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517 S 4TH Street
Springfield IL 62701 US

$499,900

Active Listing ID CA1044692
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$499,900

Active Listing ID CA1044692
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517 S 4TH Street 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.

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Property Features

  • Facts
  • Property Type: Commercial Sale
  • Property Sub-type: Other
  • Features
  • Cooling System: Central Air
  • Floor Covering: Carpet, Concrete
  • Roof Type: Membrane
  • Heating Fuels: Natural Gas

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 499900
  • unparsedaddress: 517 S 4TH Street
  • postalcity: Springfield
  • stateorprovince: IL
  • country: US
  • postalcode: 62701
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 39.796649
  • longitude: -89.651128
  • listagentfullname: Khaled Hussein
  • listagentemail: khaled_eng1@hotmail.com
  • listagentkey: 3yd-PAARIL-CA8612
  • listagentmlsid: CA8612
  • listagentpreferredphone: 2178017749
  • listofficekey: 3yd-PAARIL-CA1220
  • listofficemlsid: CA1220
  • disclaimer: 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.
  • sourcesystemid: PAARIL
  • listingcontractdate: 2026-06-25
  • listagenturl: http://www.kwspi.com
  • countyorparish: Sangamon
  • parcelnumber: 14-34.0-156-023
  • cooling: Central Air
  • constructionmaterials: Brick, Frame
  • flooring: Carpet, Concrete
  • heating: Natural Gas
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • roof: Membrane
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -89.65113, 39.79665
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Keller Williams Capital", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"khaled_eng1@hotmail.com", "ListBrokerageCity":"Springfield", "ListBrokerageCountry":"US", "ListBrokerageEmail":"john.kerstein@gmail.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/PAARIL/99b07c1f920611e983de0242ac11000b/20190731185544100.png", "ListBrokerageName":"Keller Williams Capital", "ListBrokeragePhone":"(217) 553-4368", "ListBrokeragePostalCode":"62704", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"3171 Robbins Road", "ListBrokerageWebsiteUrl":"http://www.kwspi.com", "ListOfficeAddress1":"3171 Robbins Rd ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"CA1220", "ListOfficeCity":"Springfield", "ListOfficeCountry":"US", "ListOfficeEmail":"john.kerstein@kw.com", "ListOfficePostalCode":"62704", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"COMMERCIAL - Springfield, IL", "ListingURL":null, "MLSModificationTimestamp":"2026-06-28 20:01:34", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":13015, "TaxDescription":null, "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 6/28/2026 8:02:18 PM GMT
Source Updated Date: 6/30/2026 12:50:44 AM GMT

Courtesy of: Khaled Hussein, Keller Williams Capital, khaled_eng1@hotmail.com

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.