Property profile

3 Old State Capitol Plz Springfield, IL 62701

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Consultant
  • Charitable Organization Social Service Agency
  • (Bike/Boat/Book/etc) Store Corporate Office

Location

3 Old State Capitol Plz Springfield, IL 62701
Springfield metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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