Historic Downtown Champaign Mixed-Use
41 E University Avenue, Champaign, IL 61820
- Added:
- Dec 12, 2024
- Days on Market:
- 538
- Last Refresh:
- Jun 3 at 9:06 am
Property Features for 41 E University Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COMMR
- Standard status
- Active
- APN
- 422012479002
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- LOT 12 BLOCK 10 RAILROAD ADD
- Tax Annual Amount
- 35143
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, Varies, Tile, Vinyl, Carpet, Concrete
- Building materials
- Brick, Concrete, Steel Siding, Stone, Glass
- Roof type
- Membrane, Rubber
Listing agent Debby Auble License #471013006 (217) 355-1000
Listing office WARD & ASSOCIATES 8 Main Street, Champaign, IL (217) 355-1000
Listing date Dec 12, 2024
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.
HighLights
- 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.
- Historic building (Illinois Traction Building) on the National Register of Historic Places, built in 1913.
- Close proximity to the Illinois Terminal hub (mass transit, bus, Amtrak) and the University of Illinois (55,000+ students).
- Abundant natural light and city views from large windows on all sides.
Overview
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
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
Location Insight
- Map
- Local Demand
- City
- Champaign
- County
- Champaign
- State
- Illinois
- Longitude
- -88.24219
- Latitude
- 40.116035
Nearby Similar for Sale
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 Avenue 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.
