113 E University Ave Champaign, IL 61820

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.