Centre@501

501 East Capitol Avenue, Springfield, IL 62701

Property Information

  • 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.

Contacts

Location

Located at 501 East Capitol Avenue, Springfield, IL 62701, this property is part of the Downtown Springfield neighborhood.

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