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501 E Capitol Avenue

Springfield, IL 62701
  • $3,350,000
  • STATUS: Active
  • ON SITE: 122 Days
  • ID#: CA1039367
UPDATED: 38 min ago
$3,350,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1854
County:
Area:

School Ratings & Info

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 agreements and 1 empty shell. 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.

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© 2026 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Ashley Coker Team | The Real Estate Group. Data last updated: 2026-01-23T17:44:49.297.
www.ashleycoker.com/homes/168133615
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501 E Capitol Avenue Springfield, IL 62701

  • Price: $3,350,000
  • Status: Active
  • On Site: 122 Days
  • Updated: 38 min ago
  • ID#: CA1039367
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1854
Built
Neighborhood:
Springfield
County:
Sangamon
Area:
Springfield
Property 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 agreements and 1 empty shell. 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.
Exterior Features

Construction Materials Brick Roof FlatOtherSlopedTar/Gravel

Interior Features

Building Area Total 37180 Common Laundry YN No Cooling Central Air Flooring CarpetConcreteTile Handicap Modified Yes Heating Forced Air Individual Laundry YN Yes

Property Features

Agent Owned No Building Name Centre@501 Financing Cash OnlyCommercialConventionalOther Frontage Type City StreetCorner Lot Levels OneThree Or MoreBasementFree StandingMulti-Tenant Owner Pays Water Possible Use InvestmentMulti-FamilyOffice Security System YN No Sewer Public Sewer Sprinkler YN Yes Tax Annual Amount 38477 Tax Incentive1 Other Tax Incentive Tax Legal Description P.P. ENOS ADDN S 100' L 5 B 1 Tax Year 2024 Tenant Pays Trash CollectionElectricityHeat Type Commercial Zoning s-3

Listing provided courtesy of Melissa Gates of Garrison Group Keller Williams: .
© 2026 RMLS Alliance, LLC. All Rights Reserved.


© 2026 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Ashley Coker Team | The Real Estate Group. Data last updated: 2026-01-23T17:44:49.297.
 
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Ashley Coker Team | The Real Estate Group
3701 W. Wabash Ave.
Springfield IL, 62711