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301 N 5th Street, 
Springfield, IL 62701

$299,000

—

Bed

—

Bath

-

Sq Ft

1.10

Acres (Lot)

Land

Active

Listed by

Blake Pryor

Coldwell Banker Commercial Dev

217-547-6650

Last updated:

June 23, 2026, 02:18 PM

MLS#

CA1044452

Source:

IL CAAR

About This Land

301 N 5th Street

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.

Land Facts

Description/Design:

Land

Lot Size (Acres)

1.10

MLS #:

CA1044452

Last Updated:

June 23, 2026, 02:18 PM

Added:

9 day(s) ago

Finances & Disclosures

Finances

Price:

$299,000

Source:IL CAAR
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.