- For Sale $2,999,999
- Property Type Other
- # of Floors 3
- Property Tenancy Multi-Tenant
- Building Class A
- Year Built 1854
- Year Renovated 2019
- Date Updated Jul 28, 2026
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.
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Contacts
KW Commercial | Garrison Group
Location
Located at 501 East Capitol Avenue, Springfield, IL 62701, this property is part of the Downtown Springfield neighborhood.
KW Commercial | Garrison Group