Contact us: 563.441.1776
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.
Property Highlights
Property Type: Land - Farm
Total Acres: 1.10 Acres
Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Zoning: S-3
General Information
County: Sangamon
Listed By:
Coldwell Banker Commercial Dev
RMLSA
MLS ID: CA1044451
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301 N 5th Street, Springfield, IL 62701.
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563-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $250,000 | $250,000 | $250,000 |
| Down Payment | $50,000 | $8,750 | $62,500 |
| Monthly Mortgage Amount | $1,297 | $1,592 | $1,608 |
| Taxes | $348 | $348 | $348 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $110 | $0 |
| Monthly Estimated Total | $1,745 | $2,150 | $2,056 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 11/09/2026. The listing information on this page last changed on 11/09/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 11/09/2026 8:30:34 AM EST) or MRED MLS (last updated Mon 11/09/2026 7:05:43 AM EST) or SCWMLS (last updated Mon 11/09/2026 8:27:01 AM EST) or Rockford Board of Realtors (NWIAR) (last updated Sun 11/08/2026 10:16:30 PM EST) or Cedar Rapids MLS (last updated Mon 11/09/2026 8:29:15 AM EST) or NEIRBR MLS (last updated Mon 11/09/2026 8:28:44 AM EST) or ICAAR MLS (last updated Sun 11/08/2026 11:37:27 PM EST) or ECIMLS (last updated Sun 11/08/2026 11:44:36 PM EST) or RMLSA (last updated Mon 11/09/2026 8:23:13 AM EST) or Muscatine MLS (last updated Mon 11/09/2026 2:00:12 AM EST) or No Coast MLS (last updated Mon 11/09/2026 8:24:22 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. 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.
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