3,372 sqft

$120,000

1200 N 5TH Street, Springfield IL, 62702

Price per sqft$35.59

Built in1950

Property size3,372 sqft

Property typeCommercial

Courtesy of Coldwell Banker Commercial Dev, Listing Contact:

Overview

Active

Listed Jul 1, 2026

Updated Jul 6

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.

Other Property Details

Taxes: $3,297
Tax Frequency: Annually

Listings courtesy of RMLS Alliance as distributed by MLS GRID

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