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Listed by Melissa Gates • Garrison Group Keller Williams
$3,350,000
Est. payment /mo
37,180 SqFt
New
501 E CAPITOL AVE Springfield, IL 62701
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Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 37,180 sqft
Price per Sqft $90
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 fully leased, 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. A high sought after living with a continued waitlist. 3 separate office spaces, 2 currently with long term lease agreements and 1 empty shell. A turnkey investment totaling at 37,180 sqft. Full basement with a full kitchen, bathrooms, and more! This space has a ton of additional potential. 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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