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1001 Francis Dr Champaign, IL 61821

Sponsored
For Sale
$6,500,000

102-Unit Complex near UIUC, High Occupancy

Property size:
60,330 SF

Description

Added:
Feb 3, 2025
Days on Market:
339
Garden Court, a 60,330 square foot multifamily property in Champaign, IL, presents a compelling investment opportunity. This well-maintained complex boasts 102 units, comprised of 66 spacious two-bedroom, 1.1-bathroom apartments and 36 one-bedroom, one-bathroom apartments, situated on a 3-acre lot. Its prime location, just four miles from the University of Illinois, ensures a consistent and stable tenant base, with approximately half of the residents being graduate students. This translates to a reliable rental income stream and a strong return on investment. The property features 145 dedicated parking spaces, addressing a key need for residents. Convenient access to Interstates 74 and 57 provides easy commuting for residents, while the proximity to numerous shopping centers and restaurants enhances the property's appeal and livability. The lush landscaping and tranquil setting offer a welcome contrast to the urban conveniences nearby. This combination of strategic location, diverse unit mix, ample parking, and a strong tenant base makes Garden Court a truly exceptional investment opportunity, offering a blend of suburban tranquility and urban accessibility. The asking price is $6,500,000.

Property Features for 1001 Francis Dr

General Information

Property type
Other commercial real estate
Square Feet
60,330 SF
Lot Size
130,680 SF

Building Details

Year Built
1970

Property Profile Location Intelligence

Current Use by Public Records

Garden Courts Apartments Apartment Building

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
Champaign
County
Champaign
State
Illinois
Longitude
-88.26156
Latitude
40.13075

FAQs

What type of property is this?
Commercial real estate - 102-Unit Complex near UIUC, High Occupancy
Where is this commercial real estate located?
The property is located at 1001 Francis Dr Champaign, IL.
What is the asking price?
The asking price for this property is $6,500,000.
More about this property
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