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Property profile & analytics

3 Old State Capitol Plz Springfield, IL 62701

  • Retail properties
Value Estimations
Cap Rate Potential
Location Intelligence

Current Use by Public Records

  • Myers Michael A / Law Firm
  • King Technology, Inc. / Marketing & Advertising / (Bike/Boat/Book/etc) Store
  • Superior Unit Corp (Headquarters) / Consultant
  • Downtown Springfield Inc. / Charitable Organization / Social Service Agency
  • eGrain, Inc. / (Bike/Boat/Book/etc) Store / Corporate Office

Property Details for 3 Old State Capitol Plz

Property type
Retail properties
Property subtype
Restaurants

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use


Location Insight

  • Map
  • Local Demand
City
Springfield
County
Sangamon
State
Illinois
Longitude
-89.6481
Latitude
39.8004
More about this property
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