INVESTMENT GRADE OPPORTUNITY

201 W University Ave, Champaign, IL 61820

  • For Sale $3,950,000
  • Property Type Office - General Office
  • Lot Size 1.31 Acre
  • Parking Spaces Avail. 65
  • Year Built 1974
  • Date Updated Apr 28, 2024
  • Website www.cbcworldwide.com
Coldwell Banker Commercial Devonshire Realty (CBCDR) is proud to exclusively offer the opportunity to acquire 201 W University Avenue in Champaign, IL. Chase Bank (S&P: A+) occupies approximately 48 percent of the property with a full-service bank branch with drive-thru, while the remaining portion of the building is occupied by Securitas AB (S&P: BBB-/A-3). JPMorgan Chase Bank, N.A. signed a brand new 20-year lease with four, ten-year option periods in 2007. The lease is signed by the corporate entity and is gross with Chase paying their proportionate share of increases in real estate taxes, operating expenses and utilities over the base year. Securitas AB signed a new 5-year lease in 2019 and their lease term expires in November 2024, but they’re open to an early termination, creating a perfect opportunity for an owner-occupant or investor. 201 W University Avenue was built in 1974 and fully remodeled over the years. Chase Bank occupies 14,554 SF and approximately 13,008 SF is occupied by Securitas AB, with an additional +/- 2,462 SF in common area.

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Highlights

  • The property is ideally located in downtown Champaign just northeast of the University of Illinois at Urbana-Champaign, which boasts over 56,000 students and more than 14,000 faculty and staff, south of Interstate 74, and just west of the Illinois Terminal. Additionally, the building is extremely well situated near major employers including Christie Clinic, Busey Bank, the City of Champaign and others, and is near dozens of restaurants and many eclectic shops in downtown Champaign.
  • Age: 41-50 Years Old
  • Lot Size: 1-2 Acres

Contacts

broker

Joshua Markiewicz

Coldwell Banker Commercial Devonshire Realty

(217) 352-7712

Location

Getting Around

  • Walk Score ®

    94/100 Walker's Paradise

  • Transit Score ®

    59/100 Good Transit

  • Bike Score ®

    88/100 Very Bikeable
Powered by Walk Score ®
  • City Champaign, IL
  • Neighborhood West Central Champaign
  • Zip Code 61820

Points of Interest

  • Champaign-Urbana

    0.24 miles

  • Circle K

    0.55 miles

  • Circle K

    0.86 miles

  • Circle K

    1.04 miles

  • ChargePoint

    1.12 miles

  • Shell

    1.17 miles

  • Mobil

    1.29 miles

  • Circle K

    1.29 miles

  • Phillips 66

    1.38 miles

  • Mobil

    1.43 miles

  • Circle K

    1.45 miles

  • Laura Apartments Parking

    0.25 miles

  • Whitehall Apartments Garage

    0.26 miles

  • Main and Market

    0.27 miles

  • North First Street Lot

    0.35 miles

  • Parkette 151

    0.67 miles

  • Parkette 154

    0.73 miles

  • Campus Center

    0.84 miles

  • Outpatient Dialysis Visitor Parking

    0.88 miles

  • C10

    0.92 miles

  • C7

    0.93 miles

  • Hyatt Place

    0.16 miles

  • TownePlace Suites

    0.86 miles

  • Hampton

    1.11 miles

  • Holiday Inn

    1.35 miles

  • Fairfield Inn & Suites by Marriott Champaign

    1.40 miles

  • Courtyard by Marriott Champaign

    1.44 miles

  • Americas Best Value Inn

    1.46 miles

  • Days Inn by Wyndham Champaign/Urbana

    1.48 miles

  • Country Inn & Suites

    1.56 miles

  • Drury Inn & Suites

    1.58 miles

  • Hamilton Walker's

    0.14 miles

  • Peking Garden

    0.14 miles

  • Watson's Shack and Rail

    0.15 miles

  • Pizzaria Antica

    0.15 miles

  • Nando Milano

    0.16 miles

  • The Himalayan Chimney

    0.17 miles

  • Sam's Cafe

    0.17 miles

  • Guido's

    0.17 miles

  • Farren's Pub & Eatery

    0.18 miles

  • Big Grove Tavern

    0.20 miles

  • Holy Cross Church

    0.22 miles

  • Holy Cross School

    0.23 miles

  • ROE READY Program

    0.24 miles

  • Central High School

    0.36 miles

  • Edison Middle School

    0.37 miles

  • Stratton Elementary School

    0.60 miles

  • Marquette School

    0.62 miles

  • Pavilion Foundation School

    0.64 miles

  • Southside Elementary School

    0.73 miles

  • Willard School

    0.75 miles

  • Don Moyer Boys & Girls Club

    0.48 miles

  • The Caring Place

    1.43 miles

  • Cooperative Nursery School

    1.66 miles

  • FIRST Kids

    2.08 miles

  • La Petite Academy

    2.21 miles

  • Next Generation Early Education

    2.51 miles

  • Next Generation Preschool

    2.59 miles

  • Little Hearts and Hands, Inc.

    3.81 miles

  • First School

    8.85 miles

Frequently Asked Questions

What is the lease rate for INVESTMENT GRADE OPPORTUNITY?

Rental asking rate at INVESTMENT GRADE OPPORTUNITY is $1,975,000.00/YR.

What is the total square footage of INVESTMENT GRADE OPPORTUNITY?

INVESTMENT GRADE OPPORTUNITY totals 30,024 square feet.

When was this property built?

INVESTMENT GRADE OPPORTUNITY was built in 1974.

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Contact Listing Broker

broker

Joshua Markiewicz

Coldwell Banker Commercial Devonshire Realty

(217) 352-7712