Automotive Properties For Sale

More details for 945 E Chicago St, Elgin, IL - Retail for Sale

PRICE REDUCED - CALL FOR DETAILS! - 945 E Chicago St

Elgin, IL 60120

Automotive Property
Retail for Sale
Price Upon Request
27,630 SF

Elgin Retail for Sale - Far Northwest

27,630 SF Building on a 4.39 Acre Site 11,393 SF Service Area: 21 bays with 8 drive-in doors 4,400 SF Body Shop: 7 drive-in doors, triple catch basin floor drains Carstar Auto Body willing to lease back auto body shop for $10,000/month gross 5,745 SF Auto Showroom and 2,035 SF Truck Showroom 7,500 SF Offices: 4 sales cubes, file room, IT room, service write-up area, conference/break room, customer lounge, kids' play area, office storage area 2,400 SF Parts Department: bonus 1,200 SF mezzanine storage 15' Clear Ceiling; 16'9" Ceiling Deck Sprinklered Zoned CI- Commercial Industrial NEW PRICING - CALL FOR DETAILS!

Contact:

Brown Commercial Group

Property Subtype:

Auto Dealership

Date on Market:

2026-05-05

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4257 W Montrose Ave

Chicago, IL 60641

Automotive Property
Flex for Sale
Price Upon Request
3,500 SF

Chicago Flex for Sale - Northwest City

Located in the Mayfair neighborhood is a single-story flex industrial building situated on a 4,850 SF lot. The property offers approximately 3,500 SF and is currently configured for automotive storage and repair. The building features four overhead doors, three front-facing and one larger side door, providing excellent drive-in capability and workflow efficiency. The space is configured with a flexible layout and can be divided into three separate work spaces or one large area. Opportunity for a user, investor or developer. Close to Edens and Kennedy expressways and public transportation.

Contact:

Millennium Properties R/E, Inc.

Date on Market:

2026-04-27

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More details for 24455 N US Highway 12, Lake Zurich, IL - Retail for Sale

Lake Zurich Auto Dealership - 24455 N US Highway 12

Lake Zurich, IL 60047

Automotive Property
Retail for Sale
Price Upon Request
19,000 SF

Lake Zurich Retail for Sale - Central Northwest

Revault by Luxe Corsa presents a rare opportunity for an automotive operator to establish a presence within one of Chicagoland’s most unique and affluent automotive-focused developments. Positioned within a 21-acre, master-planned luxury auto suite community, this offering provides a strategic environment tailored to high-end vehicle users, collectors, and enthusiasts. Unlike traditional dealership sites, this opportunity is best suited for operators seeking a complementary presence—whether as a boutique showroom, client experience center, inventory storage hub, or specialized automotive service concept. The surrounding development is designed to attract a concentrated base of high-net-worth individuals, many of whom actively participate in the automotive lifestyle and maintain multiple vehicles. The project’s gated, access-controlled campus and private ownership structure create a secure and curated environment, offering a distinct alternative to conventional retail automotive settings. This positioning allows for a more intimate, relationship-driven business model, where operators can engage directly with a highly targeted and qualified customer base. Strategically located in Lake Zurich along the Route 12 corridor, the site benefits from proximity to Barrington, Lake Forest, and the broader North Shore—areas known for strong household incomes, high vehicle ownership, and an established car enthusiast culture. This demographic alignment provides a unique opportunity to integrate within a built-in customer ecosystem rather than relying solely on traditional drive-by traffic. Potential uses include boutique luxury auto sales, specialty vehicle brokerage, private client showrooms, high-end detailing or customization services, and hybrid automotive concepts that blend retail, storage, and experiential elements. The flexibility of the development allows operators to tailor their space to fit evolving business models within the luxury automotive sector. Revault by Luxe Corsa is not simply a real estate offering—it is a platform for automotive businesses to align with a growing lifestyle-driven market. As demand for private automotive storage and community-oriented environments continues to expand, opportunities to establish a presence within a project of this scale and positioning remain limited.

