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Vacant Former Dentist | Retail Thoroughfare 2965 S MacArthur Blvd 6,900 SF Vacant Office Building Online Auction Sale Springfield, IL 62704
Matterport 3D Tour
Investment Highlights
- Investors and owner/users can capitalize on this vacant medical office building at the high-traffic intersection of MacArthur Blvd and Wabash Ave.
- Turnkey opportunity for businesses with built-out treatment rooms, reception stations, break rooms, and private offices.
- Surrounded by a plethora of retailers and restaurants such as CVS, Pizza Hut, Steak ‘n Shake, Subway, Dollar Tree, Firestone, and more.
- Positioned for success in a major retail corridor on S MacArthur Boulevard, which sees lofty traffic counts of 28,159 vehicles daily.
- Near HSHS St. John's Hospital, which has 457 licensed beds and is a primary teaching hospital for the Southern Illinois University School of Medicine.
Executive Summary
NAI Columbia is pleased to present 2965 S MacArthur Boulevard in Springfield, Illinois, an excellent opportunity for an owner/occupier or value-add investor.
This vacant medical office building, spanning 6,900 square feet, is ready for its next use. The property boasts a simple, well-maintained brick façade designed for longevity and a welcoming appearance. With two stories, it efficiently maximizes on-site floor space. Located on a 0.95-acre lot, there is ample parking available to accommodate both patients and staff. Originally built in 1990, the building has been maintained over the years, offering turnkey ownership for buyers. Formerly home to Affordable Dentistry Today (Heartland Dental as DSO), the space presents excellent potential for dental, medical, healthcare, or similar uses. Investors have the opportunity to purchase and lease the property at market rates, while owner/users can operate their own businesses here. The possibilities are limitless.
This property presents a strategic opportunity for buyers thanks to its prominent visibility and proven track record. It is positioned at a highly visible intersection and lies less than 2 miles from HSHS St. John's Hospital, the primary teaching hospital for the Southern Illinois University School of Medicine. The site benefits from strong medical synergy. In 2025, Southern Illinois University earned recognition as a Research 1 (R1) institution in the Carnegie Classification of Institutions of Higher Education. This honor places the university among the top 5% of research universities in the United States. The property also sits at the meeting point of two major retail corridors, which attract substantial consumer activity. Nearby businesses, including Planet Fitness, Dairy Queen, and Burger King, contribute to consistently high traffic levels in the area.
The area's demographics are favorable for buyers looking to make their next purchase. Within a 3-mile radius, the population is growing, with household incomes averaging $79,394. Most residents own their homes, contributing to a stable and engaged community. In addition, this area supports a robust workforce of 73,150 employees within the same distance.
Property tours are available by appointment only. Please contact the listing broker to schedule.
This vacant medical office building, spanning 6,900 square feet, is ready for its next use. The property boasts a simple, well-maintained brick façade designed for longevity and a welcoming appearance. With two stories, it efficiently maximizes on-site floor space. Located on a 0.95-acre lot, there is ample parking available to accommodate both patients and staff. Originally built in 1990, the building has been maintained over the years, offering turnkey ownership for buyers. Formerly home to Affordable Dentistry Today (Heartland Dental as DSO), the space presents excellent potential for dental, medical, healthcare, or similar uses. Investors have the opportunity to purchase and lease the property at market rates, while owner/users can operate their own businesses here. The possibilities are limitless.
This property presents a strategic opportunity for buyers thanks to its prominent visibility and proven track record. It is positioned at a highly visible intersection and lies less than 2 miles from HSHS St. John's Hospital, the primary teaching hospital for the Southern Illinois University School of Medicine. The site benefits from strong medical synergy. In 2025, Southern Illinois University earned recognition as a Research 1 (R1) institution in the Carnegie Classification of Institutions of Higher Education. This honor places the university among the top 5% of research universities in the United States. The property also sits at the meeting point of two major retail corridors, which attract substantial consumer activity. Nearby businesses, including Planet Fitness, Dairy Queen, and Burger King, contribute to consistently high traffic levels in the area.
The area's demographics are favorable for buyers looking to make their next purchase. Within a 3-mile radius, the population is growing, with household incomes averaging $79,394. Most residents own their homes, contributing to a stable and engaged community. In addition, this area supports a robust workforce of 73,150 employees within the same distance.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Matterport 3D Tour
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Map
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Purchase Agreement
- Operating and Financial Statements
- Title and Insurance
- Miscellaneous
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Property Subtype
Medical
Building Size
6,900 SF
Building Class
C
Year Built
1990
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,450 SF
Building FAR
0.17
Lot Size
0.95 AC
Parcel Number
22-08.0-278-039
Zoning
OFF - City of Springfield
Parking
50 Spaces (7.25 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Partitioned Offices
- Air Conditioning
Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (74)
About Springfield/Decatur
As the state capital of Illinois, Springfield and the region employ over 35,000 people who work out of 3.6 million square feet of office space across over 130 locations in the area. Its largest subsector is healthcare and human services, which employs 4,300 people, followed by the Department of Corrections and the Environmental Protection Agency, with 1,600 and 1,300 workers, respectively.
