There are multiple listings for this address:
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.
Property Details
Price:
$299,000
MLS #:
RMACA1044451
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Listed Date:
Jun 15, 2026
Lot Size:
47,916 sqft / 1.10 acres (approx)
See this Listing
Schools
Interior
Exterior
Lot Features
Utilities, Level
Financial
Tax Year
2025
Taxes
$14,434
Map
Community
- Address301 N 5TH Street Springfield IL
- CitySpringfield
- CountySangamon
- Zip Code62701
Market Summary
Current real estate data for Commercial in Springfield as of Jun 17, 2026
185
Commercial Listed
941
Avg DOM
$671,836
Avg List Price
Property Summary
- 301 N 5TH Street Springfield IL is a Commercial for sale in Springfield, IL, 62701. It is listed for $299,000 To schedule a showing of MLS#rmaca1044451 at 301 N 5TH Street in Springfield, IL, contact your Phil Dressen Realtors agent at (217) 254-9223.
Similar Listings Nearby
Copyright 2026. All rights reserved.
301 N 5TH Street
Springfield, IL
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.
Property Details
Price:
$299,000
MLS #:
RMACA1044452
Status:
Active
Beds:
0
Baths:
0
Type:
Land
Subtype:
Commercial
Listed Date:
Jun 15, 2026
See this Listing
Schools
Interior
Exterior
Lot Features
Utilities, Level
Financial
Tax Year
2025
Taxes
$14,434
Map
Community
- Address301 N 5TH Street Springfield IL
- CitySpringfield
- CountySangamon
- Zip Code62701
Market Summary
Current real estate data for Land in Springfield as of Jun 17, 2026
185
Land Listed
941
Avg DOM
$671,836
Avg List Price
Property Summary
- 301 N 5TH Street Springfield IL is a Land for sale in Springfield, IL, 62701. It is listed for $299,000 and features 1 acres. To schedule a showing of MLS#rmaca1044452 at 301 N 5TH Street in Springfield, IL, contact your Phil Dressen Realtors agent at (217) 254-9223.
