47,916 / 1.1
Lot Size / Acres

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...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.
  1. Listed by Blake Pryor • Coldwell Banker Commercial Dev
    P: (217)-725-9518 C: (217)-725-9518 bpryor@cbcdr.com

Property Details for 301 North 5th Street

Subdivision Name
Edwards
LISTING UPDATED: 06/15/2026 06:19 AM

Property Details for 301 North 5th Street

StatusActive
MLS #CA1044452
Days on MarketListed Today
Taxes$14,434 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeLand
MLS TypeLand / Lots & Land
Year Built-
Lot Size1.10 AC
CountySangamon County

Location

Listing Courtesy of Coldwell Banker Commercial Dev
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Building Information for 301 North 5th Street

Lot Size1.10 AC

Payment Calculator

$2,693 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,490

Property Taxes

$1,203

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 301 North 5th Street

Summary
Location and General Information
  • City: Springfield
  • County Or Parish: Sangamon
  • Directions: 2 parcels on the north side of E. Madison St between N. 4th St & N. 5th St.
  • Latitude: 39.804591
  • Longitude: -89.649659
  • MLSArea Minor: Springfield
  • Postal Code: 62701
  • State Or Province: IL
  • Township: T16N
  • Zoning: Commercial
Taxes and HOA Information
  • Additional Parcels Description: 14-27.0-352-018
  • Parcel Number: 14-27.0-352-017
  • Mandatory Assoc Annual Fee: No
  • Mandatory Assoc Monthly Fee: No
  • Tax Annual Amount: $14,434
  • Tax Legal Description: 1.10 +/- acre redevelopment opportunity in the Mid-Illinois Medical District, just north of Downtown
  • Tax Year: 2025
School Information
  • High School: Springfield District #186
Property
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Acres: 1.1
  • Lot Size Dimensions: 120 x 320 x 187
  • Number Of Lots: 2
  • 100 Year Plain: No
  • Section: 33
Property and Assessments
  • Documents Available: Aerial Photos
Utilities
  • Water Source: Public Sewer
  • Utilities: Electricity Available, Natural Gas Available, Other
Interior and Exterior Features
Interior Features
  • Operating Recording Device: None
Mobile Home
Mobile/Manufactured Home
  • Range: R5W

Property History for 301 North 5th Street

DateEvent & SourcePriceAppreciation
Jun 15, 2026

Listed (Active)

RMLS ALLIANCE #CA1044452

$299,000
DateEvent & SourcePrice
06/15/2026

Listed (Active)

RMLS ALLIANCE #CA1044452

$299,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 301 North 5th Street

Taxable ValueLand$85,435Additions$2,902Total$88,337
Tax Record2025$7,152 ($596 / month)
Home Facts
Lot Size19,603 SqFtStyleMiscellaneous CommercialCountySANGAMONAPN14-27.0-352-017

Schools near 301 North 5th Street

This home is within Springfield School District 186.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Mcclernand Elementary School
PublicK to 5

U S Grant Middle School
Public6 to 8

Lanphier High School
Public9 to 12

Lincoln Magnet School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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301 North 5th Street is a 1.1 ac of land for sale in Springfield, IL 62701. This property was listed for sale on June 15, 2026 by Coldwell Banker Commercial Dev, it's currently listed at $299,000. This listing's school district is Springfield School District 186. Nearby schools include Mcclernand Elementary School, U S Grant Middle School and Lanphier High School. 301 North 5th Street is a 0-bed, 0-bath, 1.1 ac of land on a 47,916 sq. ft. / 1.1 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Commercial Dev

Based on information submitted to the MLS GRID as of 06/15/2026 06:19 AM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.