2524 Farragut DrSpringfield, IL 62704

For Sale
$1,200,000

18,000 SF Multi-Tenant Medical Office

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

Highlights

  • $1,200,000 asking price ($66.67/SF).
  • 18,000 square foot multi-tenant medical office building.
  • Located in Springfield, IL (2524 Farragut Dr, 62704) on two parcels (APN 14310256007 & 14310256008), zoned R-5A.
  • Partially leased with immediate income and lease-up potential.
  • 12,000 SF with recently updated roof and HVAC.
  • Large basement for ample storage.

Location Insight

City
Springfield
County
Sangamon
State
Illinois
Latitude
39.7951587
Longitude
-89.6969338
2524 Farragut Dr, Springfield, Illinois

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2524 Farragut Dr
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