Centre@501

Investment Overview

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.

Area Overview

Prime central location 3 blocks from the State Capitol, 2 blocks away from the Old State Capitol, 4 blocks away from the Sangamn County Complex. Downtown Springfield Illinois is home to a rich cultural scene. Whether you're interested in historical landmarks, local cusine, or shopping, this area has it all. Where creativity and collaboation thrive. 

Highlights

• 100% leased
• Excellent location
• 3 office spaces 
• 25 modern apartments
• Renovated 2019
• Full basement
• Turnkey