For Sale $5,950,000
Property Type VacantLand
Lot Size 3.31 Acre
Date Updated Apr 25, 2024
Website www.cbcworldwide.com

Coldwell Banker Commercial Devonshire Realty (CBCDR) is proud to exclusively offer for sale an incredible opportunity to acquire approximately 3.307 acres of prime development land located in Champaign, Illinois at the convergence of Downtown, Midtown and Campustown. This is truly a unique opportunity to acquire a large development site in a dense location with flexible zoning, and it may be possible for a buyer to assemble additional parcels to create an even larger development site. The property consists of 10 parcels totaling approximately 144,053 SF (3.307 acres) and the site is mixed-zoned CB1 – Central Business Urban Fringe and CB2 – Central Business Downtown. CB1 zoning allows for a maximum building height of 85’ and CB2 allows for 115’, while neither zoning classification has any setback, open space reserve (OSR) or floor to area ratio (FAR) requirements. There are 8 vacant buildings across the parcels that were built between 1915 and 1980 – building sizes are listed on page 4 under Parcel Information.

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Highlights

The property is extremely well situated between Downtown Champaign and the University of Illinois, which boasts an enrollment of over 56,000 students, and 15,000+ faculty and staff. The site is easily accessed and bordered to the north by the Illinois Terminal, to the west by Neil Street and to the south by Springfield Avenue both of which are major arterials through the market.

Contacts

Joshua Markiewicz

Coldwell Banker Commercial Devonshire Realty

(217) 352-7712

Location

Getting Around

Walk Score ®
96/100 Walker's Paradise
Transit Score ®
56/100 Good Transit
Bike Score ®
90/100 Biker's Paradise

Map
Street

City Champaign, IL
Neighborhood Downtown Champaign
Zip Code 61820

Points of Interest

Champaign-Urbana

0.15 miles

Circle K

0.37 miles
Circle K

0.74 miles
ChargePoint

0.99 miles
Circle K

1.16 miles
Circle K

1.29 miles
Shell

1.35 miles
Mobil

1.47 miles
Circle K

1.47 miles
Circle K

1.51 miles
Mobil

1.55 miles

Main and Market

0.27 miles
North First Street Lot

0.31 miles
Laura Apartments Parking

0.32 miles
Whitehall Apartments Garage

0.35 miles
Parkette 151

0.48 miles
Parkette 154

0.55 miles
Campus Center

0.67 miles
C10

0.74 miles
C7

0.75 miles
Outpatient Dialysis Visitor Parking

0.77 miles

Hyatt Place

0.27 miles
TownePlace Suites

0.69 miles
Hampton

0.99 miles
Holiday Inn

1.23 miles
iHotel & Conference Center

1.45 miles
Home2 Suites by Hilton Champaign/Urbana

1.53 miles
Fairfield Inn & Suites by Marriott Champaign

1.56 miles
Courtyard by Marriott Champaign

1.59 miles
America's Best Inn

1.63 miles
Americas Best Value Inn

1.64 miles

Subway

0.16 miles
Pizzaria Antica

0.18 miles
Sam's Cafe

0.19 miles
Farren's Pub & Eatery

0.20 miles
Maize

0.21 miles
Golden Harbor

0.21 miles
99 Szechuan China

0.23 miles
Nando Milano

0.23 miles
Hamilton Walker's

0.23 miles
Manzella's

0.25 miles

ROE READY Program

0.14 miles
Holy Cross Church

0.33 miles
Edison Middle School

0.33 miles
Holy Cross School

0.35 miles
Marquette School

0.50 miles
Central High School

0.54 miles
Willard School

0.66 miles
Stratton Elementary School

0.73 miles
Southside Elementary School

0.75 miles
University of Illinois at Urbana-Champaign

0.79 miles

Don Moyer Boys & Girls Club

0.39 miles
The Caring Place

1.31 miles
Cooperative Nursery School

1.51 miles
FIRST Kids

1.93 miles
La Petite Academy

2.23 miles
Next Generation Early Education

2.45 miles
Next Generation Preschool

2.53 miles
Little Hearts and Hands, Inc.

3.63 miles
First School

9.03 miles

Frequently Asked Questions

What is the lease rate for Prime Development Land For Sale?

Rental asking rate at Prime Development Land For Sale is $2,975,000.00/YR.

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