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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
72
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Listed by Melissa Gates • Garrison Group Keller Williams
$2,999,999
Est. payment /mo
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50,691 SqFt
New

501 E CAPITOL ST Springfield, IL 62701

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Kelly Dietz

Kelly Dietz

+1(563) 639-9400

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

Nearby Locations

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Kelly Dietz

Kelly Dietz

Agent

+1(563) 639-9400

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501 E CAPITOL ST