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Property profile & analytics

115 6th St Springfield, IL 62701-1309

  • Commercial real estate
  • 0.11 lot acres
OFF-MARKET
Last Sale
Feb 13, 2025
$380,000
Value Estimations
$360,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US28-4833400
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Wild Rose Artisans Gallery & Boutique / Artistic Handicrafts / Gift Shop
  • Clay Lick Creek Pottery / Pottery Store

Property Details for 115 6th St

Lot size
0.11 lot acres
Property type
Commercial real estate
APN
14-27.0-383-035
APU
14270383035

Description

Offered for the first time in decades, this unique Springfield, IL property at 115 & 117 N 6TH Street presents a compelling investment opportunity. Located directly across from the Abraham Lincoln Presidential Library and Museum, this 13,200 square foot mixed-use building boasts a prime location attracting both tourists and locals. Extensively renovated in 2002, the property comprises three interconnected buildings, currently zoned S-3 Central Shopping District. The main level features three storefronts and two restrooms. The second level offers unoccupied finished office space with two additional restrooms and a lobby area, while the third level includes two apartments operating as Airbnbs and one long-term leased apartment. All floors are conveniently accessible via elevator and stairs, and both the second and third floors offer a large balcony. The building is equipped with fire sprinklers throughout. Included in the sale is an adjacent 8-car parking lot, a rare asset in downtown Springfield. This exceptional property is in fantastic condition and represents a rare opportunity to own a piece of Springfield's rich history. The seven units offer a diverse income stream, combining retail, office, and residential spaces. This is a truly unique and highly desirable investment property.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $360,000
    ML approach
    $375,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Springfield
County
Sangamon
State
Illinois
Longitude
-89.6481
Latitude
39.8022
CBSA code
44100
CBSA name
SPRINGFIELD, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$12,305
$33,929
$105,253
$139,182
-
$101,787
$315,759
$417,546
More about this property
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