301 N 5th St
Springfield, IL 62701
Downtown(on 1.10 acres)
Home Highlights
Listed
37 days ago
Local Information
- Map ViewExplore the area around 301 N 5th St.
- Schools1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
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.
Home Details for 301 N 5th St
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Appliances & Utilities Utilities: Electricity Available, Natural Gas Available |
Gas & Electric Has Electric on Property |
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Water & Sewer Sewer: Public Sewer |
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Days on Market: 37 |
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Property Type / Style Property Type: LandProperty Subtype: Unimproved Land |
Building Has Additional Parcels |
Property Information Parcel Number: 1427.0352017Additional Parcels Description: 1427.0352018 |
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Price List Price: $299,000 |
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MLS Status: Active |
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Direction & Address City: SpringfieldCommunity: Edwards |
School Information High School: Springfield District #186 |
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Listing Agent Listing ID: CA1044452 |
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Association for this Listing: Capital Area Association of Realtors |
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Lot Area: 1.1 Acres |
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Mobile Home Park Mobile Home Units: Feet |
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Mls Number: CA1044452 |
Last check for updates: 42 minutes ago
Listing courtesy of Blake Pryor, (217) 725-9518
Coldwell Banker Commercial Dev
Originating MLS: Capital Area Association of Realtors
Source: RMLS Alliance as distributed by MLS GRID, MLS#CA1044452
Also Listed on RMLS Alliance as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 2026-07-22 12:02:39 PDT. 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. Some IDX listings have been excluded from this website. Click here for more information
Market trends in Springfield
Last updated June 2026
Avg. sale price
$171K
$4.67KMoM
Sale-to-List Price
99.7%
0.7%MoM
Price per sq ft
$112
$2MoM
Available listings
307
25MoM
Price History for 301 N 5th St
| Date | Price | Event | Source |
|---|---|---|---|
| 06/15/2026 | $299,000 | Listed For Sale | RMLS Alliance as distributed by MLS GRID #CA1044452 |
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Comparable Sales for 301 N 5th St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.72 | Lot/Land | $20,000 | 08/18/25 | - | - | ||
0.91 | Lot/Land | $10,000 | 09/18/25 | - | - | ||
0.91 | Lot/Land | $15,000 | 09/18/25 | - | - | ||
0.93 | Lot/Land | $2,500 | 10/09/25 | - | - | ||
0.94 | Lot/Land | $2,500 | 10/09/25 | - | - | ||
1.08 | Lot/Land | $6,800 | 08/11/25 | - | - | ||
1.39 | Lot/Land | $21,000 | 04/13/26 | - | - | ||
1.91 | Lot/Land | $5,000 | 08/22/25 | - | - | ||
1.82 | Lot/Land | $3,000 | 03/17/26 | - | - |
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OFF MARKETMike Buscher, The Real Estate Group, Inc.
OFF MARKETJami R Winchester, The Real Estate Group, Inc.
OFF MARKETKim Wenda, RE/MAX Professionals
OFF MARKETJane Hay, The Real Estate Group, Inc.
OFF MARKETClayton C Yates, The Real Estate Group, Inc.
OFF MARKETStephanie L Do, Do Realty Services, Inc.- FOR SALEDan Moja, TBFS Investments
Assigned Schools
These are the assigned schools for 301 N 5th St.
- Lanphier High School
- 9-12
- Public
- 1064 Students
1/10GreatSchools RatingParent Rating Averagemy daughter has been bullied for 2 years now and nothing ever gets doneParent Review8y ago - Mcclernand Elementary School
- K-5
- Public
- 210 Students
4/10GreatSchools RatingParent Rating AverageMy sons have been attending since Kindergarten and this will mark their 1st and 2nd grade years. I have not had any issues with the teachers nor the surroundings. The technology used by the 1st grade teacher kept up informed and created an ease to contact her about any questions. There is a lot of support for the families at this school.Parent Review8y ago - U S Grant Middle School
- 6-8
- Public
- 494 Students
2/10GreatSchools RatingParent Rating AverageI myself along with my daughter and son attended or attend grant. This school USED to be a great school. Unfortunately in the last 3 years hrant has went from good to very very bad. The teachers give up on their students. If you dont like teaching please quit. 1 math teacher per grade is ridiculous. My child needs help. They offer the after school class 2 days a week but end up canceling the class for lack of students signing up. My kid signs up but cant attend because they cancel the class. Now my kid has to attend summer school or they will make him repeat. Its awful environment. Lazy teachers in a lazy school in a failing school district.Parent Review4mo ago 
Check out schools near 301 N 5th St.
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Downtown
At least 9 Trulia users voted on each feature.
87 % Say car is needed
85 % Say there are sidewalks
81 % Say streets are well-lit
78 % Say it's walkable to restaurants
76 % Say parking is easy
69 % Say it's dog friendly
53 % Say there's wildlife
53 % Say there are community events
50 % Say people would walk alone at night
43 % Say there's holiday spirit
42 % Say neighbors are friendly
39 % Say they plan to stay for at least 5 years
35 % Say it's walkable to grocery stores
29 % Say it's quiet
23 % Say yards are well-kept
15 % Say kids play outside
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Blake Pryor, Coldwell Banker Commercial Dev
Agent Phone: (217) 725-9518