Properties

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.

Features
: Forced Air
: Central Air
: Flat, Other, Tar/gravel, Sloped
: Carpet, Tile, Concrete
s-3
Address Map
US
IL
Sangamon
Springfield
CAPITOL
501
Avenue
0
W90° 21' 3.3''
N39° 47' 54.9''
Downtown Springfield on the corner of 5th and Capitol.
E
MLS Addon
Garrison Group Keller Williams
Melissa
Gates
$0
: Brick
180
: One, Three Or More, Multi-tenant, Basement, Free Standing
RMACA8406
RMACA1221
Active
14340134015
: Public Sewer
$38,477
2024
mgates@garrisongroupinc.com

Commercial Sale For Sale

501 CAPITOL Avenue, Springfield, Illinois

0 Acre
$3,100,000
Listing ID #RMACA1039367
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : RMACA1039367
Price : $3,100,000
Year Built : 1854
Lot Size : 0 Acre
Property Sub Type : Commercial
Standard Status : Active
Agent info
Gateway Realty Group
Contact Agent