Historic Springfield Mixed-Use Restoration
703 S 8TH Street, Springfield, IL 62703
- Added:
- Oct 6, 2025
- Days on Market:
- 229
- Last Refresh:
- May 22 at 7:06 am
Property Features for 703 S 8TH Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- H3
- Standard status
- Active
- APN
- 14-34.0-190-094
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Year
- 24
- Tax Annual Amount
- 4911
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating)
Building Details
- Year built
- 1864
- Floors in Building
- 3
- Number of units
- 8
- Flooring type
- Wood
- Building materials
- Brick, Vinyl Siding
- Roof type
- Flat, Composition
Listing agent Crystal Commean License #475161193 (217) 685-9575
Listing office RE/MAX Professionals 2667 Farragut Drive, Springfield, IL (217) 787-7215
Listing date Oct 6, 2025
MLS# CA1039673
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.
HighLights
- Historic Italianate‑style building (Dr. Henry Wohlgemuth House, ca. 1864) one block from Lincoln's Home.
- Prime downtown location in Springfield's revitalizing area, suitable for multi‑family residential or mixed‑use commercial conversion.
- Generous size with two expansive units on both the main and second levels.
- Third floor features four efficiency rooms (original maid's quarters) suitable for short‑term rentals or studio apartments.
- Solid brick construction with historic character and original charm.
- Full, unfinished basement provides ample storage space.
Overview
Located one block from Lincoln's Home and the Elijah Iles House, this three-story solid brick Italianate-style building, known as the historic Dr. Henry Wohlgemuth House (circa 1864), presents an investment opportunity to restore a piece of Downtown Springfield's architectural history. The property, in distressed condition, requires an extensive full interior restoration and cleanout. The main level includes two expansive units with soaring ceilings, suitable for multi-family residential or mixed-use commercial conversion. The second floor mirrors this layout with two additional large units. The third floor features four efficiency rooms, originally the "maid's quarters," each previously equipped with a kitchenette and toilet, making them suitable for short-term rentals, studio apartments, or flexible workspace. A full, unfinished basement offers ample storage. The property is situated on a 0.2792-acre lot. The building's historic character, prime location, and generous size make it a standout investment opportunity in Springfield's revitalizing downtown. The property is zoned H3.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Heritage Development Co
Construction Company
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Sangamon
- State
- Illinois
- Longitude
- -89.6455187
- Latitude
- 39.7947001
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Historic mixed-use property near Lincoln's Home needing full restoration.
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 $49,900.
What are key features of this property?
This property features: Historic Italianate‑style building (Dr. Henry Wohlgemuth House, ca. 1864) one block from Lincoln's Home.; Prime downtown location in Springfield's revitalizing area, suitable for multi‑family residential or mixed‑use commercial conversion.; Generous size with two expansive units on both the main and second levels.
