1200 N 5TH Street, Springfield, IL 62702
Sangamon County
Key Facts
Description
Freestanding office/retail building located on a signalized corner lot with strong visibility, convenient access, and multiple points of ingress/egress (13,500 AADT along N Grand Ave E). The building has a flexible layout featuring open areas on each end, several smaller rooms, and a kitchenette near the center. A small clothing store currently occupies the building. Located within the Mid-Illinois Medical District, property benefits from nearby investment and redevelopment, including Advanced Medical Transport/Medics First’s new headquarters and clinical training facility, along with newer facilities for DaVita Kidney Care and KED Plasma. Also, the property falls within the Enos Park TIF District and an Enterprise Zone – call OPED to see if you could qualify for incentives related to building rehabilitation, business improvements, City property tax abatements, and building materials sales tax exemptions.
Property Information
Property Type
Commercial Sale
Year Built
1950
Living Area
3,372 sq ft
Lot Size
0.19 acres
Parking Spaces
12
Zoning
S-3
Days on Market
4
MLS® Listing#
CA1044811
Property Features
Cooling
Heating
Flooring
Lot Features
Construction
Roof
Utilities
Sewer
Water Source
Financial Details
HOA
Yes
Annual Taxes
$3,297
Tax year 2025
Parcel Number
14-22.0-377-007
Directions
Northeast corner of N. 5th St & N Grand Ave E.
Affordability Calculator
$24,000
Estimated monthly payment
$639/mo
Principal $96,000 · Est. interest $133,929 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Springfield, IL
- 37
- Median Days on Market
- 1,833
- Median Sq Ft
- $113
- Median Price / Sq Ft
- 181
- Active Listings
- Its price per sq ft is 69% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Springfield, IL.
Location
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Points of Interest in Springfield, IL
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Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| Lot 76 Panther Creek West, Springfield, IL | $85,000 | — | — | — |
| Lot 78 Panther Creek West, Springfield, IL | $85,000 | — | — | — |
| Lot 73 Panther Creek West, Springfield, IL | $85,000 | — | — | — |
| Lot 74 Panther Creek West, Springfield, IL | $85,000 | — | — | — |
| Lot 75 Panther Creek West, Springfield, IL | $85,000 | — | — | — |
| Lot 77 Panther Creek West, Springfield, IL | $85,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in Springfield
Listing Courtesy: Coldwell Banker Commercial Dev - 2175476650
Presented by: Blake Pryor