Historic Wedding Venue
For Lease
$525,000
1500 N 5th Street, Springfield, IL 62702
Restored historic mansion with an event-oriented layout and individual second-floor office rentals.
Space SizeContact for details
Days on Market25
Property Features for 1500 N 5th Street
General Information
Standard status
Active
Property subtype
Commercial
Property Condition
Severity
Repairs Needed
Evidence
needed repairs
Additional Details
Space Use
Office
Taxes and HOA fees
Annual Taxes
$22,381
Building Details
Year Built
1869
Listing Agency:
Garrison Group Keller Williams
Listed By:
Larry Sapp (lsapp@garrisongroupinc.com)
Source:
Curveyrealestate
Added: Aug 6
Changed: Aug 29
Last Checked: Aug 30 at 5:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Garrison Group Keller Williams
Investment Insights
Based on property information with market context.
Built in 1869, this mansion is listed on the National Historic Registry and is currently configured for event use. The property also contains 8 individual office rentals on the second floor, creating a separate office component within the building. The events business and personal property are excluded from the offering, although they may be acquired under a separate agreement.
Recent work includes inspections and required repairs completed in 2024, partial roof replacement in 2025, replacement of the south-side steel basement door in 2023, a 2022 water heater, 2017 HVAC, and new front gutters and downspouts installed in 2023. The building has nine fireplaces, with one currently usable and requiring a new liner. Events are booked throughout 2026.
Recent work includes inspections and required repairs completed in 2024, partial roof replacement in 2025, replacement of the south-side steel basement door in 2023, a 2022 water heater, 2017 HVAC, and new front gutters and downspouts installed in 2023. The building has nine fireplaces, with one currently usable and requiring a new liner. Events are booked throughout 2026.
Key Highlights
- Built in 1869 and listed on the National Historic Registry
- Current event‑use configuration with 8 individual second‑floor office rentals
- Partial roof replacement completed in 2025
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
Explore this area
Business Placement
Demographics for 62702, IL
33,712
Population
17,083
Households
2
Avg Household Size
41
Median Age
20%
College-Educated
90%
High-School Grad
15.4 sq mi
ZIP Area
2,189
Density / Sq Mi
$52,748
Median Household Income
$38,160
Median Earnings
$858
Median Rent
$102,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Wedding venue - Restored historic mansion with an event-oriented layout and individual second-floor office rentals.
Where is this wedding venue located?
The property is located at 1500 N 5th Street Springfield, IL.
What is the lease rate?
The lease rate is $525,000.
What are key features of this property?
This property features: Built in 1869 and listed on the National Historic Registry; Current event‑use configuration with 8 individual second‑floor office rentals; Partial roof replacement completed in 2025
