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41 E University Ave Champaign, IL 61820

Sponsored
For Sale
$3,850,000

COMMERCIAL - Champaign, IL

Lot size:
0.29 Acres
Days on Market:
26
Last Refresh:
Mar 4 at 9:06 pm

Property Features for 41 E University Ave

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Zoning
COMMR
APN
422012479002
Lot size
0.29 Acres

Utilities

Utilities
Natural Gas Available
Cooling system
Central Air

Building Details

Year built
1913
Floors in Building
3
Number of units
12
Flooring type
Wood, Concrete, Vinyl, Varies, Carpet, Tile
Building materials
Brick, Concrete, Steel Siding, Stone, Glass
Roof type
Membrane, Rubber

We can help!

Listing Contact
Debby Auble

Ward & Associates, Realtors, Inc. (217) 355-1000

Listing agent Debby Auble (217) 355-1000

Listing date Feb 7, 2026

MLS# 12212107

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Learn more

Property Insight Report

Overview

Historic Downtown Champaign Mixed-Use Building

The historic Illinois Traction Building, constructed in 1913 in the Contemporary Commercial Style by architect Joseph Royer, is located in the heart of Downtown Champaign. The building features large windows on all sides, providing natural light and city views. Originally housing railway offices and serving as the Champaign interurban station until 1936, it later housed the offices of the Illinois Power Company. The building was added to the National Register of Historic Places in 2006. The property offers a blend of retail, residential, and office space, along with off-street parking. The west side of the property includes an outdoor paved space currently used for off-street parking, which could be transformed into an outdoor patio or dining area with access to the first floor. The location benefits from high traffic on University Avenue. Across Market Street to the east is the Illinois Terminal hub, a consolidated terminal hosting a major transfer point for local mass transit service, inter-city bus service, and Amtrak passenger service. The location also provides easy access to the University of Illinois. Downtown Champaign features restaurants, microbreweries, pubs, and a cultural and arts scene. The area includes mixed-use properties and multi-family developments, creating a residential population and a daytime employment base.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Whole Body Health ... Alternative Medicine Practice TLT Properties Property Management Company Lynda Alper Counselor Blue Frog Restorations Construction Company Champaign Van Rental Car Rental Facility

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Champaign
County
Champaign
State
Illinois
Longitude
-88.24219
Latitude
40.116035

FAQs

What type of property is this?
Mixed-use property - Landmark building with retail, residential, and office space.
Where is this mixed-use property located?
The property is located at 41 E University Ave Champaign, IL.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: - High-visibility location in the heart of Downtown Champaign with high traffic count.; - Versatile mixed-use property suitable for retail, residential, and office space.; - Includes off-street parking with potential for outdoor patio/dining space.
More about this property
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