Historic Three-Story Restaurant
For Sale
$175,000
620 S 1st Street, Springfield, IL 62704
A full kitchen and multiple bar areas support restaurant and hospitality operations.
Property Size7,007 SF
Price / SF$24.98
Days on Market512
Property Features for 620 S 1st Street
General Information
Standard status
Active
Size
7,007 SF
Property subtype
Commercial
Lease Type
Net
Lease Term
Years - 5
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$3,507
Building Details
Building Size
7,007 SF
Buildings
1
Stories
3
Listing Agency:
The Real Estate Group, Inc.
(217) 725-2467
Listed By:
Dan Sperry · License #475118029
(217) 725-2467
Source:
Shawneehillsrealestate
Added: Mar 13, 2025
Changed: Aug 5
Last Checked: Aug 5 at 2:24PM
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 The Real Estate Group, Inc.
Investment Insights
Based on property information with market context.
This three-level restaurant property occupies a structure that originated as a carriage house in the 1800s. The building includes two bars and a full kitchen, with furniture and fixtures included in the offering on an as-is basis. Its prior restaurant use provides an established hospitality configuration for continued restaurant operations or a future renovation plan.
The property is situated less than a block from the Statehouse, placing the building within close walking distance of a major civic destination. The combination of historic character, existing food-service infrastructure, and central proximity creates a purpose-built setting for a restaurant or related hospitality concept.
The property is situated less than a block from the Statehouse, placing the building within close walking distance of a major civic destination. The combination of historic character, existing food-service infrastructure, and central proximity creates a purpose-built setting for a restaurant or related hospitality concept.
Key Highlights
- Structure dating to the 1800s, originally built as a carriage house
- Three floors with two bars and a full kitchen
- Situated less than a block from the Statehouse
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,970
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 62704, IL
39,157
Population
20,706
Households
1.9
Avg Household Size
40
Median Age
42%
College-Educated
95%
High-School Grad
12.2 sq mi
ZIP Area
3,210
Density / Sq Mi
$66,352
Median Household Income
$44,793
Median Earnings
$924
Median Rent
$166,900
Median Home Value
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 - A full kitchen and multiple bar areas support restaurant and hospitality operations.
Where is this conventional restaurant located?
The property is located at 620 S 1st Street Springfield, IL.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Structure dating to the 1800s, originally built as a carriage house; Three floors with two bars and a full kitchen; Situated less than a block from the Statehouse
