301 5TH Street, Springfield, IL, 62701
Coldwell Banker Commercial Dev
$299,000
Request info
Basics
- Date added: Added 7 days ago
- Category: Lots & Land
- Type: Land
- Status: Active
- SubdivisionName: Edwards
- ListOfficeName: Coldwell Banker Commercial Dev
- ListAOR: rmlsa
- MLS ID: RMACA1044452
Description
-
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.
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Location
- CountyOrParish: Sangamon
- Directions: 2 parcels on the north side of E. Madison St between N. 4th St & N. 5th St.
Building Details
- NewConstructionYN: No
Amenities & Features
- Waterfront available: No
- GarageYN: No
- AttachedGarageYN: No
- FireplaceYN: No
- PoolPrivateYN: No
- Utilities: Electricity Available, Natural Gas Available, Other
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