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501 E Capitol Street, Springfield, IL 62701

Springfield
Local realty services provided by:CENTURY 21 Tucker Swanson
501 E Capitol Street,Springfield, IL 62701
$2,999,999
  • - Beds
  • - Baths
  • 50,691 sq. ft.
  • Multi-family
  • Active
Listed by: melissa gates
Office: garrison group keller williams
MLS#:CA1046897
Source:IL_CAAR

Price summary

  • Price:$2,999,999
  • Price per sq. ft.:$59.18

About this home

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...

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Home facts

  • Year built:1978
  • Subdivision & Development:None
  • Listing ID #:CA1046897
  • Added:22 day(s) ago
  • Updated:October 24, 2026 at 02:17 PM

Rooms and interior

  • Basement Description:Full, Unfinished
  • Living area:50,691 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Electric, Forced Air, Hot Water
  • Central air:Yes

Structure and exterior

  • Roof:Rubber
  • Year built:1978
  • Building area:50,691 sq. ft.
  • Lot area:0.36 Acres
  • Construction Materials:Brick

Schools

  • High school:Springfield District #186

Finances and disclosures

  • Price:$2,999,999
  • Price per sq. ft.:$59.18
  • Tax amount:$39,766 (2025)

Parking

  • Parking description:On Street

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