Join the great migration back to our country’s downtowns by moving to, or opening your business in, beautiful and historic downtown Springfield, Illinois. In 2016, our downtown welcomed 18 new businesses and four new ownerships of some favorite establishments.
The $15 million renovation of the Illinois Governors Mansion is a key project in the ongoing revitalization of the neighborhood and business district surrounding the state’s capitol. This area is also headquarters for numerous historic sites supporting the Lincoln Legacy, which attract hundreds of thousands of visitors annually.
Other projects in the immediate vicinity of the Mansion that will come online prior to the State’s Bicentennial in 2018 include an $8.5 million renovation of a former church into 25 residential apartments and the new headquarters for the Greater Springfield Chamber of Commerce; the Illinois Realtors Association transforming a parking lot into a pedestrian greenway; a $10 million renovation of three adjoining historic buildings into residential and commercial space by a local developer; and a $600,000 beautification project by the City of Springfield to add period lighting to the area adjoining the Lincoln Home alongside private individuals renovating 100+ year old homes.
Other opportunities remain for investment and rehabilitation of currently vacant historic buildings.
“We were able to make the project cash flow…due to help from the city with a low interest loan, structuring the tenants to be first floor retail, second floor office and remaining space residential leases. The first few years, while we lived in one of the apartments, we went out to dinner downtown somewhere different every night.” – Gene Gerber, Commercial Developer
Property for Lease
Southwest corner of 4th and Adams with interesting architecture. Adams is a growing block, with multiple new building purchases made in the last six months for a variety of retail and professional uses; plus it’s the nexus of the Old Capitol Farmers Market during the summers. Building is equipped with an elevator and most of the heavy lifting (demolition) has been done. The possibilities are limitless with more than 10k square feet. Call Capital Area Real Estate at 217-306-7445.
First floor commercial retail spaces available for lease on heavily trafficked Monroe Street, between 5th and 4th. Contact Realtor Jim Skeeters.
- Restaurant/commercial kitchen space recently vacated by Cafe Brio in the FERGUSON Building at 524 East Monroe Street 40’ X 80’
- BOOTH Building first floor 518 East Monroe Street 40’ X 70’