Centre@501
501 East Capitol Avenue, Springfield, IL 62701
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.
Building Details
- For Sale $2,999,999
- Property Type Other
- Property Size 50,691 SF
- Additional Rent Price on request
- # of Floors 3
- Property Tenancy Multi-Tenant
- Building Class A
- Year Built 1978
- Year Renovated 2019
- Date Updated Oct 1, 2026
Reach out to the broker for more info on lease terms and amenities
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Contacts
KW Commercial | Garrison Group
Location
- City Springfield, IL
- Neighborhood Downtown Springfield
- Zip Code 62701
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Walk score 82/100 Very Walkable -
Transit score 49/100 Some Transit -
Bike score 76/100 Very Bikeable
Points of Interest
Springfield
0.30 miles
Marathon
0.37 miles
Citgo
0.81 miles
Moto Mart
0.83 miles
Gas Depot
1.08 miles
Qik-N-EZ
1.19 miles
BP
1.27 miles
Casey's General Store
1.33 miles
Express Mart
1.60 miles
Circle K
1.61 miles
Mobil
1.68 miles
Herndon Parking Ramp
0.07 miles
Christ Church Parking
0.13 miles
Municipal Parking Deck
0.17 miles
Lincoln Home Parking
0.18 miles
Municipal Parking
0.23 miles
Bank of Springfield Center Parking
0.23 miles
Sangamon County Parking Lot
0.25 miles
Elijah Iles House Visitor Parking
0.31 miles
Dana-Thomas House Parking
0.34 miles
Monthly Parking
0.35 miles
Tropical Rain Car Wash
1.28 miles
Water Works Car Wash
1.67 miles
U-Haul
2.08 miles
Quality Car Wash
2.14 miles
Sparkling Clean Car Wash
2.24 miles
Enterprise
2.30 miles
Rainstorm Car Wash
2.44 miles
Hertz
2.50 miles
On Track Car Wash
2.54 miles
Car Rental Wash Bay
3.31 miles
Head West
0.05 miles
Aunt Lou's Soul Food
0.05 miles
Gallina's Pizza
0.07 miles
Maldaner's Restaurant
0.09 miles
Jimmy John's
0.09 miles
La Piazza Cucina Italiana
0.09 miles
Jerk Shop Go
0.10 miles
Replay Lounge
0.10 miles
3rd Shift Kitchen
0.11 miles
6 St. Cafe
0.11 miles
The Keep Store
0.19 miles
County Market
0.58 miles
Humphrey's Market
1.33 miles
Save-A-Lot
1.66 miles
Robert's Seafood Market
1.82 miles
Hy-Vee
1.93 miles
JCPenney
2.23 miles
Little World International
2.44 miles
Schnucks
2.57 miles
Big Lots
3.35 miles
Springfield Police Department
0.21 miles
Fire Station #1
0.25 miles
Complete Care Pharmacy
0.30 miles
Illinois State Police Troop 6 - Springfield Post
0.38 miles
Prairie Heart Institute
0.48 miles
HSHS Saint John's Hospital
0.52 miles
Springfield Clinic Main Campus East
0.53 miles
Springfield Clinic Main Campus West
0.53 miles
HSHS Women & Children's Clinic
0.57 miles
SIU Center For Family Medicine
0.58 miles
Listing Summary
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Property Financials 501 East Capitol Avenue is currently listed for sale at $2,999,999 for a price per square foot of $59.18.
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Property Details 501 East Capitol Avenue totals 50,691 square feet of Mixed Use space across 3 floors. The property was initially built in 1978, being last renovated in 2019.
Based on its location, amenities, and finishes, the property is listed as class A.
Tenancy at 501 East Capitol Avenue is listed as Multi-Tenant.
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Area Characteristics 501 East Capitol Avenue is located in the Downtown Springfield neighborhood.
In terms of ease of commuting, the area has a walk score of 82, indicating that it is very walkable.
KW Commercial | Garrison Group
