Multi-Tenant Office
For Sale
Contact for pricing
201 W University Ave, Champaign, IL 61820
Remodeled office property with a full-service bank branch, drive-thru, and separate corporate office occupancy.
Property SizeContact for details
Days on Market144
Property Features for 201 W University Ave
General Information
Standard status
Active
Property subtype
Office
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Building Details
Year Built
1974
Buildings
1
Tenancy
Multi
Listing Agency:
Coldwell Banker Commercial Devonshire Realty
(217) 403-3424
Listed By:
Josh Markiewicz · License #IL
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 29 at 11:24PM
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 Commercial Devonshire Realty
Investment Insights
Based on property information with market context.
Built in 1974 and remodeled over time, this multi-tenant office property combines a full-service Chase Bank branch with drive-thru facilities and corporate office space occupied by Securitas AB. Chase uses 14,554 SF, while Securitas occupies approximately 13,008 SF; the property also includes approximately 2,462 SF of common area.
The building is positioned in downtown Champaign, northeast of the University of Illinois at Urbana-Champaign, south of Interstate 74, and west of the Illinois Terminal. Nearby employment and activity centers include Christie Clinic, Busey Bank, the City of Champaign, downtown restaurants, and eclectic shops.
Chase is subject to a 20-year lease signed in 2007 with four 10-year options, while Securitas entered a five-year lease in 2019 with an expiration in November 2024. Securitas is open to an early termination, providing flexibility for future occupancy planning.
The building is positioned in downtown Champaign, northeast of the University of Illinois at Urbana-Champaign, south of Interstate 74, and west of the Illinois Terminal. Nearby employment and activity centers include Christie Clinic, Busey Bank, the City of Champaign, downtown restaurants, and eclectic shops.
Chase is subject to a 20-year lease signed in 2007 with four 10-year options, while Securitas entered a five-year lease in 2019 with an expiration in November 2024. Securitas is open to an early termination, providing flexibility for future occupancy planning.
Key Highlights
- Chase Bank occupies 14,554 SF with a full‑service branch and drive‑thru
- Securitas AB occupies approximately 13,008 SF of office space
- Approximately 2,462 SF of common area
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,509
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?
Office building - Remodeled office property with a full-service bank branch, drive-thru, and separate corporate office occupancy.
Where is this office building located?
The property is located at 201 W University Ave Champaign, IL.
What are key features of this property?
This property features: Chase Bank occupies 14,554 SF with a full‑service branch and drive‑thru; Securitas AB occupies approximately 13,008 SF of office space; Approximately 2,462 SF of common area
