847-420-4481
311-319 S 5th St, Springfield, IL for Sale
Parking Lots & Garages - FOR SALE
1/19
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311-319 S 5th St
Springfield, IL 62701
Downtown Springfield


HIGHLIGHTS

  • Located within Downtown Springfield near the Illinois State Capitol complex
  • Positioned in the city's primary government and business district
  • Surrounded by offices, restaurants, hotels, and civic institutions
  • Situated within an established commercial and governmental corridor

OVERVIEW

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.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multi-Building Portfolio

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Parking Lots & Garages

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

56

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

S-3

APN/PARCEL ID

14-34.0-110-029,14-34.0-110-030,14-34.0-110-031,14-34.0-110-032

ASK ABOUT THIS PROPERTY

John AbujaMarcus & MillichapMore Info
847-420-4481

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John AbujaMarcus & MillichapMore Info
847-420-4481

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.