Feature Property of the Day: 501 E. Capitol

3 Blocks From Illinois State Capitol

Available for Lease or Purchase

in "As Is" Condition or "Developed"

5th Street & Capitol Avenue

Springfield, IL

"AS IS"

"Developed"

Summary of "As Is" Building Facts

This information provided by current owner

• Gross Building area:
  Above Grade: +/- 46,348 SF
  Finished Basement: +/- 22,500 SF
• Land Area: +/- 32,028 SF
• Parking: 12 On Site Parking Spaces
• Zoning: City S-3/ Central Shopping District
• Elevator: One Passenger - 4,000 lb capacity - 4 Landings
• Age of Building:
  Sanctuary: Built 1979
  Education Building: Built 1968
• Formally First United Methodist Church Worship and Education Campus
• Cost of construction approx $3.6 Million
• Special Incentives Tax Increment Financing District

Summary of "Developed" Building Facts

• Gross Building Area:
  Above Grade: +/- 34,000 SF
  Per Floor: +/- 10,800 SF
  Finished Basement: +/- 13,000 SF
• Removal of Sanctuary to create on site parking- see attached parking plan
• Interior demolition of current demising walls
• Land Area: +/- 32,028 SF
• Parking: 39 Spaces on site
• Zoning: City S-3/ Central Shopping District

Development Plan Includes:

• Removal of Sanctuary to create on site parking- see attached parking plan
• Interior demolition of current demising walls
• Upgrade of restrooms
• New HVAC Systems
• New Exterior Windows
• New Roof
• Addition of Building Lobby Area
• Upgrade of Elevator

Remarks

• First floor and basement level are suitable for retail, banking or office space.
• Floors 2 & 3 more suitable as class "A" office space with a spectacular view of Illinois State Capitol
• Capitol Avenue will under go a street scape plan similar to the attached drawing.

Availability of Developed Property

• Approximately 10 months from issuance of building permit and execution of lease or purchase agreement.
• Owner of building under a lease scenario will be licensed real estate listing broker.

Please click here to see full brochure/ Site Plans/Photos


Listing Agent:
Sam Nichols
217-787-2800 (office
217-494-0800 (direct)
sam@naitrue.com
http://www.naitrue.com/