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.
Lot/land
$299,000
301 N 5th St, Springfield, IL 62701
--beds
--baths
1.1Acres
Unimproved Land
Built in ----
1.1 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 105 days
- 45
- 1
Zillow last checked:
Listing updated:
Listed by:
Blake Pryor 217-725-9518,
Coldwell Banker Commercial Dev
Source: RMLS Alliance as distributed by MLS GRID,MLS#: CA1044452
Originating MLS: Capital Area Association of Realtors
Originating MLS: Capital Area Association of Realtors
Facts & features
Property
Lot
- Size: 1.1 Acres
- Dimensions: 120 x 320 x 187
- Features: Corner Lot
Details
- Additional parcels included: 1427.0352018
- Parcel number: 1427.0352017
- Zoning description: Commercial
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Electricity Available, Natural Gas Available
Community & HOA
Community
- Subdivision: Edwards
Location
- Region: Springfield
Financial & listing details
- Annual tax amount: $14,434
- Date on market: 6/15/2026
- Cumulative days on market: 106 days
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/15/2026 | Listed for sale | $299,000 |
Source:  RMLS Alliance as distributed by MLS GRID #CA1044452 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: Downtown
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