301 N 5TH ST, Springfield, IL 62701
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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Shonna Murrey

Shonna Murrey

+1(515) 612-8939
Listed by Blake Pryor • Coldwell Banker Commercial Dev
$ 299,000
Est. payment | /mo

1.1 Acres Lot

Save
$ 299,000
Est. payment | /mo
Save

1.1 Acres Lot

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CA1044451

Annual Tax Amount $14,434

Tax Year 2025

Lot Size 1.100 Acres

Acres 1.1

Property Sub-Type Commercial

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 S-3

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 Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

View true

Garage 1

Building

Lot Description Utilities, Level

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

Sewer Public Sewer

Water City Water/Connected, Municipal/City

Others

Tax ID 14-27.0-352-017

Nearby Locations

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Shonna Murrey
Shonna Murrey

Broker Associate | License ID: 64826000

+1(515) 612-8939

315 SW Maple St, Ankeny, IA, 50023, USA

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301 N 5TH ST

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