501 E CAPITOL Avenue
Springfield, IL, 62701
$3,350,000
Beds
0 Baths
0 SqFt
0 Acres
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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.

Property Details

Price:
$3,350,000
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

Subdivisions in Springfield

Market Summary

Current real estate data for Commercial in Springfield as of Oct 14, 2025
207
Commercial Listed
955
Avg DOM
128
Avg $ / SqFt
$1,141,567
Avg List Price

Property Summary

    501 E CAPITOL Avenue Springfield IL is a Commercial for sale in Springfield, IL, 62701. It is listed for $3,350,000

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