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    620 S 1St St Springfield, IL 62704

    For Sale
    $175,000

    Commercial - Springfield, IL

    Property size:
    7,007 SF
    Lot size:
    0.23 Acres
    Days on Market:
    261
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 620 S 1St St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    14-33.0-284-024
    Size
    7,007 SF
    Lot size
    0.23 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Flooring type
    Carpet, Tile, Vinyl, Wood
    Building materials
    Brick, Frame
    Roof type
    Composition, Shingle
    Architectural style
    Other

    The Real Estate Group, Inc. (217) 787-7000 [email protected]

    Listing agent Dan Sperry (217) 787-7000 License #475118029

    Listing date Mar 20, 2025

    MLS# CA1035075 Listing URL

    Copyright © 2025 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Springfield Restaurant Opportunity

    This landmark structure, originally built as a carriage house in the 1800s, has a history of housing several restaurants. The 7,007 square foot building is situated less than a block from the Statehouse in Springfield, IL. The property features three floors, two bars, and a full kitchen. The building, furniture, and fixtures are being offered in as-is condition. The lot size is 0.23 acres. This property presents an opportunity to rebuild a historic hospitality establishment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    FGJI Limited Chocolate Artisan vival Corporate Office

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Conn's Catering, Chef Brandis Catering

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.654566
    Latitude
    39.795468

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    FAQs

    What type of property is this?
    Restaurant - Landmark 7,000 sq ft building near the Statehouse.
    Where is this restaurant located?
    The property is located at 620 S 1St St Springfield, IL.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: - Prime location less than a block from the Statehouse.; - 7,000 sq ft building with 3 floors.; - Includes **2 bars and a full kitchen**.
    (217) 787-7000
    Request Owner's contact information
    620 S 1St St Springfield, IL 62704
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    Springfield, IL 62704
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    620 S 1St St Springfield, IL 62704
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