Development Land Zoned for
For Sale
Contact for pricing
302 S Market St, Champaign, IL 61820
Four parcels totaling about 89,348 SF are zoned CB1, with a maximum building height of 85 feet.
Property SizeContact for details
Lot Size2.05 Acres
Days on Market360
Property Features for 302 S Market St
General Information
Standard status
Active
Lot size
2.05 Acres
Property subtype
LAND
Zoning
CB1
Listing Agency:
Coldwell Banker Commercial Devonshire Realty
(217) 403-3424
Listed By:
Tim Harrington
(217) 369-0226
Source:
Moodyscre
Added: Aug 26, 2025
Changed: Aug 14
Last Checked: Aug 14 at 8:11AM
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 89,348 SF of development land across four parcels. The site is zoned CB1 – Central Business Urban Fringe, which allows for a maximum building height of 85 feet and does not include setback, OSR, or FAR requirements, providing flexibility for redevelopment planning.
The property is located at the convergence of Downtown, Midtown, and Campustown in Champaign, Illinois, at 302 S Market St.
Given the multi-parcel configuration, the site can support development while also allowing for the possibility of assembling additional parcels to create a larger development footprint, subject to buyer due diligence and applicable approvals.
The property is located at the convergence of Downtown, Midtown, and Campustown in Champaign, Illinois, at 302 S Market St.
Given the multi-parcel configuration, the site can support development while also allowing for the possibility of assembling additional parcels to create a larger development footprint, subject to buyer due diligence and applicable approvals.
Key Highlights
- Approximately 89,348 SF development site made up of 4 parcels in Champaign, IL
- Zoned CB1 – Central Business Urban Fringe, allowing a maximum building height of 85 feet
- CB1 zoning includes no setback, OSR, or FAR requirements per provided information
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,024
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Four parcels totaling about 89,348 SF are zoned CB1, with a maximum building height of 85 feet.
Where is this commercial land located?
The property is located at 302 S Market St Champaign, IL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Approximately 89,348 SF development site made up of 4 parcels in Champaign, IL; Zoned CB1 – Central Business Urban Fringe, allowing a maximum building height of 85 feet; CB1 zoning includes no setback, OSR, or FAR requirements per provided information
