Prime Land Near University
113 E University Avenue, Champaign, IL 61820
2.25 acres of land near the University of Illinois campus.
Type:Retail, Land
Lot size:
2.25 Acres- Added:
- May 13, 2023
- Days on Market:
- 1097
- Last Refresh:
- Mar 16 at 10:24 am
Property Features for 113 E University Avenue
General Information
- Standard status
- Active
- Lot size
- 2.25 Acres
- Property subtype
- Retail, Land
Spaces For Lease
at 113 E University Avenue Contact usListing agent Michael E Petrik License #IL
Listing office Lee & Associates - Chicago
Listing date May 13, 2023
Source Crexi
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
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.
- Potential to target the underserved graduate student and young professional demographic.
- Opportunity to capitalize on the strong studio apartment market in the Midtown submarket.
- Close proximity to the University of Illinois Urbana‑Champaign, with over 56,000 students.
Overview
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.
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Champaign
- County
- Champaign
- State
- Illinois
- Longitude
- -88.238531
- Latitude
- 40.116273
Nearby Similar for Lease
FAQs
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.
