What is the asking price for Centre@501?

The lease rate for space here is Contact for pricing.

What type of property tenancy can you find at Centre@501?

This property is listed as Multi-Tenant.

What is the total size of Centre@501?

The property has a total square footage of 50,691 SF.

How many parking spaces are available at Centre@501?

Parking information for the property isn't currently listed. However, other nearby parking options include Herndon Parking Ramp, located 0.07 miles away , and Christ Church Parking, which is 0.13 miles away.

501 East Capitol Avenue, Springfield, IL 62701

For Sale $3,100,000
Property Type Other
# of Floors 3
Property Tenancy Multi-Tenant
Building Class A
Year Built 1854
Year Renovated 2019
Date Updated May 31, 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. A high sought after living

with a continued waitlist. 3 separate office spaces, 1 currently with a new 7 year lease agreement with 3% annual increases. 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.