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234 S Neil St, Unit Champaign Champaign, IL 61820

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For Sale
$5,950,000

3.307 acres of development land in Champaign, Illinois.

Property size:
3 SF

Property Features for 234 S Neil St

General Information

Size
3 SF
Source: Cbcworldwide

Listing Agent: Josh Markiewicz, Ccim

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Prime Development Land in Champaign

An opportunity exists to acquire approximately 3.307 acres of development land in Champaign, Illinois. The property is located at the convergence of Downtown, Midtown, and Campustown. It consists of 10 parcels totaling approximately 144,053 square feet. There are 8 vacant buildings across the parcels that were built between 1915 and 1980. The site is mixed-zoned CB1 – Central Business Urban Fringe and CB2 – Central Business Downtown. CB1 zoning allows for a maximum building height of 85 feet and CB2 allows for 115 feet, while neither zoning classification has any setback, open space reserve (OSR) or floor to area ratio (FAR) requirements. It may be possible for a buyer to assemble additional parcels to create an even larger development site.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial land

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
-88.2429253
Latitude
40.1141734

FAQs

What type of property is this?
Commercial land - 3.307 acres of development land in Champaign, Illinois.
Where is this commercial land located?
The property is located at 234 S Neil St, Unit Champaign Champaign, IL.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: - Prime development land: 3.307 acres in Champaign, Illinois.; - Located at the convergence of Downtown, Midtown, and Campustown.; - Flexible zoning (CB1 and CB2) with potential for high-rise development (85' and 115' height limits).
More about this property
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