About This Home

This 0-bedroom, 0-bathroom commercial at 517 S 4TH Street in Springfield, IL is listed for $499,900. on a N/A lot.

Amenities

A/C
Listing 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.

Monthly Cost Estimate

$2,674/mo

20% down · 6.5% · 30 years

Principal$362
Interest$2,166
Insurance$146

Estimates only. Actual payments may vary.

Location

517 S 4TH Street

Springfield, IL 62701

Property Details

Flooring

CarpetConcrete

Construction

Brick Frame

Heating

Natural Gas

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 517 S 4TH Street is listed at $499,900. The estimated monthly payment is $2,674 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

This property is listed by Khaled Hussein and can be reached at 2178017749.

KH

Khaled Hussein

Agent at Keller Williams Capital

(217) 801-7749

Listed by Keller Williams Capital · Broker phone: (217) 553-4368 · View on Broker Site

MLS# CA1044692· Source: RMLS Alliance· 79 days on PropertySimple

Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

517 S 4TH Street, Springfield, IL 62701

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