517 S 4th Street Springfield, IL 62701 • Commercial - Business • Active $469,999

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.

Property Highlights