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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Shelley Berendt

Shelley Berendt

+1(217) 741-7227
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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Shelley Berendt

Shelley Berendt

Broker | License ID: 475.127277

+1(217) 741-7227

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301 N 5TH ST

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