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Listed by Matthew Davlin • TBFS Investments
$ 499,000
Est. payment /mo
New
8 Old State Capitol PLZ Springfield, IL 62701
4,200 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,200 sqft
Price per Sqft $118
MLS Listing ID CA1047138
Annual Tax Amount $12,060
Tax Year 2025
Property Sub-Type Commercial
Source rmlsa
Property Description
Rare Downtown Investment Opportunity grossing $91,000 annually. Own a piece of historic Springfield with this meticulously maintained mixed-use property located right on Old State Capitol Plaze. The main floor features a commercial office with long term lease already in place through 2028 featuring 5 offices, a conference room and reception area. Upstairs, discover two beautifully updated, fully furnished residential units. Both apartments currently operate as high-performing short-term rentals with a proven, turnkey track record of impressive occupancy rates and exceptional cash flow. Situated steps away from the Old State Capitol, this property is ideal for a savvy investor looking to capitalize on a seamless, multi-stream revenue generator. Location, history, and verified profitability—all in one package.
Location
State IL
County Sangamon
Area Springfield
Zoning S3
Direction On Capitol Plaza across from the old state capitol building
Interior
Heating Forced Air, Individual Unit
Cooling Central Air, Multi Units
Flooring Carpet, Tile, Wood
Fireplace N
Exterior
View true
Roof Type Tar/Gravel
Garage 1
Building
Faces On Capitol Plaza across from the old state capitol building
Sewer Public Sewer
Structure Type Concrete,Stone
Others
Tax ID 14-34.0-130-081