CB2 Development Land with High
214 S Walnut St Champaign, IL 61820
For Sale
Contact for pricing
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 Market599
Property Features for 214 S Walnut St
General Information
- Standard status
- Active
- Size
- 19,800 SF
- Lot size
- 0.67 Acres
- Property subtype
- INDUSTRIAL
Listing Agency:
Coldwell Banker Commercial Devonshire Realty
(217) 403-3424
Listed By:
Tim Harrington
(217) 369-0226
Source:
Moodyscre
Added: Dec 2, 2024
Changed: Jul 23
Last Checked: Jul 23 at 5:15PM
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.
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
Location Intelligence
Current Use by Public Records
Rogards
(Bike/Boat/Book/etc) Store
FAQs
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.