Contact:

@properties Commercial

Property Subtype:

Auto Dealership

Date on Market:

2026-04-23

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More details for 24455 US-12, Lake Zurich, IL - Industrial for Sale

Luxe Corsa Auto Suites - 24455 US-12

Lake Zurich, IL 60047

Automotive Property
Industrial for Sale
Price Upon Request
243,100 SF

Air Conditioning
Security System
24 Hour Access
Controlled Access

Lake Zurich Industrial for Sale - Central Northwest

Luxe Corsa Auto Suites presents a rare opportunity to acquire a private, luxury automotive suite within one of Chicagoland’s most thoughtfully designed collector communities. Situated on approximately 21 acres in Lake Zurich, this gated campus will feature 121 architecturally refined auto suites across a multi-building layout, purpose-built for discerning owners who view their vehicles not simply as transportation, but as assets, passions, and expressions of lifestyle. This is not a traditional storage concept—it is a curated ownership experience where design, security, and community converge. Each suite is fully climate-controlled and constructed with insulated walls, modern lighting, and high-capacity electrical service, offering an ideal environment to preserve, showcase, and enjoy prized automotive collections. Ownership includes access to a private, members-only clubhouse inspired by motorsports culture and contemporary luxury. Amenities are designed to extend beyond storage, featuring business and networking spaces, lounge areas, event venues, and immersive entertainment elements such as racing simulators and lifestyle-driven hospitality environments. Units are offered in multiple configurations, including premium suites of approximately 2,430 square feet and standard suites of approximately 1,860 square feet, each incorporating mezzanine space and the flexibility for customized buildouts. Buyers are afforded the ability to tailor interiors to their exact vision—whether that be a private showroom, executive retreat, or fully built-out automotive lounge. With pricing beginning in the mid-$500,000s and extending into the high-$600,000s, Luxe Corsa represents a compelling intersection of real estate investment and lifestyle ownership. Early demand has already demonstrated strong market validation, with a meaningful portion of units reserved prior to construction, signaling both scarcity and continued upward pricing potential as the project advances through its development phases. The project is spearheaded by developer Romeo Kapudija, a former professional racecar driver, whose vision brings authenticity and a deep understanding of the enthusiast market. This foundation is evident throughout the design—where performance, community, and architecture are intentionally aligned to create a destination rather than a commodity. Strategically positioned along Route 12, Luxe Corsa captures a highly affluent North and Northwest suburban demographic, including Barrington, Lake Forest, and the broader North Shore corridor—areas known for high vehicle ownership, collector density, and a growing demand for premium automotive storage solutions. More than a place to store vehicles, Luxe Corsa is a long-term play on lifestyle-driven real estate—where ownership extends beyond the walls of the suite and into a private network of like-minded individuals. As automotive collecting continues to evolve into an asset class and experiential ownership gains traction, opportunities of this scale, design, and positioning remain limited. For buyers seeking both utility and distinction, Luxe Corsa offers the ability to secure a presence within an emerging, high-demand segment of the market. Contact us for additional info

Contact:

@properties Commercial

Property Subtype:

Warehouse

Date on Market:

2026-04-20

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1282 Normantown rd

Romeoville, IL 60446

Automotive Property
Land for Sale
Price Upon Request
1.60 AC Lot

Romeoville Land for Sale - Joliet/Central Will

This 1.6-acre parcel offers a prime development opportunity in one of Will County’s fastest-growing communities. Ability to increase acreage to 3.2 acres total with neighboring lot. Positioned at the high-visibility corner of I-55 and Weber Road, the site benefits from traffic counts exceeding 130,000 vehicles per day on I-55 and 40,000 vehicles per day on Weber Road. Located within the Romeoville Normantown TIF District, the property provides potential financial incentives and favorable Will County tax rates, making it an attractive option for investors and developers.

Contact:

Caton Commercial Real Estate Group

Property Subtype:

Commercial

Date on Market:

2026-02-13

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East Court Village Development Sites

Automotive Property
Land for Sale
Price Upon Request
2.65 AC
6 Land Properties

Pekin Portfolio of properties for Sale - Outlying Tazewell County

Rare opportunity to acquire one or more development sites within East Court Village, a 400,000+ SF regional shopping center serving Pekin and the surrounding Central Illinois trade area. Available parcels may be purchased individually or as a portfolio and offer flexibility for sale, ground lease, or build-to-suit opportunities. Available Sites: Outlot B – ±0.57 AC Outlot C – ±0.97 AC Outlot 3 – ±0.96 AC Outlot 4 – ±2.33 AC Outlot 6 – ±2.65 AC Outlot 7 – ±1.78 AC The sites are strategically positioned throughout East Court Village and benefit from excellent visibility, signalized access, established infrastructure, and exposure to one of the strongest concentrations of national retailers in the region. East Court Village is anchored by Marshalls, Ross Dress for Less, Five Below, Hobby Lobby, Harbor Freight, Tractor Supply Company, Petco, Aldi Food Market, and Dunham's Sports, creating a dominant regional shopping destination. Several parcels are located at key entrances to the development and are well suited for restaurant, coffee, financial services, medical, hospitality, automotive service, retail, and other commercial development opportunities. Parcel sizes range from approximately 0.57 acres to 2.65 acres, providing flexibility for a variety of users and development formats. Located within Pekin's primary retail corridor, East Court Village continues to attract significant consumer traffic from Pekin and the surrounding trade area and represents one of the premier development opportunities in Central Illinois.

