1913 Historic Mixed-Use
For Sale
$3,850,000
41 E University Avenue, Champaign, IL 61820
COMMERCIAL - Champaign, IL
Lot Size0.29 Acres
Days on Market597
Property Features for 41 E University Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMR
Directions
University Ave, SE corner of University and Market St.
Subdivision
Champaign, Savoy
Standard status
Active
APN
422012479002
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 12 BLOCK 10 RAILROAD ADD
Tax Annual Amount
35143
Legal Description
LOT 12 BLOCK 10 RAILROAD ADD
Utilities
Utilities
Natural Gas Available
Cooling system
Central Air
Building Details
Year built
1913
Floors in Building
3
Number of units
12
Flooring type
Wood, Tile, Carpet, Concrete, Vinyl, Varies
Building materials
Brick, Concrete, Steel Siding, Stone, Glass
Roof type
Membrane, Rubber
Listing Agency:
WARD & ASSOCIATES
(217) 355-1000
Listed By:
Debby Auble · License #471013006
(217) 355-1000
Added: Dec 12, 2024
Changed: Jul 30
Last Checked: Aug 1 at 6:06AM
MLS# 12212107
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This historic mixed-use building was built in 1913 and designed by architect Joseph Royer in the Contemporary Commercial Style. The structure features large windows on all sides, providing natural light and city views. Originally, it served as the railway’s offices and the Champaign interurban station until 1936, later housing the offices of the Illinois Power Company. The property was added to the National Register of Historic Places in 2006.
Zoned COMMR, the building combines retail, residential, and office space with off-street parking. On the west side, an outdoor paved area is currently used for off-street parking and has in-place access to the 1st floor; this space could be adapted into an outdoor patio and/or dining area. The building is situated along University Avenue, across from the Illinois Terminal hub, a consolidated terminal for local mass transit, inter-city bus service, and Amtrak passenger service. The property also provides access to the University of Illinois.
Zoned COMMR, the building combines retail, residential, and office space with off-street parking. On the west side, an outdoor paved area is currently used for off-street parking and has in-place access to the 1st floor; this space could be adapted into an outdoor patio and/or dining area. The building is situated along University Avenue, across from the Illinois Terminal hub, a consolidated terminal for local mass transit, inter-city bus service, and Amtrak passenger service. The property also provides access to the University of Illinois.
Key Highlights
- Historic 1913 Illinois Traction Building designed by architect Joseph Royer in Contemporary Commercial Style
- Added to the National Register of Historic Places (2006) with large windows on all sides for natural light and city views
- Building materials include brick, concrete, stone, glass, and steel siding
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,846
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Built in 1913 with large windows and includes off-street parking plus ground-floor retail alongside office and residential 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: Historic 1913 Illinois Traction Building designed by architect Joseph Royer in Contemporary Commercial Style; Added to the National Register of Historic Places (2006) with large windows on all sides for natural light and city views; Building materials include brick, concrete, stone, glass, and steel siding
