Three-Story Italianate Mixed-Use
For Sale
$79,900
703 S 8th Street, Springfield, IL 62703
Historic brick property requiring full interior restoration, with multi-unit layouts and unfinished basement storage.
Property Size8,644 SF
Price / SF$9.24
Days on Market336
Property Features for 703 S 8th Street
General Information
Standard status
Active
Size
8,644 SF
Property subtype
General Commercial
Property Condition
Severity
Major Repairs Needed
Evidence
distressed condition
Units
Unit Mix
2 x expansive unit, 2 x large unit, 4 x efficiency room
Multifamily Units
8
Taxes and HOA fees
Annual Taxes
$4,911
Amenities
3
Wood
Flat
Building Details
Year Built
1864
Buildings
1
Stories
3
Construction
Italianate-style
Listing Agency:
RE/MAX Professionals
(217) 685-9575
Listed By:
Crystal Commean
Source:
Xome
Added: Sep 29, 2025
Changed: Aug 30
Last Checked: Aug 30 at 6:14AM
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 RE/MAX Professionals
Investment Insights
Based on property information with market context.
Built in 1864, this three-story solid brick Italianate building contains approximately 8,644 square feet and retains its historic architectural character. The property is in distressed condition and requires extensive interior restoration and cleanout. An unfinished basement provides additional storage space.
The main level is arranged as two large units, while the second floor repeats that configuration with two more units. The third floor contains four efficiency rooms that were previously equipped with kitchenettes and toilets. The existing layout has been identified for multifamily residential, mixed-use commercial conversion, short-term rental, studio apartment, or flexible workspace applications.
The property is located at 703 S 8th Street in Springfield, Illinois, one block from Lincoln's Home and the Elijah Iles House.
The main level is arranged as two large units, while the second floor repeats that configuration with two more units. The third floor contains four efficiency rooms that were previously equipped with kitchenettes and toilets. The existing layout has been identified for multifamily residential, mixed-use commercial conversion, short-term rental, studio apartment, or flexible workspace applications.
The property is located at 703 S 8th Street in Springfield, Illinois, one block from Lincoln's Home and the Elijah Iles House.
Key Highlights
- 1864‑built, three‑story solid brick Italianate building
- Approximately 8,644 SF with unfinished basement storage
- Two large units on the main level and two on the second floor
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
2,703
Businesses Nearby
Explore this area
Business Placement
Demographics for 62703, IL
28,344
Population
14,320
Households
2
Avg Household Size
37
Median Age
21%
College-Educated
85%
High-School Grad
14.9 sq mi
ZIP Area
1,902
Density / Sq Mi
$44,580
Median Household Income
$36,345
Median Earnings
$971
Median Rent
$93,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic brick property requiring full interior restoration, with multi-unit layouts and unfinished basement storage.
Where is this mixed-use property located?
The property is located at 703 S 8th Street Springfield, IL.
What is the asking price?
The asking price for this property is $79,900.
What are key features of this property?
This property features: 1864‑built, three‑story solid brick Italianate building; Approximately 8,644 SF with unfinished basement storage; Two large units on the main level and two on the second floor