Contact:

Cullinan Properties, Ltd.

Date on Market:

2025-12-12

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NEC Route 30 And 5th St

Montgomery, IL 60538

Automotive Property
Land for Sale
Price Upon Request
15 AC Lot

Montgomery Land for Sale - Western East/West Corr

Bulk sale or sale of subdivided parcel JV’s may be considered case by case $9.25/sq ft for hard corner $6.50/sq ft for remainder

Contact:

Flanagan Realty

Property Subtype:

Commercial

Date on Market:

2025-09-18

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More details for 901 Maple Rd, New Lenox, IL - Land for Sale

NWQ of I-355 and Route 6 - 901 Maple Rd

New Lenox, IL 60451

Automotive Property
Land for Sale
Price Upon Request
68 AC Lot

New Lenox Land for Sale - Joliet/Central Will

Secure a lot today—26 Lots, 16 available, and they won’t last. First time offered – Creates urgency and exclusivity. Large-scale, high-visibility development in a rapidly growing area. Zoned and primed for multiple commercial uses: Retail, QSR (fast food), hotel, gas station, automotive, or mixed use. Strong fit for national brands, developers, and franchise operators seeking corner visibility and high traffic.

Contact:

R/J Rymek & Co.

Property Subtype:

Commercial

Date on Market:

2025-06-19

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275 Milwaukee Ave

Buffalo Grove, IL 60089

Automotive Property
Land for Sale
Price Upon Request
4.71 AC Lot

Buffalo Grove Land for Sale - Central North

Located at 275 Milwaukee Avenue in Buffalo Grove, Illinois, this ±4.71-acre divisible land site presents a rare development opportunity along one of Lake County’s most heavily traveled commercial corridors. The property is zoned B3 (Planned Business Center District) and MUPD (Mixed Use Planned Unit Development), allowing for a variety of potential uses including retail, commercial, multifamily residential, and senior care development. Situated within the highly regarded Stevenson High School District 125, the site benefits from outstanding visibility and accessibility along Milwaukee Avenue, which carries approximately 37,200 vehicles per day. With flexible development potential, strong demographics, and a premier location in the heart of Buffalo Grove, the property is well-positioned for a wide range of investment and redevelopment opportunities.

Contact:

CBRE, Inc.

Property Subtype:

Commercial

Date on Market:

2025-04-09

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More details for 1529 N Main St, Chatham, IL - Land for Sale

48.99 Acres to develop - Springfield, IL MSA - 1529 N Main St

Chatham, IL 62629

Automotive Property
Land for Sale
Price Upon Request
48.99 AC Lot

Chatham Land for Sale

This Subject property is an opportunity to develop within the gap between Chatham and Springfield with excellent access, and visibility directly off of Route 4. Located at 1529 N Main St Chatham, IL these two parcels have 3 points of access ensuring valuable ingress egress from neighboring residential and commercial traffic. Retail and commercial neighbors include County Market, Dollar General, Walgreens, Goodwill, Snap Fitness, Pizza Hut, Casey’s, Arby’s, and AT&T. Price Negotiable, please contact listing agent for more details.

Contact:

CIRE Partners

Property Subtype:

Commercial

Date on Market:

2024-04-23

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7060 S South Chicago Ave

Chicago, IL 60637

Automotive Property
Land for Sale
Price Upon Request
0.95 AC Lot

Chicago Land for Sale - South Chicago

The property is a vacant land parcel located in the Greater Grand Crossing neighborhood of Chicago, Cook County, Illinois. It spans approximately 1.55 acres with frontage along South Chicago Avenue and access from city streets. The site is zoned for commercial use and is situated near major intersections, providing connectivity to surrounding neighborhoods and transportation routes. This parcel is also available for lease!

