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311-319 S 5th St - Multi-Building Portfolio 166,144 SF Specialty Building Offered For Sale in Springfield, IL 62701
Investment Highlights
- Located within Downtown Springfield near the Illinois State Capitol complex
- Surrounded by offices, restaurants, hotels, and civic institutions
- Positioned in the city's primary government and business district
- Situated within an established commercial and governmental corridor
Executive Summary
311-319 S 5th Street offers an opportunity to acquire a strategically located downtown Springfield asset positioned within the state's capital city. Situated in the heart of Downtown Springfield, the property benefits from proximity to government offices, professional services, restaurants, hotels, cultural attractions, and employment centers that support daily activity throughout the district.
The property consists of a multi-parcel parking facility serving the downtown core. Its location along South 5th Street provides convenient access to major downtown destinations, including the Illinois State Capitol complex, Sangamon County offices, and a variety of commercial and civic institutions. The surrounding area benefits from established infrastructure, walkability, public transportation access, and ongoing downtown investment initiatives that continue to support business activity and visitation.
As Springfield's central business district remains a hub for government, legal, professional, and hospitality-related activity, well-located parking assets play an important role in supporting employees, visitors, and patrons. The property's downtown positioning offers visibility and accessibility within one of the city's most active commercial environments. Investors may find value in the asset's location, multiple-parcel configuration, and connection to the broader downtown transportation and parking network.
The property consists of a multi-parcel parking facility serving the downtown core. Its location along South 5th Street provides convenient access to major downtown destinations, including the Illinois State Capitol complex, Sangamon County offices, and a variety of commercial and civic institutions. The surrounding area benefits from established infrastructure, walkability, public transportation access, and ongoing downtown investment initiatives that continue to support business activity and visitation.
As Springfield's central business district remains a hub for government, legal, professional, and hospitality-related activity, well-located parking assets play an important role in supporting employees, visitors, and patrons. The property's downtown positioning offers visibility and accessibility within one of the city's most active commercial environments. Investors may find value in the asset's location, multiple-parcel configuration, and connection to the broader downtown transportation and parking network.
Property Facts
| Sale Type | Investment | Building Size | 166,144 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Parking Lot | Year Built | 2000 |
| Building Class | C | Parking Ratio | 0.34/1,000 SF |
| Lot Size | 0.42 AC | ||
| Zoning | S-3 | ||
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Parking Lot |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 166,144 SF |
| No. Stories | 1 |
| Year Built | 2000 |
| Parking Ratio | 0.34/1,000 SF |
| Zoning | S-3 |
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Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $147,571 | Total Assessment | $147,571 |
Property Taxes
Parcel Numbers
Land Assessment
$147,571
Improvements Assessment
$0
Total Assessment
$147,571
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