
- Commercial real estate
- APN
- 22-07.0-230-002
- APU
- 22070230002
Description
This Springfield, IL office building (13,620 total square feet) offers a flexible lease opportunity. The two-story, Class B building, constructed in 2003, features 4 suites, with 3,520 square feet currently vacant and divisible down to 2,065 square feet. The maximum contiguous space available is 3,520 square feet. The building boasts a convenient location on Montana Dr, near major roadways (Chatham Rd and Wabash Ave) and White Oaks Mall, in a mixed-use area with residential and commercial neighbors. Amenities include 52 parking spaces, an elevator, and a welcoming lobby. The vacant suite (3,520 SF) previously housed a dental office and offers a versatile layout adaptable to various professional or medical uses, including multiple exam rooms, a lab area, an executive office with a private restroom, a break room with washer/dryer hookups, and ample storage. The landlord is open to tenant improvements. The 0.74-acre lot is zoned R-5c, Office District (APN: 22-07.0-230-002, 22-07.0-230-003). Tenants are responsible for electric, gas, interior maintenance, janitorial services, phone/data/internet, and trash removal reimbursement. This property presents a compelling opportunity for businesses seeking a well-maintained, adaptable space in a desirable Springfield location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,075,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,275,000
- 6.5%
- $1,075,000
- 7%
- $1,280,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,020,000
- Geo Method
- $1,295,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,160,000
- Retail
- $1,360,000
- Mixed-Use
- $1,205,000
- Hospitality
- $995,000
- Educational
- $1,200,000
- Residential Income
- $1,325,000
- Energy
- $990,000
- Income-Based Land
- $1,250,000
- Food Service
- $1,220,000
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Sangamon
- State
- Illinois
- Longitude
- -89.688
- Latitude
- 39.7712
- CBSA code
- 44100
- CBSA name
- SPRINGFIELD, IL METROPOLITAN STATISTICAL AREA