Contact:

Transwestern Real Estate Services

Property Subtype:

Industrial

Date on Market:

2024-07-17

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More details for Cottage St, Shorewood, IL - Land for Sale

I-55 & I-80 Development Site Outlot - Cottage St

Shorewood, IL 60404

Automotive Property
Land for Sale
Price Upon Request
14.01 AC Lot

Shorewood Land for Sale - Joliet/Central Will

Development opportunity along I-55 and Route 59 FULL interchange just completed in Fall of 2024 Great site for retail, gas station, truck stop, dealership and hotel No industrial, truck, or storage uses TIF district with approximately 16 years left Traffic on I-55 is 68,200 vehicles per day and heavy commercial volume with 13,800 trucks per day Heavy Commercial Traffic on Cottage Rd (Route 59) 1,275 trucks per day No industrial, truck, or storage uses Water and sewer to site

Contact:

Caton Commercial Real Estate Group

Property Subtype:

Industrial

Date on Market:

2024-06-27

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2150 E Algonquin Rd

Algonquin, IL 60102

Automotive Property
Land for Sale
Price Upon Request
0.69 AC Lot

Algonquin Land for Sale - Far Northwest

Algonquin Road Development Site. Build-to-suit, Ground Lease, or Sale. Over 800' of frontage on Algonquin Road! Many available options, & multiple pins. Property can be sold in pieces. Zoning is both I-1 & B-2 depending on the PIN. Property can possibly be re-zoned for apartments or condos. Former Gas Station was on one site, All tanks have been removed and owner has clean environmental. Cable, Curb/Gutter/Sidewalk, Electricity, Gas, No Irrigation, Sewer, Streets, Telephone, & Water to site. Possible use: Apartment Units, Condo, Auto Dealership, Auto Repair, Commercial, Health Care, Hospitality, Hotel, Medical, Mixed Use, Office Park, Planned Unit Development, Retail Warehouse, Self-Storage & More. Contact Listing agent for additional information.

Contact:

@properties Commercial

Property Subtype:

Commercial

Date on Market:

2024-04-01

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711 Ogden Ave

Lisle, IL 60532

Automotive Property
Land for Sale
Price Upon Request
18.64 AC Lot

Lisle Land for Sale - Western East/West Corr

Large 18.6 acre development site.

Contact:

NAI Hiffman

Property Subtype:

Commercial

Date on Market:

2021-04-23

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1400 E Northwest Hwy

Palatine, IL 60074

Automotive Property
Retail for Sale
Price Upon Request
17,000 SF

Metro/Subway

Palatine Retail for Sale - Schaumburg Area

Generational Redevelopment Opportunity! +2.51 acres located directly across the street from Potential home of the Chicago Bears Prime Location Just 1/4 mile from Rt 14 & Rt 53 Full Interchange Located directly across Arlington Park Metra Train Station 472 Feet of frontage on busy Northwest Hwy (Rt 14) Wide range of allowable uses for redevelopment North Side of Northwest Highway and West Williams Zoned B-2 for general business access **Existing Income in place during redevelopment process** Ideal for any 1031 Exchange (Current NOI: $99,026 per year) **Leases in Place with owner right to terminate with 6 Months Notice** Prime Location Just 1/4 mile from Rt 53 Interchange For Sale: Price is subject to offer!!

Contact:

Chicagoland Commercial Real Estate

Property Subtype:

Storefront

Date on Market:

2020-07-08

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Grand Prairie Outlots – Multiple Pads

Automotive Property
Land for Sale
Price Upon Request
7.69 AC
7 Land Properties

Peoria Portfolio of properties for Sale - North Peoria

Rare opportunity to acquire one or more development sites within Grand Prairie, one of Central Illinois' premier retail, entertainment, and lifestyle destinations. Available parcels may be purchased individually or as a portfolio and offer flexibility for sale, ground lease, or build-to-suit opportunities. Available Sites: Theater Outlot 1 – ±0.32 AC (pad with parking in place) Theater Outlot 2 – ±0.91 AC Outlot 3 – ±1.01 AC Outlots 10-12 (Proposed) – ±3.06 AC Outlot 10 – ±1.65 AC Outlot 12 – ±1.41 AC Plaza Outlot 9 – ±0.90 AC Outlot 3A – ±0.07 AC (pad with parking in place) East Lot 1 – ±2.25 AC Located at the intersection of US-150, Route 6, and Route 91, the sites benefit from exceptional visibility, regional accessibility, and proximity to dominant national retailers including Hy-Vee, HomeGoods, Marshalls, AMC Theatres, and Academy Sports + Outdoors. The development is further supported by the Louisville Slugger Sports Complex, which attracts approximately 500,000 to 600,000 visitors annually and drives significant year-round traffic to the corridor. Opportunities range from small-format pad sites to multi-acre development parcels and can accommodate a variety of retail, restaurant, hospitality, medical, financial services, automotive, office, and service-oriented commercial uses. Several sites benefit from existing infrastructure, established access, and proximity to shared parking fields.

