CB2 Development Land with High
For Sale
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214 S Walnut St, Champaign, IL 61820
Two-parcel development site zoned CB2, allowing up to 115’ height and no setback, OSR, or FAR requirements.
Property Size19,800 SF
Lot Size0.67 Acres
Price / SF$106.06
Days on Market701
Property Features for 214 S Walnut St
General Information
Standard status
Active
Size
19,800 SF
Lot size
0.67 Acres
Property subtype
INDUSTRIAL
Zoning
CB2
Listing Agency:
Coldwell Banker Commercial Devonshire Realty
(217) 352-7712
Listed By:
Josh Markiewicz
(217) 403-3424
Source:
Moodyscre
Added: Dec 2, 2024
Changed: Oct 26
Last Checked: Nov 1 at 6:17AM
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
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Investment Insights
Based on property information with market context.
This offering presents approximately 28,970 SF of development land across two parcels, with two vacant buildings currently located across the properties. The site is zoned CB2 – Central Business Downtown, with a maximum building height of 115’. The CB2 zoning listed for this property includes no setback requirements, no open space reserve (OSR) requirements, and no floor area ratio (FAR) requirements.
The property is situated in a dense area at the convergence of Downtown, Midtown, and Campustown. The combination of flexible CB2 standards and the option to assemble additional parcels is presented as a way to create an even larger development footprint.
Buyer should review the parcel-specific building information provided, as the vacant buildings are noted as having been built between 1945 and 1980, with building sizes detailed under Parcel Information.
The property is situated in a dense area at the convergence of Downtown, Midtown, and Campustown. The combination of flexible CB2 standards and the option to assemble additional parcels is presented as a way to create an even larger development footprint.
Buyer should review the parcel-specific building information provided, as the vacant buildings are noted as having been built between 1945 and 1980, with building sizes detailed under Parcel Information.
Key Highlights
- Two‑parcel development site totaling approx. 28,970 SF in Champaign, IL.
- Zoned CB2 – Central Business Downtown, with no setback, OSR, or FAR requirements.
- CB2 zoning allows a maximum building height of 115 ft.
Property Analytics
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Location Intelligence
Trade Area within ½ mile
2,624
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Commercial land - Two-parcel development site zoned CB2, allowing up to 115’ height and no setback, OSR, or FAR requirements.
Where is this commercial land located?
The property is located at 214 S Walnut St Champaign, IL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Two‑parcel development site totaling approx. 28,970 SF in Champaign, IL.; Zoned CB2 – Central Business Downtown, with no setback, OSR, or FAR requirements.; CB2 zoning allows a maximum building height of 115 ft.
