Active

301 N 5th Street

Springfield, IL 62701
Mark as Favorite
$299,000 $1,260/Mo
Get Pre-Approved Check your credit
Acres1.10

Acres(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.

Detail Ic Property Details

Property Type : Land

Price : $299,000

AD Id : 84938712

MLS Id : CA1044452

Lot Size : 1.10 Acres(Lot)

County : Sangamon

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Lot Information

    Lot Dimensions: 120 x 320 x 187 Lot Size Acres: 1.1 Lot Description: Corner Lot

    Property Information

    Subdivision: Edwards Source Property Type: Land MLS Area Minor: Springfield

  • Listing Price Information

    Listing Price: $299000

  • Tax Information

    Parcel Number: 14-27.0-352-017 Tax Year: 2025 Annual Tax: $14434.44 Tax Legal Desc: 1.10 +/- acre redevelopment opportunity in the Mid-Illinois Medical District, just north of Downtown

  • Homeowners Association Information
    Has Association: Yes

  • School Information

    Elementary School:
    Junior High School:
    Senior High School: Springfield District #186

  • Utility Information

    Electricity Available, Natural Gas Available, Other

  • Location Information

    Direction: 2 parcels on the north side of E. Madison St between N. 4th St & N. 5th St.
Sell a home like this and save $17,441 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Similar Land To 301 N 5th Street

Nearby For Sale

Slider Thumb
Active
Mark as Favorite
$8,000
Land For Sale

1132 N 3rd Street,
Springfield, IL, 62702

Acres

Acres (Lot)

--
Slider Thumb
Active
Mark as Favorite
$159,900
Land For Sale

5004 Foxhall Lane,
Springfield, IL, 62712

Acres1.02

Acres(Lot)
Slider Thumb
Active
Mark as Favorite
$65,000
Land For Sale

2862 Reseda Road #LOT16,
Springfield, IL, 62711

Acres

Acres (Lot)

--
Slider Thumb
Active
Mark as Favorite
$67,000
Land For Sale

5308 Verdant Lane #LOT 7,
Springfield, IL, 62711

Acres

Acres (Lot)

--
Slider Thumb
Active
Mark as Favorite
$67,000
Land For Sale

5216 Verdant Lane #LOT12,
Springfield, IL, 62711

Acres

Acres (Lot)

--

Based on information submitted to the MLS GRID as of 06/17/2026 @ 14:07. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

ByOwner last updated this listing 06/17/2026 @ 14:07

MLS: CA1044452 LISTED BY: Blake Pryor, Coldwell Banker Commercial Dev 217-547-6650 SOURCE: RMLS Alliance

More Cities with for Sale by Owner Homes

Selling? Save $17,441 when you sell a home like this

Tour with a ByOwner Agent