In 2023, The Wall Street Journal rated Springfield as the highest-ranking metropolitan area in Illinois. According to the Springfield Sangamon Growth Alliance (SSGA) CEO Ryan McCrady, the area is expecting to receive more than $1.5 billion in economic development opportunities over the next few years.
The adjacent office market to Springfield is Decatur, Illinois, the “Soybean Capital of the World.” Here, the number two crop for the state—and the number one agricultural export—is grown. Soybeans are used in everything from animal feed to printer ink.
As such, Decatur’s top industries pivot around agribusiness. Food processor giant ADM’s largest location and employee base is here, where over 4,300 people live and work out of almost 3 million square feet of office and industrial spaces. Other large employers include agrichemical company Sygenta, with 350 employees, and construction and farming equipment manufacturer Caterpillar, with 150 workers based here.
During the second half of 2023, the Macon, Piatt, and Champaign counties won the prestigious iFAB Tech Hub designation, which showcases the area for rapid growth potential within key technology industries like biomanufacturing. The area stands to gain between $45 million and $75 million in federal funding.
Combined, these two central-state economic hubs have easy access to five Class I commercial railroads and interstates 55, 77, and 57, plus an abundant natural gas supply.
Demographics
Demographics
1 mile
3 mile
5 mile
2024 Population
10,671
69,569
124,390
2020 Population
10,737
68,291
121,045
2029 Population
10,562
69,193
123,927
2024-2029 Projected Population Growth
-1.0%
-0.5%
-0.4%
Daytime Employees
4,910
73,150
128,570
Total Businesses
659
6,703
10,240
Average Household Income
$68,758
$73,154
$79,394
Median Household Income
$56,040
$55,858
$60,760
Total Consumer Spending
$125.4M
$822.8M
$1.5B
Median Age
37.0
39.6
40.7
2024 Households
5,101
32,303
55,694
Percent College Degree or Above
18%
19%
19%
Average Home Value
$154,497
$167,632
$189,540
$ values in USD
Sale Advisors
Sale Advisors
Patrick Palmer, Director of Retail Services | Principal
Patrick Palmer is a Principal and Broker with NAI Columbia and has extensive experience across the southeast in brokerage and development. Palmer’s primary focus is retail and general commercial. Before joining NAI Columbia, Palmer served as President and Broker in Charge of IAP Company, a family-owned real estate enterprise that has developed real estate for over 50 years in Columbia. Palmer has been a member of ICSC since 2000, and in 2006, he obtained the prestigious CCIM (Certified Commercial Investment Member) award and subsequently served on several national committees and now has a seat on CCIM’s National Board of Directors.
From 2003 to 2014, Palmer served on the Richland County Planning Commission where he chaired the commission for six of those years. In 2022, Palmer transacted over 37 million dollars in CRE sales and leases and has been named the Retail Leasing Power Broker of the Year and Quarter multiple times, most recently in 2022. Over the past 23 years, Patrick’s real estate experience included: landlord/tenant representation; site selection; land acquisition; disposition and development; buyer/seller representation; investment sales; and zoning and permitting processing.
From 2003 to 2014, Palmer served on the Richland County Planning Commission where he chaired the commission for six of those years. In 2022, Palmer transacted over 37 million dollars in CRE sales and leases and has been named the Retail Leasing Power Broker of the Year and Quarter multiple times, most recently in 2022. Over the past 23 years, Patrick’s real estate experience included: landlord/tenant representation; site selection; land acquisition; disposition and development; buyer/seller representation; investment sales; and zoning and permitting processing.
Bobby Balboni, CCIM, Broker
Bobby joined NAI as a brokerage associate in June 2019 after interning with the firm during his junior and senior year at the University of South Carolina. Bobby works alongside Patrick Palmer, Principal and Director of Retail Services. Their team’s focus is on retail and general commercial properties in the Midlands. Bobby specializes in landlord, seller and tenant representation. Bobby graduated Summa Cum Laude from the University of South Carolina in May of 2019, where he studied Finance and Real Estate. During his undergrad years Bobby tutored peers in finance and accounting courses, served as the Sports Editor for The Daily Gamecock, and was a member of the Carolina Finance & Investment Association. Before moving to Columbia, Bobby grew up on Buzzards Bay in southeastern Massachusetts.
Sam Edens, Brokerage Associate
Born and raised in Columbia, South Carolina, Sam enjoys outdoor activities such as golfing and hunting. He joined NAI Columbia in July of 2024 upon graduating with a major in Retail Management, at the University of South Carolina. After interning with Patrick Palmer and Bobby Balboni for half a year, he has officially joined as a member of the team, leveraging their diverse range of experience to cater to their clients’ needs across the Midlands.
About the Auction Technology
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Auction Contact
Molly Patten
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Vacant Former Dentist | Retail Thoroughfare | 2965 S MacArthur Blvd
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Vacant Former Dentist | Retail Thoroughfare | 2965 S MacArthur Blvd
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