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

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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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
Electric utility on property: Yes

Blake Pryor

(217) 725-9518

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Estimated market value

Not available

Estimated sales range

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

Estimated monthly payment$1,822

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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