Historic Mixed-Use
501 E Capitol Avenue Springfield, IL 62701
For Sale
$3,100,000
Historic building converted to 25 apartments with in-unit washer/dryers plus office and commercial spaces.
Property Size50,691 SF
Price / SF$61.15
Days on Market343
Property Features for 501 E Capitol Avenue
General Information
- Standard status
- Active
- Size
- 50,691 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1854
Listing Agency:
Garrison Group Keller Williams
(217) 303-8445
Listed By:
Melissa Gates · License #475.216468,ILLINOIS
Source:
Xome
Added: Aug 18, 2025
Changed: Jul 22
Last Checked: Jul 25 at 2:23AM
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.
Originally constructed in 1854 as the First United Methodist Church, this iconic structure has been rehabilitated in 1978 and again in 2019. The property features 25 apartments, each equipped with an in-unit washer and dryer, updated appliances, a large full bathroom, and island. Floorplans vary by unit. In addition, there are three separate office spaces, with one currently covered by a long-term lease agreement, along with two additional commercial spaces. A full basement includes a full kitchen, bathrooms, and additional space.
Located at 501 E Capitol Avenue in Springfield, Illinois, the building is presented as a mixed-use asset in a central downtown setting.
This offering combines residential income units with multiple commercial/office configurations within a historic, rehabilitated shell and provides extra functional space through the full basement.
Located at 501 E Capitol Avenue in Springfield, Illinois, the building is presented as a mixed-use asset in a central downtown setting.
This offering combines residential income units with multiple commercial/office configurations within a historic, rehabilitated shell and provides extra functional space through the full basement.
Key Highlights
- Historic building originally constructed in 1854 as the First United Methodist Church
- 25 apartments with in‑unit washer and dryers and updated appliances
- Each apartment offers a different floorplan; mix of layouts throughout the building
Property Analytics
Location Intelligence
Current Use by Public Records
The Greater Springfield Chamber ...
Business Service Center
Centre@501
Apartment Building
FAQs
What type of property is this?
Apartment building - Historic building converted to 25 apartments with in-unit washer/dryers plus office and commercial spaces.
Where is this apartment building located?
The property is located at 501 E Capitol Avenue Springfield, IL.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Historic building originally constructed in 1854 as the First United Methodist Church; 25 apartments with in‑unit washer and dryers and updated appliances; Each apartment offers a different floorplan; mix of layouts throughout the building
