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    501 E CAPITOL ST, Springfield, IL 62701
    501 E CAPITOL ST, Springfield, IL 62701
    501 E CAPITOL ST, Springfield, IL 62701
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    Brandi Griswold

    Brandi Griswold

    +1(217) 242-3641
    Listed by Melissa Gates • Garrison Group Keller Williams
    $2,999,999
    Est. payment /mo
    50,691 SqFt
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    UPDATED:

    Key Details

    Property Type Single Family Home, Multi-Family

    Sub Type Residential Income

    Listing Status Active

    Purchase Type For Sale

    Square Footage 50,691 sqft

    Price per Sqft $59

    MLS Listing ID CA1046897

    Year Built 1978

    Annual Tax Amount $39,766

    Tax Year 2025

    Lot Size 0.360 Acres

    Acres 0.36

    Property Sub-Type Residential Income

    Source rmlsa

    Property Description

    Apartments fully occupied. 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.

    Location

    State IL

    County Sangamon

    Area Springfield

    Zoning S-3

    Direction located on the corner of 5th and capitol

    Rooms

    Basement Full, Unfinished

    Interior

    Heating Electric, Forced Air, Hot Water

    Cooling Central Air

    Fireplace N

    Exterior

    View true

    Roof Type Other,Rubber

    Garage 1

    Building

    Lot Description Corner Lot

    Faces located on the corner of 5th and capitol

    Unit Features [{\"UnitTypeBedsTotal\":16,\"UnitTypeType\":\"Unit 1\",\"RMA_FullBaths\":\"16\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":1200,\"RMA_NumberParking\":\"0\",\"RMA_NumberUncovered\":\"0\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1421414Group_1\"},{\"UnitTypeBedsTotal\":9,\"UnitTypeType\":\"Unit 2\",\"RMA_FullBaths\":\"9\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":1300,\"RMA_NumberParking\":\"0\",\"RMA_NumberUncovered\":\"0\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1421414Group_2\"}]

    Sewer Private Sewer

    Water Private

    Structure Type Brick

    New Construction false

    Schools

    High Schools Springfield District #186

    Others

    Tax ID 14340134015

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    Brandi Griswold

    Brandi Griswold

    +1(217) 242-3641

    Agent License ID: 475.123780

    Agent License ID: 475.123780

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