501 CAPITOL Avenue, Springfield, IL, 62701
Garrison Group Keller WilliamsBasics
- Date added: Added 2 months ago
- Category: Commercial
- Type: Commercial Sale
- Status: Active
- Year built: 1854
- ListOfficeName: Garrison Group Keller Williams
- ListAOR: rmlsa
- MLS ID: RMACA1039367
Description
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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, 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.
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Location
- CountyOrParish: Sangamon
- Directions: Downtown Springfield on the corner of 5th and Capitol.
Building Details
- NewConstructionYN: No
- Building Name: Centre@501
- Heating: Forced Air
- Exterior material: Brick
- Roof: Flat, Other, Sloped, Tar/Gravel
Amenities & Features
- Waterfront available: No
- GarageYN: No
- AttachedGarageYN: No
- FireplaceYN: No
- PoolPrivateYN: No
- Cooling: Central Air
