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    501 E CAPITOL AVE, Springfield, IL 62701
    501 E CAPITOL AVE, Springfield, IL 62701
    501 E CAPITOL AVE, Springfield, IL 62701
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    Jackie Weisenburger

    Jackie Weisenburger

    +1(217) 430-9353
    Listed by Melissa Gates • Garrison Group Keller Williams
    $3,100,000
    Est. payment /mo
    50,691 SqFt
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    UPDATED:

    Key Details

    Property Type Commercial

    Sub Type Commercial

    Listing Status Active

    Purchase Type For Sale

    Square Footage 50,691 sqft

    Price per Sqft $61

    MLS Listing ID CA1039367

    Year Built 1854

    Annual Tax Amount $38,477

    Tax Year 2024

    Property Sub-Type Commercial

    Source rmlsa

    Property Description

    Rare opportunity to own a mixed use masterpiece in the heart of downtown Springfield IL. Originally constructed in 1854 as the First United Methodist Church, this iconic structure has stood as a pillar of architectural heritage for decades. Thoughtfully rehabilitated in 1978 and again in 2019. It now offers a seamless blend of historic charm and contemporary living. 25 apartments, each with in unit washer and dryers, Island, large full bathroom, updated appliances, with every unit offering a different floorplan. 3 separate office spaces, 1 currently with long term lease agreement and 2 additional commercial spaces. A turnkey investment. Full basement with a full kitchen, bathrooms, and more! This space has a ton of additional potential, and income while currently sitting at an impressive NOI. Whether you're drawn to its storied past or its strong financial future, this building delivers both character and performance. A cornerstone of Springfields urban fabric, ready for its next visionary owner.

    Location

    State IL

    County Sangamon

    Area Springfield

    Zoning s-3

    Direction Downtown Springfield on the corner of 5th and Capitol.

    Interior

    Heating Forced Air

    Cooling Central Air

    Flooring Carpet, Concrete, Tile

    Fireplace N

    Exterior

    View true

    Roof Type Flat,Other,Sloped,Tar/Gravel

    Garage 1

    Building

    Faces Downtown Springfield on the corner of 5th and Capitol.

    Sewer Public Sewer

    Structure Type Brick

    Others

    Tax ID 14340134015

    Security Features No

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    Jackie Weisenburger

    Jackie Weisenburger

    +1(217) 430-9353

    Broker | License ID: 475.141177

    Broker License ID: 475.141177

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