41 E University Avenue, Champaign, IL 61820

This historic mixed-use building was built in 1913 and features large windows on all sides intended to bring in natural light. The property was originally built as part of the Illinois traction-era operations and later served as offices for the Illinois Power Company. The building was listed on the National Register of Historic Places in 2006, and it includes off-street parking with outdoor paved space on the west side. That west-side area has in-place access to the first floor, which may support outdoor patio and dining use depending on tenant/operator plans.

The property is located in downtown Champaign on E. University Avenue and is positioned across Market Street from the Illinois Terminal hub, which consolidates local mass transit, inter-city bus service, and Amtrak passenger service. The building’s setting also places it within reach of the University of Illinois, with the data indicating a student population of over 55,000.

For tenants and buyers seeking a downtown asset that combines retail, office, and residential uses within a single historic structure, this property offers a flexible mix. On-site off-street parking and the potential to activate the west-side paved area as outdoor dining can support street-facing customer experience for compatible uses, while the existing building configuration allows for multiple operational roles under one roof. The COMMR zoning designation is provided for buyers and brokers to verify permitted uses and any planned changes.