Home Highlights
Lot/Land
1.1 acre lot
Local Information
- Map ViewExplore the area around 301 N 5th St.
- Schools1 Elementary School1 Middle School1 High School
- Shop & Eat
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About this House
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.
Last check for updates: about 11 hours 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 2026-09-05 17:27:29 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
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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Cumulative Days on Market: 7Days on Market: 82 |
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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 |
Around this home
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.
Market trends in Springfield
Last updated July 2026
Avg. sale price
$192K
$20.83KMoM
Sale-to-List Price
100.0%
0.3%MoM
Price per sq ft
$116
$4MoM
Available listings
342
34MoM
Home Value
Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
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 | - | - | ||
1.39 | Lot/Land | $21,000 | 04/13/26 | - | - | ||
1.61 | Lot/Land | $50,000 | 08/07/26 | - | - | ||
1.82 | Lot/Land | $3,000 | 03/17/26 | - | - | ||
1.79 | Lot/Land | $16,500 | 08/04/26 | - | - |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.26 | $1,042,900 | Studio | - | 13,624 | Off Market | |
0.25 | $171,300 | 2 | 2 | 972 | Off Market | |
0.30 | $192,800 | 5 | 4 | 2,563 | Off Market | |
0.26 | $80,500 | 1 | 1.5 | 800 | Off Market | |
0.33 | $175,300 | 4 | 3 | 3,348 | Off Market | |
0.33 | $131,300 | 3 | 1.5 | 1,948 | Off Market | |
0.34 | $59,300 | 2 | 1 | 1,004 | Off Market | |
0.34 | - | 3 | 2 | 1,459 | Off Market | |
0.34 | $155,400 | 3 | 1.5 | 1,976 | Off Market | |
0.36 | - | - | - | - | Off Market | |
0.38 | - | 3 | 1 | 992 | Off Market |
Price and Tax history
| Date | Event | Price |
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Jun 15, 2026 Source: RMLS Alliance as distributed by MLS GRID #CA1044452 | Listed For Sale | $299,000 |
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Blake Pryor, Coldwell Banker Commercial Dev
Agent Phone: (217) 725-9518
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Frequently asked questions about 301 N 5th St
- How big is 301 N 5th St?301 N 5th St in Springfield, IL is about 1.1 acres.
- What is the price per acre for 301 N 5th St?301 N 5th St in Springfield, IL is listed at $299,000, or about $270K per acre.
- What do residents say about the Downtown neighborhood?Residents describe the Downtown neighborhood in Springfield, IL as pedestrian-friendly, walkable to restaurants, and easy to park in. See homes for sale in Downtown, Springfield.
- What are the closest schools to 301 N 5th St?The closest schools to 301 N 5th St in Springfield, IL are Lanphier High School (rated 1/10), Mcclernand Elementary School (rated 4/10), U S Grant Middle School (rated 2/10).