115 6Th StSpringfield, IL 62701

Property Details for 115 6Th St

Lot size

0.11 AC

Property type

Other commercial real estate

APN

14-27.0-383-035

APU

14270383035

Description

Offered for the first time in decades, this unique Springfield, IL property at 115 & 117 N 6TH Street presents a compelling investment opportunity. Located directly across from the Abraham Lincoln Presidential Library and Museum, this 13,200 square foot mixed-use building boasts a prime location attracting both tourists and locals. Extensively renovated in 2002, the property comprises three interconnected buildings, currently zoned S-3 Central Shopping District. The main level features three storefronts and two restrooms. The second level offers unoccupied finished office space with two additional restrooms and a lobby area, while the third level includes two apartments operating as Airbnbs and one long-term leased apartment. All floors are conveniently accessible via elevator and stairs, and both the second and third floors offer a large balcony. The building is equipped with fire sprinklers throughout. Included in the sale is an adjacent 8-car parking lot, a rare asset in downtown Springfield. This exceptional property is in fantastic condition and represents a rare opportunity to own a piece of Springfield's rich history. The seven units offer a diverse income stream, combining retail, office, and residential spaces. This is a truly unique and highly desirable investment property.

• Alternative Use

  Use

  Valuation

  Residential

  $1,467,464

  Hospitality

  $1,344,189

  Educational

  $1,118,350

  Medical

  $1,156,812

  Retail

  $1,739,655

Location Insight

City

Springfield

County

Sangamon

State

Illinois

Latitude

39.8022

Longitude

-89.6481

CBSA code

44100

CBSA name

SPRINGFIELD, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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