Restaurant Building with
For Sale
$499,900
517 S 4TH Street, Springfield, IL 62701
COMMERCIAL - Springfield, IL
Property Size9,000 SF
Price / SF$55.54
Days on Market49
Property Features for 517 S 4TH Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
H-2
Directions
Down town 04th Street
Standard status
Active
APN
14-34.0-156-023
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
13015
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Amenities
full-service bar
lounge area
Building Details
Flooring type
Carpet, Concrete
Building materials
Brick, Frame
Roof type
Membrane
Listing Agency:
Keller Williams Capital · Keller Williams Realty
(217) 303-8445
Listed By:
Khaled Hussein
(217) 801-7749
Added: Jun 25
Changed: Aug 4
Last Checked: Aug 12 at 8:06AM
MLS# CA1044692
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.
Restaurant building at 517 S 4TH Street, Springfield, IL, zoned H-2 and built with brick and frame construction. The property is designed to support high-volume operations with a professional-grade kitchen featuring dual commercial exhaust hoods and extensive gas and electrical service. Flooring includes carpet and concrete, with natural gas heating and central air cooling. The roof is membrane.
The main floor accommodates approximately 118 guests, and the lower level seats an additional 125. A full-service bar, lounge area, and an outdoor patio with scenic views round out the guest experience for dining, receptions, private events, business meetings, and special occasions. Public sewer service is available.
Extensive renovations were completed in 2017, including updated HVAC, flooring, and mechanical systems. With approximately 9,000 total square feet (about 4,500 square feet on each level), the layout offers flexibility for uses such as an event-focused restaurant concept, event center, private club, office space, or other commercial ventures.
The main floor accommodates approximately 118 guests, and the lower level seats an additional 125. A full-service bar, lounge area, and an outdoor patio with scenic views round out the guest experience for dining, receptions, private events, business meetings, and special occasions. Public sewer service is available.
Extensive renovations were completed in 2017, including updated HVAC, flooring, and mechanical systems. With approximately 9,000 total square feet (about 4,500 square feet on each level), the layout offers flexibility for uses such as an event-focused restaurant concept, event center, private club, office space, or other commercial ventures.
Key Highlights
- Dual commercial exhaust hoods with extensive gas and electrical service
- Approximately 118 guest seats on the main floor plus 125 on the lower level
- Approximately 9,000 total SF with about 4,500 SF per level
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
3,048
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant building zoned H-2 with a professional kitchen, full bar, lounge, and outdoor patio for guest events.
Where is this conventional restaurant located?
The property is located at 517 S 4TH Street Springfield, IL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Dual commercial exhaust hoods with extensive gas and electrical service; Approximately 118 guest seats on the main floor plus 125 on the lower level; Approximately 9,000 total SF with about 4,500 SF per level
