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Property profile & analytics

2532 Farragut Dr, Unit 2 Springfield, IL 62704-1433

  • Commercial real estate
OFF-MARKET
Last Sale
Jan 10, 2024
$200,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US28-2845155
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Fricke Penny S / Employment Agency
  • Leslie Farris / Physician
  • Brooke Wangen / Physician
  • Hennessey John MD / Pediatrician / Medical Clinic
  • Dr. Susan M. Soler, MD / Pediatrician / Medical Clinic

Property Details for 2532 Farragut Dr

Property type
Commercial real estate
APN
14-31.0-256-013
APU
14310256013

Description

This well-maintained commercial building at 2532 Farragut Drive offers 2,480 square feet of versatile space, ideal for various uses. Located in a high-traffic area near W Lawrence and W Monroe, with convenient access from Farragut Drive, this single-tenant property boasts ample parking. The building features two bathrooms, multiple office spaces, storage areas, and additional open areas, providing flexibility for tenants. The mostly finished basement adds extra space, and the main level is handicapped accessible. Currently configured as physician's offices, the space can be leased as a whole or subdivided to suit individual needs. Utilities are included in the lease. The property is zoned R3B & R5A (APN: 14-31.0-256-013). This presents a unique opportunity for businesses seeking a functional and conveniently located space. The building's layout offers a blend of private offices and open areas, catering to diverse business requirements. The inclusion of utilities simplifies operational costs, making this property an attractive option for prospective tenants.


Value Estimations

based on Realmo’s proprietary methodology
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  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Springfield
County
Sangamon
State
Illinois
Longitude
-89.6968
Latitude
39.7945
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
$20,374
$88,624
$141,826
$230,450
-
$265,872
$425,478
$691,350
More about this property
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