501 E CAPITOL AVE, Springfield, IL 62701
501 E CAPITOL AVE, Springfield, IL 62701
501 E CAPITOL AVE, Springfield, IL 62701
58
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Listed by Melissa Gates • Garrison Group Keller Williams
$2,999,999
Est. payment /mo
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50,691 SqFt
Active

501 E CAPITOL AVE Springfield, IL 62701

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Molly Mekus

Molly Mekus

+1(563) 202-0433

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 50,691 sqft

Price per Sqft $59

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 Tar/Gravel,Flat,Sloped,Other

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 SCHOOL & BUSINESS

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Molly Mekus
Molly Mekus

Realtor IA S64880000IL 475.172617

+1(563) 202-0433

www.mollymekusrealtor.com

5525 Meredith Drive Suite E, Moines, IA 50310, United States

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501 E CAPITOL AVE