3 Old State Capitol Plz, Springfield, IL 62701
This exceptional commercial property, known as Buck's Building, offers a unique opportunity in Springfield's vibrant downtown. The lower level comprises approximately 1,083 square feet of adaptable space, currently configured for food service, featuring existing kitchen equipment and a charming, exposed-brick interior. A gross lease of $12.50 per square foot includes water and sewer. The building's rich history dates back to 1855, originally housing Buck's Hats store, and its prime location directly across from the Old State Capitol and near the Lincoln Museum offers unparalleled visibility and foot traffic. Convenient underground parking is also readily accessible. An additional 1900 square feet of space is available on the main floor, featuring five separate rooms and a kitchen prep area, which can be leased separately or in conjunction with the lower level. The main floor boasts five separate rooms and a kitchen prep area. The property is zoned S-2 and has a single tenant occupancy. The building's APN is 14-27-0-383-028. This historic building presents a rare chance to own a piece of Springfield's legacy while capitalizing on a thriving commercial location. The unique character of the lower level, combined with the expansive potential of the main floor, makes this property ideal for a variety of businesses seeking a distinctive and historically significant location. The limestone accent wall adds to the ambiance, creating a potentially special and intimate setting.
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Myers Michael A Law Firm
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King Technology, Inc. Marketing & Advertising (Bike/Boat/Book/etc) Store
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Superior Unit Corp (Headquarters) Consultant
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Downtown Springfield Inc. Charitable Organization Social Service Agency
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eGrain, Inc. (Bike/Boat/Book/etc) Store Corporate Office
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.