Historic Mixed-Use
For Sale
Contact for pricing
112 W Hill Street, Champaign, IL 61820
Six fully leased apartments sit above flexible commercial space in a landmark downtown building.
Property Size18,576 SF
Days on Market565
Property Features for 112 W Hill Street
General Information
Standard status
Active
Size
18,576 SF
Property subtype
Commercial
Zoning
COMMR
Taxes and HOA fees
Annual Taxes
$32,115
Building Details
Building Size
18,576 SF
Year Built
1897
Stories
4
Units
7
Listing Agency:
Coldwell Banker R.E. Group
(217) 351-1988
Listed By:
Jeremy Brandow · License #475142156
(217) 351-1988
Source:
Perillorealestategroup
Added: Jan 21, 2025
Changed: Aug 3
Last Checked: Aug 8 at 12:42PM
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 Coldwell Banker R.E. Group
Investment Insights
Based on property information with market context.
Built in 1897, this Richardsonian mixed-use property at 112 W Hill Street combines six luxury two-bedroom apartments with commercial space on the first and second floors. The apartments range from 980 to 1,400 square feet, are 100% leased, and include in-unit washers and dryers, cherry cabinetry, and upgraded finishes. Unit 302 has a multi-level layout with a spiral staircase. The commercial area can operate as one large space or be divided into multiple suites, with a three-story loft extending from the first floor to the top of the third floor. The owner’s business currently occupies the commercial portion.
Building improvements include zoned HVAC, 800 Amp electrical service, new plumbing, a new roof, thermopane windows, restored architectural details, and two elevators, including a recently added freight elevator. A sprinkler system serves the entire property, while a 2-hour fire-rated separation divides the commercial and residential areas. The building is a designated Historic Landmark and stands across from the Hill Street Parking Deck, near downtown restaurants and nightlife.
Building improvements include zoned HVAC, 800 Amp electrical service, new plumbing, a new roof, thermopane windows, restored architectural details, and two elevators, including a recently added freight elevator. A sprinkler system serves the entire property, while a 2-hour fire-rated separation divides the commercial and residential areas. The building is a designated Historic Landmark and stands across from the Hill Street Parking Deck, near downtown restaurants and nightlife.
Key Highlights
- Six 2‑bedroom apartments ranging from 980 to 1,400 sqft, all 100% leased
- Commercial space spans the first and second floors and can be divided into multiple suites
- Three story tall back loft reaches from the first floor to the top of the 3rd floor
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,327
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
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Six fully leased apartments sit above flexible commercial space in a landmark downtown building.
Where is this mixed-use property located?
The property is located at 112 W Hill Street Champaign, IL.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: Six 2‑bedroom apartments ranging from 980 to 1,400 sqft, all 100% leased; Commercial space spans the first and second floors and can be divided into multiple suites; Three story tall back loft reaches from the first floor to the top of the 3rd floor
