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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 Springfield, IL commercial property, located at 3 N Old State Capitol Plaza (zip code 62701), offers approximately 1,950 square feet of versatile space ideal for a variety of businesses. Currently zoned S-2, this single-tenant building boasts a captivating blend of historic charm and modern functionality. The first floor, perfect for professional services (such as legal or accounting firms) or a restaurant/bar, features five separate rooms plus a kitchen prep area. The exposed brick interior creates a unique and inviting atmosphere. Some existing kitchen prep equipment remains. The property's prime downtown location offers unparalleled visibility, situated directly across from the Old State Capitol and near the Lincoln Museum. Convenient underground parking is just steps away. The building, originally Buck's Hats (circa 1855), holds significant historical significance. Landlord pays for sewer and water. The gross lease rate is $12.50 per square foot. An additional 1083 square foot lower level is available for lease separately (see separate listing). This lower level would be a perfect complement to a first-floor business, offering additional space for storage, private offices, or expanded operations. This is a rare opportunity to own a piece of Springfield's rich history while enjoying a highly desirable location and attractive lease terms. The APN is 14-27-0-383-028.


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
-89.6482
Latitude
39.8019
More about this property
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