517 S 4TH Street, Springfield, IL 62701
sale
$699,000
|
Other
Courtesy Of Keller Williams Capital
Exceptional restaurant and entertainment venue with front-row views of the Governor's Mansion. This impressive property features a chef's kitchen setup equipped with two large commercial hoods and ample gas and electric hookups ready to accommodate a full range of kitchen equipment. The main dining area seats 118 guests, complemented by a private lower-level party room with 125-person occupancy-ideal for banquets, meetings, or private events. Guests can also enjoy a beautiful bar and lounge area, along with a scenic outdoor dining patio offering one of the best views in the area. Nearly everything was updated in 2017, including HVAC, flooring, and mechanicals. Owners have invested over $1 million in property improvements and renovations, creating a turnkey opportunity for restaurateurs or investors. This property is also well-suited for a private club, event venue, or redevelopment into offices, mixed-use, or other commercial applications. A rare opportunity offering versatility, value, and a premier location. The total approximate sq feet is 9,000 sq ft, the main level is 4,500 sq ft, and the lower level is also 4,500 sq ft. The finished lower level is approximately 1,652 sq ft. One of the owners is a licensed realtor in Illinois.
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Property Features
- Legal Description: LOT 4 CHAS RIDGELY ADD & LOT55 EX NORTH WEST PT ASSRS SUB OF NE1/4 SEC 33 & PT W 1/2 NW1/4 SEC 34 1
- MLSID: CA1041484
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