Gateway Development Opportunity Between Downtown & the Medical District For Sale

1 .10 +/- acre redevelopment opportunity in the Mid-Illinois Medical District at the gateway to Downtown Springfield . Currently improved as a surface parking lot, the property offers a rare infill development site suitable for mixed-use, multifamily, medical office, research, educational, hospitality, or other commercial uses. Positioned within several powerful incentive programs—including the Adirondack TIF District, Cannabis Grants Area, and a federally designated Opportunity Zone—the site provides developers with multiple tools to support project feasibility and long-term value creation. The property is being offered in “as-is, where-is, with all faults” condition. Seller is aware of certain environmental conditions affecting the site. Additional information is available upon request. The property benefits from approximately 320’ of frontage along Madison St (11,000 AADT) and additional frontage and access from N. 5 th St (5,800 AADT) . Surrounding investments include Villas Downtown Springfield , one of the largest recent multifamily developments in the urban core, as well as continued expansion by Isringhausen Imports , including its recently added Porsche dealership .