Prime Land Near University
For Lease
Contact for pricing
113 E University Avenue, Champaign, IL 61820
2.25 acres of land near the University of Illinois campus.
Space SizeContact for details
Property Size1 SF
Lot Size2.25 Acres
Days on Market1188
Property Features for 113 E University Avenue
General Information
Standard status
Active
Size
1 SF
Lot size
2.25 Acres
Property subtype
Retail, Land
Building Details
Building Size
1 SF
Tenancy
Multiple
Spaces For Lease
at 113 E University Avenue Contact us- Type
- Land, Retail
- Lease Type
- NNN
- Availability
- Active
Parcel B
- Type
- Land, Retail
- Availability
- Active
Available Space
- Type
- Land, Retail
- Availability
- Active
Parcel A
Listing Agency:
Lee & Associates - Chicago
(773) 355-3048
Listed By:
Michael E Petrik · License #475.197246
Source:
Crexi
Added: May 13, 2023
Changed: Aug 8
Last Checked: Aug 11 at 7:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates - Chicago
Investment Insights
Based on property information with market context.
This is an opportunity to acquire up to 2.25 acres situated at the corner of the University of Illinois Urbana-Champaign’s campus district. The property comprises multiple adjoining lots across an entire square block, positioned between the UIUC campus and downtown Champaign. Located at the corner of University Avenue and First Street, the property is adjacent to Boneyard Creek, featuring walking trails. The University of Illinois Urbana-Champaign, established in 1867, is a flagship institution with over 56,000 students. The property's location between campus and downtown provides convenient access to both. This location is suited to target graduate students and young professionals seeking to avoid long commutes to campus, while remaining close to the downtown and entertainment district. Boneyard Creek enhances the site's appeal, offering views and green space, with walking trails reducing the walk to campus to under 10 minutes. The property's size allows for economies of scale, potentially accommodating a higher bed/unit mix with amenities that graduate students and post-grads may value. Situated in the Midtown submarket, which has a strong studio apartment market, developers could target the high-end studio apartment market, catering to Champaign's growing young professional tech and start-up entrepreneur market.
Key Highlights
- Up to 2.25 acres of prime development land in a highly desirable location.
- Located between the University of Illinois Urbana‑Champaign campus and downtown Champaign.
- Proximity to Boneyard Creek with walking trails and scenic views.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
2,955
Businesses Nearby
Explore this area
Business Placement
Demographics for 61820, IL
40,822
Population
18,672
Households
2.2
Avg Household Size
25
Median Age
55%
College-Educated
93%
High-School Grad
5.9 sq mi
ZIP Area
6,919
Density / Sq Mi
$31,031
Median Household Income
$14,828
Median Earnings
$1,077
Median Rent
$175,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 2.25 acres of land near the University of Illinois campus.
Where is this commercial land located?
The property is located at 113 E University Avenue Champaign, IL.
What are key features of this property?
This property features: Up to 2.25 acres of prime development land in a highly desirable location.; Located between the University of Illinois Urbana‑Champaign campus and downtown Champaign.; Proximity to Boneyard Creek with walking trails and scenic views.
