517 S 4TH ST, Springfield, IL 62701
517 S 4TH ST, Springfield, IL 62701
517 S 4TH ST, Springfield, IL 62701
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Janet Arns

Janet Arns

+1(217) 617-0751
Listed by Khaled Hussein • Keller Williams Capital
$499,900
Est. payment /mo
9,000 SqFt
Save

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 9,000 sqft

Price per Sqft $55

MLS Listing ID CA1044692

Annual Tax Amount $13,014

Tax Year 2025

Property Sub-Type Commercial

Source rmlsa

Property Description

Prime commercial property offering an exceptional opportunity for a restaurant, entertainment venue, or redevelopment project in a highly visible location overlooking the Illinois Governor's Mansion. Designed for high-volume operations, the property includes a professional-grade kitchen with dual commercial exhaust hoods and extensive gas and electrical service. The spacious main floor accommodates approximately 118 guests, while the lower level seats an additional 125, providing an ideal setting for dining, receptions, private events, business meetings, and special occasions. A full-service bar, inviting lounge area, and outdoor patio with scenic views further enhance the guest experience. The property underwent extensive renovations in 2017, including updated HVAC, flooring, and mechanical systems, with more than $1 million invested in improvements. Offering approximately 9,000 square feet of total space, including 4,500 square feet on each level, this turnkey building is ready for immediate use. Its flexible layout and premier location also make it an excellent candidate for conversion to an event center, private club, office space, mixed-use development, or other commercial ventures. This is a rare investment opportunity combining location, versatility, and long-term value.

Location

State IL

County Sangamon

Area Springfield

Zoning H-2

Direction Down town 04th Street

Interior

Heating Natural Gas

Cooling Central Air

Flooring Carpet, Concrete

Fireplace N

Exterior

View true

Roof Type Membrane

Garage 1

Building

Faces Down town 04th Street

Sewer Public Sewer

Structure Type Brick,Frame,Other

Others

Tax ID 14-34.0-156-023

Read Less Info

Nearby Locations

GET MORE INFORMATION

Janet Arns

Janet Arns

+1(217) 617-0751

Broker | License ID: 475 130570

Broker License ID: 475 130570

Name

Name

Phone*

Phone

Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Janet Arns, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.