Historic Residential Dormitory
For Sale
Contact for pricing
541 E BLACK Avenue, Springfield, IL 62702
Historic property on about 1.8 acres with multiple private rooms, commercial kitchen, and an on-site elevator serving lower and second floors.
Property Size14,000 SF
Lot Size1.80 Acres
Days on Market120
Property Features for 541 E BLACK Avenue
General Information
Standard status
Active
Size
14,000 SF
Lot size
1.80 Acres
Property subtype
Special Purpose
Zoning
R-3B
Additional Details
Office Units
26
Building Details
Year Built
1895
Stories
3
Listing Agency:
Todd P Smith Real Estate Inc
(217) 553-5439
Listed By:
Todd Smith · License #IL 471004523
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 20 at 6:04PM
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 Todd P Smith Real Estate Inc
Investment Insights
Based on property information with market context.
Built in 1895, this historic multi-room property was most recently used as a dormitory and includes approximately 26 individual rooms with private baths. The building also features an inviting front porch and parlor, a second-floor screen room, and a back garden area with a walking path. A commercial kitchen is included with a large dining area, and an elevator provides access from the lower level to the second floor.
The property sits on approximately 1.8 acres near Lincoln Park, with nearby bus line access noted in the remarks. The main building totals approximately 14,000 square feet above grade, plus a partial basement.
The asset is zoned R-3B according to the City of Springfield Zoning Map, supporting redevelopment for residential purposes as described in the offering remarks.
The property sits on approximately 1.8 acres near Lincoln Park, with nearby bus line access noted in the remarks. The main building totals approximately 14,000 square feet above grade, plus a partial basement.
The asset is zoned R-3B according to the City of Springfield Zoning Map, supporting redevelopment for residential purposes as described in the offering remarks.
Key Highlights
- Historic property opened in 1895; located on +/-1.8 acres near Lincoln Park with park‑like setting.
- About +/-14,000 SF above grade (main building) plus a partial basement.
- Approx. 26 individual rooms, each with a private bath—previously used as a dormitory for Benedictine University.
Property Analytics
Current Use
Lease Details
26
Office units
Location Intelligence
Trade Area within ½ mile
443
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
School - Historic property on about 1.8 acres with multiple private rooms, commercial kitchen, and an on-site elevator serving lower and second floors.
Where is this school located?
The property is located at 541 E BLACK Avenue Springfield, IL.
What are key features of this property?
This property features: Historic property opened in 1895; located on +/-1.8 acres near Lincoln Park with park‑like setting.; About +/-14,000 SF above grade (main building) plus a partial basement.; Approx. 26 individual rooms, each with a private bath—previously used as a dormitory for Benedictine University.
