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41 University Ave Champaign, IL 61820

Sponsored
For Sale
$3,850,000

Historic building, high visibility, diverse spaces.

Property size:
17,609 SF

Description

Added:
Feb 3, 2025
Days on Market:
337
This exceptional 17,609-square-foot mixed-use property at 41 E. University Avenue in Champaign, Illinois, presents a rare investment opportunity. Built in 1913 and listed on the National Register of Historic Places in 2006, this landmark building boasts a prime downtown location with high visibility and significant foot traffic. Originally designed by architect Joseph Royer in the Contemporary Commercial style, the building features abundant natural light from large windows on all sides, offering stunning city views. Its rich history includes serving as the Champaign interurban station and later housing the Illinois Power Company. The property offers a unique blend of retail, residential, and office space, making it ideal for a variety of uses. Convenient off-street parking is currently available on the west side, but this paved area could be easily repurposed into an outdoor patio or dining space, capitalizing on the high traffic of University Avenue. The building's strategic location across Market Street from the Illinois Terminal hub—a major transit center for local, intercity, and Amtrak services—provides unparalleled accessibility. Its proximity to the University of Illinois, with its 55,000+ students, and the vibrant downtown area, with its diverse restaurants, breweries, pubs, and cultural attractions, ensures a strong customer base. The surrounding area features numerous mixed-use properties and multi-family developments, creating a substantial residential population that complements the strong daytime employment base. This is a truly unique opportunity to own a piece of Champaign's history and capitalize on its thriving downtown scene.

Property Features for 41 University Ave

General Information

Property type
Mixed-use properties
Square Feet
17,609 SF

Building Details

Year Built
1913

Property Profile Location Intelligence

Current Use by Public Records

Whole Body Health ... Naturopathic Practitioner TLT Properties Property Management Company Lynda Alper Counselor Blue Frog Restorations Building Restoration Service Champaign Van Rental Van Rental Agency

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

Location Insight

  • Map
  • Local Demand
City
Champaign
County
Champaign
State
Illinois
Longitude
-88.24215
Latitude
40.11603

FAQs

What type of property is this?
Mixed-use property - Historic building, high visibility, diverse spaces.
Where is this mixed-use property located?
The property is located at 41 University Ave Champaign, IL.
What is the asking price?
The asking price for this property is $3,850,000.
More about this property
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