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Three-Story Restaurant with Full Kitchen
For Sale
$175,000

620 S 1ST Street, Springfield, IL 62704

Commercial Sale, Springfield, IL

Property Size7,000 SF
Lot Size0.23 Acres
Price / SF$25
Days on Market542

Property Features for 620 S 1ST Street

General Information

Property type Commercial Sale
Property subtype Other
Directions Cook St to 1st St.
Standard status Active
APN 14-33.0-284-024
Lot size 0.23 Acres

Taxes and HOA fees

Tax Annual Amount 3507

Utilities

Sewer type Public Sewer
Heating system Forced Air
Cooling system Central Air

Amenities

2 bars

Building Details

Floors in Building 3
Flooring type Wood, Carpet, Tile
Building materials Brick, Frame
Roof type Composition
Listing Agency: The Real Estate Group, Inc.
Listed By: Dan Sperry · License #475118029
Added: Mar 13, 2025 Changed: Sep 2 Last Checked: Sep 5 at 1:06PM
MLS# CA1035075

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

Originally constructed as a carriage house in the 1800s, this three-level restaurant property offers approximately 7,000 square feet of hospitality space. The layout includes two bars and a full kitchen, with wood, carpet, and tile flooring across the building. Brick and frame construction, forced-air heat, central air, composition roofing, and public sewer service are in place. Furniture and fixtures are included in the as-is offering.

The property is located less than one block from the Statehouse in Springfield. Its established restaurant configuration and existing food-service improvements provide a defined base for continued hospitality use or future renovation, subject to applicable approvals.

Key Highlights

  • Approximately 7,000 square feet across 3 floors
  • Two bars and a full kitchen
  • Originally constructed as a carriage house in the 1800s

Property Analytics

Current Use

FGJI Limited Food Processing Plant vival Corporate Office

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Storage Facility Catering Service Pet Grooming Service Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,970
Businesses Nearby
Under-served
Demand for This Use

Demographics for 62704, IL

39,157
Population
20,706
Households
1.9
Avg Household Size
40
Median Age
42%
College-Educated
95%
High-School Grad
12.2 sq mi
ZIP Area
3,210
Density / Sq Mi
$66,352
Median Household Income
$44,793
Median Earnings
$924
Median Rent
$166,900
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Historic hospitality building with multiple levels, bar service, and a full kitchen.
Where is this conventional restaurant located?
The property is located at 620 S 1ST Street 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: Approximately 7,000 square feet across 3 floors; Two bars and a full kitchen; Originally constructed as a carriage house in the 1800s
More about this property
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