GREEK / STUDENT HOUSING OPPORTUNITY

205 E Armory Ave, Champaign, IL 61820

  • For Sale $4,600,000
  • Property Type Multi-Family
  • Property Size 20,832 SF
  • Lot Size 0.59 Acre
  • Parking Spaces Avail. 22
  • Year Built 2009
  • Date Updated Apr 28, 2024
  • Website www.cbcworldwide.com
Coldwell Banker Commercial Devonshire Realty (CBCDR) is proud to exclusively offer the opportunity to acquire 205 E Armory Avenue on the University of Illinois at Urbana-Champaign campus (the “Property”). This purpose-built fraternity house, constructed in 2009, occupies a strategic location at the corner of Armory Avenue and Arbor Street, directly opposite Washington “Frat” Park. Boasting a total area of +/- 20,832 square feet on +/- 0.59 acres, this three-story house with a basement encompasses 13 residential units featuring 46 bedrooms and has capacity for 84 occupants. The Property is equipped with a fully functional commercial-grade kitchen, a dining hall, a chapter room, numerous common areas, and an expansive wrap-around porch. The high-quality construction and finishes of the Property are evident in the entryway and lounge, which showcases wainscoting and coffered ceilings complemented by wood floors and a fireplace. The building is fully equipped with heating, cooling and sprinkler systems, and includes an elevator providing access to all floors. Furthermore, the Property benefits from its designation within a Qualified Opportunity Zone (QOZ), established under the 2017 Tax Cuts and Jobs Act to stimulate economic investment by providing preferential tax treatment for capital gains.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Attachments

Contacts

broker

Joshua Markiewicz

Coldwell Banker Commercial Devonshire Realty

(217) 352-7712

Location

Getting Around

  • Walk Score ®

    79/100 Very Walkable

  • Transit Score ®

    59/100 Good Transit

  • Bike Score ®

    96/100 Biker's Paradise
Powered by Walk Score ®
  • City Champaign, IL
  • Neighborhood In Town
  • Zip Code 61820

Points of Interest

  • Champaign-Urbana

    0.78 miles

  • Circle K

    0.35 miles

  • Circle K

    0.86 miles

  • ChargePoint

    0.99 miles

  • Circle K

    1.02 miles

  • Haymakers Gas Station

    1.18 miles

  • Marathon

    1.72 miles

  • Circle K

    1.76 miles

  • Schnucks Express

    1.81 miles

  • Circle K

    1.83 miles

  • Mobil

    1.95 miles

  • Parkette 154

    0.16 miles

  • Weston Parking lot

    0.20 miles

  • Parkette 151

    0.24 miles

  • E12

    0.27 miles

  • C9

    0.31 miles

  • E18

    0.32 miles

  • C10

    0.36 miles

  • E3

    0.38 miles

  • E19

    0.39 miles

  • C7

    0.42 miles

  • TownePlace Suites

    0.50 miles

  • Holiday Inn

    0.76 miles

  • iHotel & Conference Center

    0.79 miles

  • Hyatt Place

    0.97 miles

  • Home2 Suites by Hilton Champaign/Urbana

    1.04 miles

  • Hampton

    1.05 miles

  • America's Best Inn

    1.50 miles

  • Lincoln Lodge Motel

    1.55 miles

  • Lincoln Lodge

    1.56 miles

  • Urbana Landmark Hotel

    1.59 miles

  • Ikenberry Dining Hall

    0.12 miles

  • WinginOut

    0.35 miles

  • Chop Stix

    0.36 miles

  • Shiquan Wonton

    0.37 miles

  • Papa John's

    0.37 miles

  • Naya

    0.37 miles

  • Domino's

    0.38 miles

  • Maize Mexican Grill

    0.38 miles

  • Jimmy John's

    0.39 miles

  • Four Breakfast & More

    0.39 miles

  • University of Illinois at Urbana-Champaign

    0.29 miles

  • Edison Middle School

    0.70 miles

  • ROE READY Program

    0.77 miles

  • Marquette School

    0.78 miles

  • University of Illinois Laboratory High School

    0.85 miles

  • Holy Cross Church

    0.93 miles

  • Willard School

    0.94 miles

  • Holy Cross School

    0.95 miles

  • McKinley Fields

    0.97 miles

  • Southside Elementary School

    0.98 miles

  • Don Moyer Boys & Girls Club

    0.83 miles

  • Cooperative Nursery School

    1.24 miles

  • The Caring Place

    1.27 miles

  • FIRST Kids

    1.64 miles

  • Next Generation Early Education

    2.14 miles

  • Next Generation Preschool

    2.17 miles

  • La Petite Academy

    2.19 miles

  • Little Hearts and Hands, Inc.

    3.02 miles

  • First School

    9.66 miles

Frequently Asked Questions

What is the lease rate for GREEK / STUDENT HOUSING OPPORTUNITY?

Rental asking rate at GREEK / STUDENT HOUSING OPPORTUNITY is $2,300,000.00/YR.

What is the total square footage of GREEK / STUDENT HOUSING OPPORTUNITY?

GREEK / STUDENT HOUSING OPPORTUNITY totals 20,832 square feet.

When was this property built?

GREEK / STUDENT HOUSING OPPORTUNITY was built in 2009.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker

broker

Joshua Markiewicz

Coldwell Banker Commercial Devonshire Realty

(217) 352-7712