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Fully Leased Mixed-Use Property
New
For Sale
$350,000

217-219 S 5TH Street, Springfield, IL 62701

Commercial Sale, Springfield, IL

Property SizeContact for details
Days on Market2

Property Features for 217-219 S 5TH Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning S-3
Directions S. 5th St. and E. Monroe St. in downtown Springfield
Standard status Active
APN 14340107028

Taxes and HOA fees

Tax Year 2025
Tax Description OLD TOWN PLAT E 24' N 50' W1/2 L 7 B 21, OLD TOWN PLAT N 25' E1/2 L 7 B 21 OLD TOWN PLAT S 25' N 5
Tax Annual Amount 8049
Legal Description OLD TOWN PLAT E 24' N 50' W1/2 L 7 B 21, OLD TOWN PLAT N 25' E1/2 L 7 B 21 OLD TOWN PLAT S 25' N 5
Listing Agency: Keller Williams Capital · Keller Williams Realty
Listed By: James Skeeters · License #475097981
Added: Oct 12 Last Checked: Oct 13 at 1:06PM
MLS# CA1047106

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.

This mixed-use property consists of two buildings, one occupied by a restaurant and the other by a nightclub. Both buildings are leased, and the property carries S-3 zoning.

The property is at 217-219 S 5th Street in downtown Springfield, Illinois.

Key Highlights

  • Two buildings, occupied by a restaurant and a nightclub
  • Both buildings are leased
  • S‑3 zoning

Property Analytics

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Open Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Storage Facility HVAC Service Auto Parts Store Building Supply

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

Lease Details

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

3,681
Businesses Nearby

Demographics for 62701, IL

1,354
Population
832
Households
1.6
Avg Household Size
36
Median Age
35%
College-Educated
86%
High-School Grad
0.4 sq mi
ZIP Area
3,385
Density / Sq Mi
$32,444
Median Household Income
$31,472
Median Earnings
$667
Median Rent
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Mixed-use property - A restaurant and a nightclub occupy separate buildings on the property.
Where is this mixed-use property located?
The property is located at 217-219 S 5TH Street Springfield, IL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two buildings, occupied by a restaurant and a nightclub; Both buildings are leased; S‑3 zoning
More about this property
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