301 N 5th St Springfield, IL 62701
Downtown Springfield NeighborhoodEstimated payment $2,833/month
Highlights
- Corner Lot
- No HOA
- 1-minute walk to Union Square Park
About This Lot
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.
Listing Agent
Coldwell Banker Commercial Dev License #475159138 Listed on: 06/15/2026
Property Details
Property Type
- Land
Est. Annual Taxes
- $14,434
Lot Details
- 1.1 Acre Lot
- Lot Dimensions are 120 x 320 x 187
- Corner Lot
Schools
- Springfield District #186 High School
Community Details
- No Home Owners Association
- Edwards Subdivision
Listing and Financial Details
- Assessor Parcel Number 14-27.0-352-017
Map
Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/15/2026 06/15/26 | For Sale | $299,000 | -- | -- |
Source: RMLS Alliance
MLS Number: CA1044452
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Listings courtesy of RMLS Alliance as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.