Contact:

Cullinan Properties, Ltd.

Date on Market:

2018-07-17

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More details for 300 W Northwest Hwy, Arlington Heights, IL - Retail for Sale

American Standard - 300 W Northwest Hwy

Arlington Heights, IL 60004

Automotive Property
Retail for Sale
$1,528,989 CAD
1,413 SF

Arlington Heights Retail for Sale - Schaumburg Area

GREAT OPPORTUNITY TO OWN AN ESTABLISHED AUTOMOTIVE SHOP IN A PRIME LOCATION! This is your chance to own both the established business and the real estate! The building features office space with a comfortable waiting area, two service bays for working on vehicles, and plenty of storage space. The exterior offers ample parking for customers and employees. Conveniently located in a high-traffic area with excellent visibility, this property is ready for a new owner to take advantage of its established business and prime location. Don't miss this fantastic opportunity!

Contact:

Suburban Life Realty

Date on Market:

2026-08-20

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201 E 4th St

Waterloo, IL 62298

Automotive Property
Retail for Sale
$416,997 CAD
5,586 SF

Waterloo Retail for Sale - Monroe County

• Seven (7) single-tenant investment properties throughout the St. Louis Metropolitan area, leased on a triple-net basis • National Credit Tenancy: All properties are leased to Genuine Parts Company, a national credit tenant, of which Napa Auto Parts is a division • Properties include industrial, service-center, and office-warehouse properties • All properties are available as a package but individual sales may be considered • Building Size: 5,586 SF • Lot Size: 0.20 acres • Clear Height: 9’–12’ • Lease Expiration: May 31, 2029 • Includes adjacent residential property at 207 E 4th Street

Contact:

Savoy Properties

Property Subtype:

Freestanding

Date on Market:

2026-07-27

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More details for 1005-1019 W Jefferson St, Springfield, IL - Land for Sale

0.43-Acre Infill Site at a Major Intersection - 1005-1019 W Jefferson St

Springfield, IL 62702

Automotive Property
Land for Sale
$125,099 CAD
0.30 AC Lot

Springfield Land for Sale

0.43-acre commercial site consisting of two adjoining lots at a major Springfield intersection. The property offers visibility from three arterial roadways with combined traffic counts of approximately 31,300 vehicles per day: W. Jefferson Street, W. Madison Street, and N. MacArthur Boulevard. An existing curb cut on W. Jefferson Street provides site access. The property is well suited for a variety of small-scale retail, service, automotive, equipment rental, or commercial uses. Located in an established commercial corridor surrounded by nearby residential neighborhoods, the site benefits from strong traffic exposure and convenient access. Nearby businesses and employment centers include Casey’s, Valvoline, Dollar General, Harbor Freight, and the Illinois Department of Transportation’s Division of Bridges and Structures.

Contact:

Coldwell Banker Commercial Devonshire Realty

Property Subtype:

Commercial

Date on Market:

2026-07-15

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425 W Market St

Red Bud, IL 62278

Automotive Property
Flex for Sale
$521,246 CAD
2,400 SF

Red Bud Flex for Sale

Commercial/mixed-use opportunity in Red Bud, IL featuring two adjacent parcels totaling 1.65 acres with 240 feet of frontage on W Market St / Route 3 and an average daily traffic count of 8,050 vehicles per day. The 425 W Market parcel includes a commercial building previously used as a tire shop, offering two overhead garage doors and flexible potential for automotive repair, contractor operations, equipment storage, or service-based business use. The 433 W Market parcel includes a 2-bedroom, 1.5-bath brick home with a full unfinished basement and a long-term tenant in place for 15+ years, adding a residential income component. Strong visibility, frontage, commercial utility, rental income, and future flexibility make this a rare opportunity for owner-users, investors, contractors, automotive operators, or redevelopment-minded buyers.

