501 E CAPITOL Avenue
Springfield, IL, 62701
$3,100,000
Beds
0 Baths
0 SqFt
0 Acres
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MLS #RMACA1039367 image #0
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.

Property Details

Price:
$3,100,000
MLS #:
RMACA1039367
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Listed Date:
Sep 22, 2025
Total Sq Ft:
37,180
Year Built:
1854
Centre@501

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Schools

Interior

Cooling
Central Air
Flooring
Carpet, Concrete, Tile
Heating
Forced Air

Exterior

Construction Materials
Brick
Roof
Flat, Other, Sloped, Tar/Gravel

Financial

Tax Year
2024
Taxes
$38,477

Map

Community

Market Summary

Current real estate data for Commercial in Springfield as of Mar 15, 2026
175
Commercial Listed
952
Avg DOM
117
Avg $ / SqFt
$687,458
Avg List Price

Property Summary

    501 E CAPITOL Avenue Springfield IL is a Commercial for sale in Springfield, IL, 62701. It is listed for $3,100,000

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