Property History
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Vinegar Hill Mall is a historic, mixed-use retail and restaurant destination located in the heart of downtown Springfield, Illinois. Originally constructed in 1908 as a commercial laundry facility, the building has undergone multiple transformative reinventions, preserving its architectural character while adapting to modern retail and hospitality uses.
In the early 1980s, the property was reimagined as Vinegar Hill Mall—introducing a unique indoor retail and dining concept to the Springfield market. In October 2021, Conn’s Hospitality Group acquired Vinegar Hill Mall along with the adjacent Baur’s Steakhouse, initiating a comprehensive revitalization of both properties. This new chapter brought renewed energy and curated tenancy to the site.
The revitalization efforts culminated in the October 2023 opening of Trish & Mary’s Public House, an English-style pub that has quickly become a downtown gathering place. In April 2024, Wm. Van’s Cafe relocated to the mall, further enhancing daily foot traffic and reinforcing the property as a community hub.
Today, Vinegar Hill Mall presents a rare opportunity to acquire a historically significant, repositioned downtown asset with multiple leasing configurations available. Spaces range from boutique retail suites to large-format restaurant and atrium opportunities, allowing for flexible tenant mix and value-add leasing upside.
Available Spaces
- ±3,900 SF – Retail/Flex Space
- ±9,400 SF – Former Baur’s Steakhouse Restaurant Space
- ±13,000+ SF – Atrium Area (Former “Old Pizza Machine” Space)
Total usable / rentable space of over 50,000 sq ft amongst 3 levels and 2 buildings.
- Non-Contingent
- Earnest Money Deposit: Greater of $20,000 or 10% of the Purchase Price
- Marketing Fee: 5% of the Winning Bid Amount, $20,000 minimum
- $10,000 Participation Deposit
107 W Cook St & 620 S 1st St, Springfield, IL 62704
- Originally constructed in 1908 – architecturally significant downtown structure
- Adaptive reuse success story with strong local recognition
- Recent revitalization (2021–2024) reduces near-term capital improvement needs
- Located in the Vinegar Hill district near the Illinois State Capitol
- Surrounded by government offices, professional services, residential, and tourism traffic
- Strong weekday daytime population driven by state employment
- Current tenants include Trish & Mary’s Public House and Wm. Van’s Cafe demonstrate leasing momentum
- Hospitality-driven foot traffic supports additional retail and restaurant users
- Ideal for experiential, food & beverage, boutique retail, or entertainment concepts
- Multiple vacant suites allow new ownership to shape tenant mix
- Large-format spaces (9,400 SF and 13,000+ SF) suitable for destination restaurant, entertainment venue, event space, or mixed-use activation
- Opportunity to stabilize occupancy and increase NOI through lease-up
- Configurable floorplans accommodate a range of uses
- Atrium setting creates unique experiential retail/restaurant environment
- Potential for event programming, pop-ups, and community gatherings
- Ideal for investors seeking a repositioned historic asset with upside
- Clear path to value creation through lease-up and strategic tenant placement
- Strong branding and identity within the Springfield market
Loan History
Financial History
Tax History
Contact Information
Ownership Information
Property Details
Contacts
Map
Comparable Properties
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