517 S 4TH Street
Springfield, IL, 62701
$499,900
Beds
0 Baths
0 SqFt
0 Acres
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MLS #RMACA1044692 image #0
Prime commercial property offering an exceptional opportunity for a restaurant, entertainment venue, or redevelopment project in a highly visible location overlooking the Illinois Governor’s Mansion. Designed for high-volume operations, the property includes a professional-grade kitchen with dual commercial exhaust hoods and extensive gas and electrical service. The spacious main floor accommodates approximately 118 guests, while the lower level seats an additional 125, providing an ideal setting for dining, receptions, private events, business meetings, and special occasions. A full-service bar, inviting lounge area, and outdoor patio with scenic views further enhance the guest experience. The property underwent extensive renovations in 2017, including updated HVAC, flooring, and mechanical systems, with more than $1 million invested in improvements. Offering approximately 9,000 square feet of total space, including 4,500 square feet on each level, this turnkey building is ready for immediate use. Its flexible layout and premier location also make it an excellent candidate for conversion to an event center, private club, office space, mixed-use development, or other commercial ventures. This is a rare investment opportunity combining location, versatility, and long-term value.

Property Details

Price:
$499,900
MLS #:
RMACA1044692
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Listed Date:
Jun 25, 2026
Total Sq Ft:
9,000

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Schools

Interior

Cooling
Central Air
Flooring
Carpet, Concrete
Heating
Natural Gas
Levels
Other

Exterior

Construction Materials
Brick, Frame, Other
Roof
Membrane

Financial

Tax Year
2025
Taxes
$13,015

Map

Community

Market Summary

Current real estate data for Commercial in Springfield as of Sep 19, 2026
183
Commercial Listed
958
Avg DOM
$663,992
Avg List Price

Property Summary

    517 S 4TH Street Springfield IL is a Commercial for sale in Springfield, IL, 62701. It is listed for $499,900 To schedule a showing of MLS#rmaca1044692 at 517 S 4TH Street in Springfield, IL, contact your Phil Dressen Realtors agent at (217) 254-9223.

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