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    301 N 5TH ST, Springfield, IL 62701
    301 N 5TH ST, Springfield, IL 62701
    301 N 5TH ST, Springfield, IL 62701
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    Jackie Weisenburger

    Jackie Weisenburger

    +1(217) 430-9353
    Listed by Blake Pryor • Coldwell Banker Commercial Dev
    $299,000
    Est. payment /mo
    1.1 Acres Lot
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    UPDATED:

    Key Details

    Property Type Vacant Land

    Sub Type Lots & Land

    Listing Status Active

    Purchase Type For Sale

    Subdivision Edwards

    MLS Listing ID CA1044452

    Annual Tax Amount $14,434

    Tax Year 2025

    Lot Size 1.100 Acres

    Acres 1.1

    Lot Dimensions 120 x 320 x 187

    Property Sub-Type Lots & Land

    Source rmlsa

    Property Description

    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.

    Location

    State IL

    County Sangamon

    Area Springfield

    Zoning Commercial

    Direction 2 parcels on the north side of E. Madison St between N. 4th St & N. 5th St.

    Interior

    Fireplace N

    Exterior

    Utilities Available Electricity Available, Natural Gas Available, Other

    View true

    Garage 1

    Building

    Lot Description Corner Lot

    Faces 2 parcels on the north side of E. Madison St between N. 4th St & N. 5th St.

    Water Public Sewer

    Schools

    High Schools Springfield District #186

    Others

    Tax ID 14-27.0-352-017

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    Jackie Weisenburger

    Jackie Weisenburger

    +1(217) 430-9353

    Broker | License ID: 475.141177

    Broker License ID: 475.141177

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