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    206 6Th St Springfield, IL 62701

    Sponsored
    For Sale
    $700,000

    Historic building, prime location, strong leases.

    Property size:
    21,360 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property, located at 206 S 6th Street in Springfield, Illinois, presents a unique investment opportunity. The 21,360 square foot building, constructed in 1888, boasts two buildings and three stories, offering a blend of retail and office space. Currently housing a craft beer pub, a watch company, a catering business, and several non-profit agencies and small businesses, the property benefits from existing leases. The building features elevator and stairway access, and large west-facing windows provide stunning views of the Old State Capitol Plaza. The interior showcases the building's rich heritage with exposed brick, a fireplace, and high ceilings. Situated in the heart of downtown Springfield, this property enjoys a prime location within a vibrant community, close to numerous city and state government establishments, and a major medical hub including two hospitals and a medical school. Convenient underground parking is available at the Old State Capitol Plaza, with additional parking options nearby. The property is zoned S-3 and offers a compelling combination of history, location, and established tenancy. The asking price is $700,000, translating to $32.77 per square foot. This is a rare chance to acquire a well-maintained, income-producing property in a thriving downtown area.

    Property Features for 206 6Th St

    General Information

    Property type
    Individual retail properties
    Square Feet
    21,360 SF

    Building Details

    Year Built
    1888
    Buildings
    2
    Stories
    3

    HighLights

    • Prime Downtown Springfield location.
    • Old State Capitol Plaza views.
    • Proximity to government buildings, two hospitals, and a medical school.
    • Excellent condition.
    • Convenient parking options including underground parking under the Old State Capitol Plaza, nearby ramps, and street parking.
    • Three‑story building.
    Property Profile Location Intelligence

    Current Use by Public Records

    ASTC Educational Consultant IARF Association / Organization PrimeLending, A PlainsCapital Company ... Mortgage Lender Margie Therapy Counselor Big Dog Construction: ... Construction Company

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.647880587465
    Latitude
    39.800255924922

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    FAQs

    What type of property is this?
    Individual retail property - Historic building, prime location, strong leases.
    Where is this individual retail property located?
    The property is located at 206 6Th St Springfield, IL.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: Prime Downtown Springfield location.; Old State Capitol Plaza views.; Proximity to government buildings, two hospitals, and a medical school.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    206 6Th St Springfield, IL 62701
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