IL > Springfield
Springfield, IL 62701,501 E CAPITOL AVE
Springfield, IL 62701,501 E CAPITOL AVE
Springfield, IL 62701,501 E CAPITOL AVE
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Shelley Berendt

Shelley Berendt

+1(217) 741-7227
Listed by Melissa Gates • Garrison Group Keller Williams
$3,350,000
Est. payment /mo
37,180 SqFt
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UPDATED:

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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Shelley Berendt

Shelley Berendt

Broker | License ID: 475.127277

+1(217) 741-7227

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501 E CAPITOL AVE

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