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For sale
Conventional restaurants
IL
Springfield
62701
517 S 4TH Street

Restaurant and Event Venue Building

517 S 4TH Street, Springfield, IL 62701

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New

For Sale

$499,900

COMMERCIAL - Springfield, IL

Property size:

9,000 SF

Price / SF:

$55/SF

HighLights

Approximately 9,000 SF total space with about 4,500 SF on each level
Seating for about 118 guests on the main floor and about 125 guests in the lower level
Professional‑grade kitchen with dual commercial exhaust hoods and extensive gas/electrical service
Full‑service bar plus inviting lounge area and an outdoor patio with views of the Illinois Governor's Mansion
Renovated in 2017 with updated HVAC, flooring, and mechanical systems (more than $1 million invested)
Central air and natural gas heating; public sewer; brick and frame construction with a membrane roof

We can help!

Contact an agent

Khaled Hussein

For Sale

$499,900

COMMERCIAL - Springfield, IL

Property size:

9,000 SF

Price / SF:

$55/SF

Added:: Jun 25, 2026
Days on Market:: 3
Last Refresh:: Jun 27 at 3:06 pm

Property Features for 517 S 4TH Street

General Information

Property type: Commercial Sale
Property subtype: Other
Zoning: H-2
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

Building Details

Flooring type: Concrete, Carpet
Building materials: Brick, Frame
Roof type: Membrane

We can help!

Contact an agent

Khaled Hussein

Listing agent Khaled Hussein

Listing office Keller Williams Capital 3171 Robbins Rd, Springfield, IL

Listing date Jun 25, 2026

MLS# CA1044692

HighLights

Approximately 9,000 SF total space with about 4,500 SF on each level
Seating for about 118 guests on the main floor and about 125 guests in the lower level
Professional‑grade kitchen with dual commercial exhaust hoods and extensive gas/electrical service
Full‑service bar plus inviting lounge area and an outdoor patio with views of the Illinois Governor's Mansion
Renovated in 2017 with updated HVAC, flooring, and mechanical systems (more than $1 million invested)
Central air and natural gas heating; public sewer; brick and frame construction with a membrane roof

Overview

This turnkey restaurant and entertainment venue is designed for high-volume service and flexible guest hosting. The building includes a professional-grade kitchen with dual commercial exhaust hoods, extensive gas and electrical service, and a full-service bar with a lounge area. The main floor provides seating for approximately 118 guests, with an additional lower level seating area for approximately 125. Outdoor patio space rounds out the layout for dining and events. Extensive renovations were completed in 2017, including updated HVAC, flooring, and other mechanical systems, reflecting over $1 million in improvements.

The property is located at 517 S 4th Street in Springfield, Illinois, and is described as highly visible with views overlooking the Illinois Governor's Mansion. Zoning is H-2, supporting a range of commercial entertainment, dining, and event-oriented uses as permitted by the jurisdiction.

For operators, the configuration supports full-service restaurant operations, receptions, private events, business meetings, and special occasions. For buyers and developers, the flexible layout also lends itself to alternative concepts such as an event center, private club, office space, or mixed-use development, subject to applicable approvals and zoning requirements.

Property Profile Location Intelligence

Current Use by Public Records

Loukinens' On 4th Restaurant

Suggested Use

Location Insight

Map
Local Demand

City: Springfield
County: Sangamon
State: Illinois
Longitude: -89.651128
Latitude: 39.796649

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For sale
Conventional restaurants
IL
Springfield
62701
517 S 4TH Street

What type of property is this?

Conventional restaurant - Turnkey restaurant and entertainment facility with a full-service bar, professional kitchen, and patio overlooking a state landmark.

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: Approximately 9,000 SF total space with about 4,500 SF on each level; Seating for about 118 guests on the main floor and about 125 guests in the lower level; Professional‑grade kitchen with dual commercial exhaust hoods and extensive gas/electrical service

517 S 4TH Street, Springfield, IL 62701

COMMERCIAL - Springfield, IL

Property Features for 517 S 4TH Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Versatile Commercial Property, Springfield, IL

Spacious Office Building, Springfield, IL

Multi-Purpose Building with Basketball Court

Warehouse & Flex Distribution Facility

Versatile Commercial Property in Springfield

Springfield Industrial Park Warehouse Building

Springfield Strip Mall For Sale

Indoor Trampoline Entertainment Facility

Well-Maintained Office Building

Class A Office Building with Elevator Access

Warehouse with Multiple Overhead Doors

Multi-Unit Office and Retail Building

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