For Lease
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
The Largest CRE Database in the US with Over 1 Million Listings

113 E University Ave Champaign, IL 61820

View on Map
Loading data...
Loading data...
Loading data...
For Lease
Contact for pricing

2.25 acres of land near the University of Illinois campus.

Property Features for 113 E University Ave

General Information

Standard status
Active

We can help!

Listing Contact
Michael E Petrik
Source: Crexi

Listing Agency: Lee & Associates - Chicago Listing Agent: Michael E Petrik

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

Learn more


Overview

Prime Land Near University Campus

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

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

Location Insight

  • Map
  • Local Demand
City
Champaign
County
Champaign
State
Illinois
Longitude
-88.238531
Latitude
40.116273

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 Ave 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.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message