Centre@501

For Sale

501 East Capitol Avenue, Springfield, IL 62701

This Springfield property for sale is located at 501 East Capitol Avenue. The current listed sale price for Centre@501 is $2,999,999.

Contacts

Melissa Gates

KW Commercial | Garrison Group

Property Details

  • Property Type Other
  • # of Floors 3
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 1854
  • Year Renovated 2019
  • Date Updated Jul 23, 2026

Rare opportunity to own a mixed use masterpiece in the heart of downtown Springfield IL. Originally constructed in 1854 as the First United Methodist Church, this iconic

structure has stood as a pillar of architectural heritage for decades. Thoughtfully rehabilitated in 1978 and again in 2019. It now offers a seamless blend of historic charm and contemporary

living. 25 apartments, each with in unit washer and dryers, Island, large full bathroom, updated appliances, with every unit offering a different floorplan. 3 separate office spaces, 1 currently

with long term lease agreement and 2 additional commercial spaces. A turnkey investment. Full basement with a full kitchen, bathrooms, and more! This space has a ton of additional

potential, and income while currently sitting at an impressive NOI. Whether you're drawn to its storied past or its strong financial future, this building delivers both character and

performance. A cornerstone of Springfields urban fabric, ready for its next visionary owner.

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Reach out to the broker for more info on lease terms and amenities

Attachments

Getting around

  • 82/100

    Walk Score ®

  • 49/100

    Transit Score ®

  • 76/100

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Location

  • City Springfield, IL
  • Neighborhood Downtown Springfield
  • Zip Code 62701

Points of Interest

  • Springfield

    0.30 miles

  • Marathon

    0.37 miles

  • Citgo

    0.81 miles

  • Moto Mart

    0.83 miles

  • Gas Depot

    1.08 miles

  • Qik-N-EZ

    1.19 miles

  • BP

    1.27 miles

  • Casey's General Store

    1.33 miles

  • Express Mart

    1.60 miles

  • Circle K

    1.61 miles

  • Mobil

    1.68 miles

  • Herndon Parking Ramp

    0.07 miles

  • Christ Church Parking

    0.13 miles

  • Municipal Parking Deck

    0.17 miles

  • Lincoln Home Parking

    0.18 miles

  • Municipal Parking

    0.23 miles

  • Bank of Springfield Center Parking

    0.23 miles

  • Sangamon County Parking Lot

    0.25 miles

  • Elijah Iles House Visitor Parking

    0.31 miles

  • Dana-Thomas House Parking

    0.34 miles

  • Monthly Parking

    0.35 miles

  • Wyndham Springfield City Centre

    0.19 miles

  • Mansion View Inn

    0.21 miles

  • President Abraham Lincoln Hotel, Doubletree by Hilton

    0.22 miles

  • State House Inn, Trademark Collection by Wyndham

    0.34 miles

  • Statehouse Inn

    0.35 miles

  • Inn at 835

    0.50 miles

  • Pasfield House Inn

    0.56 miles

  • Carpenter Street Hotel

    0.57 miles

  • Howard Johnson Inn & Suites Springfield

    1.82 miles

  • Super 8 by Wyndham Springfield East

    2.41 miles

  • The Keep Store

    0.19 miles

  • County Market

    0.58 miles

  • Humphrey's Market

    1.33 miles

  • Save-A-Lot

    1.66 miles

  • Robert's Seafood Market

    1.82 miles

  • Hy-Vee

    1.93 miles

  • JCPenney

    2.23 miles

  • Little World International

    2.44 miles

  • Schnucks

    2.57 miles

  • Big Lots

    3.35 miles

Contact Listing Broker
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