Contact:

CENTURY 21 Advantage Real Estate

Date on Market:

2026-07-14

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More details for 7220 191st St, Tinley Park, IL - Retail for Sale

Arby's - 7220 191st St

Tinley Park, IL 60487

Automotive Property
Retail for Sale
$3,591,551 CAD
2,650 SF

Tinley Park Retail for Sale - South Route 45

No Landlord Responsibilities: Abs. NNN lease providing completely passive ownership. Immediate Interstate Access: The site benefits from its close proximity to the I-80 interchange (131,000 VPD), providing seamless regional connectivity and drawing in transient highway traffic in addition to the local commuter base. Power Center Outparcel: Arby’s is an outparcel to Brookside Marketplace, a 601,850 SF Target anchored power center featuring a diverse national tenant lineup, including Kohl’s, HomeGoods, Dick’s Sporting Goods, Ulta, Panera, Best Buy, Ross, and T.J. Maxx. New Neighboring Developments: Brookside Creek, a 72-acre mixed use project, recently broke ground and will be anchored by an AutoNation car dealership and a grocery store. There will be numerous pad sites, including a c-store, McDonalds, car wash, and others. Drive-Thru Equipped: The building features a dedicated drive-thru lane, which is the single most critical asset feature for modern QSRs to maximize transaction volume and operational efficiency.

Contact:

Stream Capital Partners

Property Subtype:

Fast Food

Date on Market:

2026-06-26

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More details for 10 Lafayette Ct, Bloomington, IL - Flex for Sale

Freestanding Flex Building For Sale - 10 Lafayette Ct

Bloomington, IL 61701

Automotive Property
Flex for Sale
$1,107,753 CAD
6,325 SF

Bloomington Flex for Sale

Turnkey for Automotive: Purpose-built for collision/auto service with an existing paint booth, open work area, and dock for deliveries. Functional Office Buildout: Main-level reception and private office for customer intake and admin; second-floor office plus restroom with shower that’s ideal for management or crew. Flexible Layout: Two large overhead doors and clear-span shop allow easy equipment and vehicle flow. Adaptable for light manufacturing, service, contractor shop, or distribution. Quality Construction: Durable brick exterior with a professional presence. Auto-Cluster Location: Situated within a business park that includes multiple auto-related users—ideal for parts suppliers, detailers, glass, body, and mechanical. Paint booth can be removed prior to sale if preferred.? Radiant tube heating in warehouse Central A/C in office 220 outlets Spray Master 2000 Paint Booth, complete with ventilation system Oil separator and floor drains 30 gallon water heater

Contact:

AXIS 360 Commercial Real Estate Specialists

Date on Market:

2026-06-17

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W North Ave

Melrose Park, IL 60160

Automotive Property
Land for Sale
$5,570,413 CAD
4.60 AC Lot

Melrose Park Land for Sale - Melrose Park Area

8311 W North Avenue is a ±4.6-acre commercial development site in Melrose Park, one of Chicago's most established western suburbs. The property offers exceptional frontage and visibility along North Avenue (±46,800 vehicles per day) and sits just east of N 1st Avenue (±20,800 vehicles per day), with immediate access to Interstates 290 and 294 and quick connectivity to Downtown Chicago and O'Hare International Airport. Two existing curb cuts and in-place infrastructure make this a rare, ready-to-develop infill opportunity within one of the area's strongest retail corridors.

Contact:

CBRE

Property Subtype:

Commercial

Date on Market:

2026-06-16

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More details for 301 N 5th St, Springfield, IL - Land for Sale

Gateway Development Opportunity - 301 N 5th St

Springfield, IL 62701

Automotive Property
Land for Sale
$415,607 CAD
1.10 AC Lot

Springfield Land for Sale - Downtown Springfield

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. 5th 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. The site is strategically positioned to benefit from several transformative public and private initiatives underway in Downtown Springfield and the Mid-Illinois Medical District. The recently adopted Downtown Springfield & Mid-Illinois Medical District Master Plan prioritizes additional housing, mixed-use redevelopment, higher-density development, enhanced walkability, and expanded public spaces throughout the district. In addition, the proposed expansion of the Mid-Illinois Medical District would further strengthen the area’s role as a regional hub for healthcare, education, research, and workforce development. Long-term growth prospects are further supported by the ongoing Springfield Rail Improvements Project, expected to be completed by 2027, which will improve connectivity and unlock redevelopment opportunities throughout the downtown area. Complementary initiatives including the planned Third Street Greenway (The LINC) and the new Springfield Mass Transit District Transportation Hub are expected to enhance accessibility, placemaking, and investment activity for years to come.

Contact:

Coldwell Banker Commercial Devonshire Realty

Property Subtype:

Commercial

Date on Market:

2026-06-15

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