Springfield, IL 62701,501 E CAPITOL AVE
Springfield, IL 62701,501 E CAPITOL AVE
Springfield, IL 62701,501 E CAPITOL AVE
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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Listed by Melissa Gates • Garrison Group Keller Williams
$ 3,350,000
Est. payment | /mo

37,180 SqFt


Save
$ 3,350,000
Est. payment | /mo
Save

37,180 SqFt

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 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 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

Nearby Locations

SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    Iles Elementary School

    Public | 1 - 8

  • 8

    Sandburg Elementary School

    Public | KG - 5

  • 6

    Springfield Ball Charter School

    Public | PK - 8

  • 5

    Butler Elementary School

    Public | PK - 5

  • 5

    Black Hawk Elementary School

    Public | KG - 5

  • 5

    Southern View Elementary School

    Public | KG - 5

  • 5

    Ridgely Elementary School

    Public | PK - 5

  • 5

    Wilcox Elementary School

    Public | KG - 5

  • 4

    Dubois Elementary School

    Public | KG - 5

  • 4

    Elizabeth Graham Elementary School

    Public | PK - 5

  • 4

    Enos Elementary School

    Public | KG - 5

  • 3

    McClernand Elementary School

    Public | PK - 5

  • 3

    Harvard Park Elementary School

    Public | PK - 5

  • 2

    Jane Addams Elementary School

    Public | KG - 5

  • 1

    Feitshans Elementary School

    Public | KG - 5

  • 1

    Fairview Elementary School

    Public | KG - 5

  • 1

    Matheny-Withrow Elementary School

    Public | KG - 5

  • 0

    Christ the King Elementary School

    Private | PK - 8

  • 0

    Calvary Academy

    Private | PK - 12

  • 0

    St Agnes Elementary School

    Private | PK - 8

Middle Schools 6
  • 7

    Lincoln Magnet School

    Public | 6 - 8

  • 5

    Benjamin Franklin Middle School

    Public | 6 - 8

  • 3

    U S Grant Middle School

    Public | 6 - 8

  • 1

    Jefferson Middle School

    Public | 6 - 8

  • 1

    Washington Middle School

    Public | 6 - 8

  • 0

    Douglas School

    Public | 6 - 12

High Schools 6
  • 7

    Springfield High School

    Public | 9 - 12

  • 1

    Lanphier High School

    Public | 9 - 12

  • 1

    Springfield Southeast High School

    Public | 9 - 12

  • 0

    Sacred Heart Griffin High School

    Private | 9 - 12

  • 0

    Springfield Learning Academy

    Public | 9 - 12

  • 0

    Lawrence Education Center

    Public | 9 - 12

School and business data provided by Attom Data.

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501 E CAPITOL AVE

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