Prime Development Land
234 S Neil St, Champaign, IL 61820
3.307 acres of prime development land in Champaign, Illinois.
Type:Land
Lot size:
3.31 Acres- Added:
- May 26, 2023
- Days on Market:
- 1105
- Last Refresh:
- May 12 at 10:01 pm
Property Features for 234 S Neil St
General Information
- Standard status
- Active
- Lot size
- 3.31 Acres
- Property subtype
- Land
Listing agent Josh Markiewicz License #IL
Listing office Coldwell Banker Commercial Devonshire Realty
Listing date May 26, 2023
Source Crexi
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
HighLights
- Prime 3.307‑acre development land in Champaign, Illinois, at the convergence of Downtown, Midtown, and Campustown.
- Flexible CB1 and CB2 zoning with building height allowances of 85' and 115'.
- Located between Downtown Champaign and the University of Illinois (56,000+ students, 15,000+ faculty/staff).
- Opportunity to assemble additional parcels for an even larger development site.
- Easily accessible location bordered by Illinois Terminal, Neil Street, and Springfield Avenue.
- Consists of 10 parcels totaling approximately 144,053 SF.
Overview
An opportunity exists to acquire approximately 3.307 acres of development land in Champaign, Illinois, situated at the convergence of Downtown, Midtown, and Campustown. The property consists of 10 parcels totaling approximately 144,053 square feet. The site is zoned CB1 – Central Business Urban Fringe and CB2 – Central Business Downtown. CB1 zoning allows for a maximum building height of 85 feet, and CB2 allows for 115 feet. Neither zoning classification has any setback, open space reserve (OSR), or floor to area ratio (FAR) requirements. There are 8 vacant buildings across the parcels that were built between 1915 and 1980. The property is located between Downtown Champaign and the University of Illinois, which has an enrollment of over 56,000 students, and 15,000+ faculty and staff. The site is easily accessed and bordered to the north by the Illinois Terminal, to the west by Neil Street and to the south by Springfield Avenue, both of which are major arterials through the market. It may be possible for a buyer to assemble additional parcels to create an even larger development site.
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Champaign
- County
- Champaign
- State
- Illinois
- Longitude
- -88.2429253
- Latitude
- 40.1141734
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - 3.307 acres of prime development land in Champaign, Illinois.
Where is this commercial land located?
The property is located at 234 S Neil St Champaign, IL.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: Prime 3.307‑acre development land in Champaign, Illinois, at the convergence of Downtown, Midtown, and Campustown.; Flexible CB1 and CB2 zoning with building height allowances of 85' and 115'.; Located between Downtown Champaign and the University of Illinois (56,000+ students, 15,000+ faculty/staff).
