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41 E University Avenue Champaign, IL 61820

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For Sale
$3,850,000

Historic building with retail, residential, and office space.

Type:Mixed Use
Property size:
22,052 SF
Price / SF:
$174/SF
Added:
Dec 11, 2024
Days on Market:
496
Last Refresh:
Apr 1 at 8:30 pm

Property Features for 41 E University Avenue

General Information

Standard status
Active
Size
22,052 SF
Property subtype
Mixed Use

Building Details

Year Built
1913

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Listing Contact
Debby Auble

Listing agent Debby Auble

Listing office WARD & ASSOCIATES

Listing date Dec 11, 2024

Source Xome

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 WARD & ASSOCIATES


Overview

Historic Mixed-Use Building in Champaign

The historic Illinois Traction Building, located in downtown Champaign, offers high visibility and traffic. Constructed in 1913 and designed by architect Joseph Royer in the Contemporary Commercial Style, the building features large windows providing natural light and city views. Originally housing railway offices and serving as the Champaign interurban station until 1936, it later housed the offices of the Illinois Power Company. The building was added to the National Register of Historic Places in 2006. This stand-alone building offers a blend of retail, residential, and office space, along with off-street parking. The west side features an outdoor paved space currently used for parking, but it could be transformed into an outdoor patio or dining area with access to the first floor. The Illinois Terminal hub, across Market Street to the east, serves as a major transfer point for local mass transit, inter-city bus service, and Amtrak passenger service. The location also provides access to the University of Illinois with over 55,000 students. Downtown Champaign features restaurants, microbreweries, pubs, and a cultural and arts scene. The area includes mixed-use properties and multi-family developments, creating a residential population that combines with daytime employment, establishing a customer and client base for businesses. The property size is 22052 square feet.
Location Intelligence

Current Use by Public Records

Whole Body Health ... Alternative Medicine Practice TLT Properties Property Management Company Lynda Alper Counselor Blue Frog Restorations Construction Company Champaign Van Rental Car Rental Facility

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Champaign
County
Champaign
State
Illinois
Longitude
-88.24219
Latitude
40.116035

FAQs

What type of property is this?
Mixed-use property - Historic building with retail, residential, and office space.
Where is this mixed-use property located?
The property is located at 41 E University Avenue Champaign, IL.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: High‑visibility location in the heart of Downtown Champaign with high traffic count.; Rare stand‑alone building offering a perfect blend of retail, residential, and office space.; Off‑street parking with potential for outdoor patio/dining space conversion.
More about this property
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