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301 N 5th Street, Springfield, IL 62701

Springfield
Local realty services provided by:CENTURY 21 Signature Real Estate
301 N 5th Street,Springfield, IL 62701
$299,000
  • 1.1 Acres
  • Lots / Land
  • Active
Listed by: blake pryor
Office: coldwell banker commercial dev
MLS#:CA1044452
Source:IL_CAAR

Price summary

  • Price:$299,000

About this home

1.10 +/- acre redevelopment opportunity in the Mid-Illinois Medical District, just north of Downtown Springfield. Currently improved as a surface parking lot, but could be a mixed-use development, medical use, or some other higher purpose. Located within the Adirondack TIF District, an Opportunity Zone, and a Cannabis Grants Area. The site has 320' frontage on Madison St. (11,000 AADT) with additional access from N. 5th St. (5,400 AADT). The site is positioned to benefit from the Downtown Springfield & Mid-Illinois Medical District Master Plan, the Springfield Rail Improvements Project, the proposed Medical District expansion, the planned Third Street Greenway (The LINC), and the new SMTD Transportation Hub.

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Home facts

  • Listing ID #:CA1044452
  • Added:1 day(s) ago
  • Updated:June 15, 2026 at 09:14 PM

Structure and exterior

  • Lot area:1.1 Acres

Schools

  • High school:Springfield District #186

Finances and disclosures

  • Price:$299,000
  • Tax amount:$14,434 (2025)

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