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    OFF-MARKET
    Retail properties & Spaces

    3 Old State Capitol Plz, Springfield, IL 62701

    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · 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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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