Historic Mixed-Use
For Sale
$3,850,000
41 E University Avenue, Champaign, IL 61820
Commercial Sale, Champaign, IL
Property SizeContact for details
Lot Size0.29 Acres
Days on Market688
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
Additional Details
Mixed-Use Components
retail, residential, office
Property Use
Office
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
Sewer type
Public Sewer
Cooling system
Central Air
Building Details
Year built
1913
Floors in Building
3
Number of units
12
Flooring type
Vinyl, Tile, Wood, Carpet, Concrete, Varies
Building materials
Brick, Concrete, Steel Siding, Stone, Glass
Roof type
Rubber, Membrane
Buildings
1
Listing Agency:
WARD & ASSOCIATES
Listed By:
Debby Auble · License #471013006
(217) 355-1000
Added: Dec 12, 2024
Changed: Oct 27
Last Checked: Oct 31 at 4:06PM
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.
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Investment Insights
Based on property information with market context.
Located at 41 E. University Avenue, this mixed-use building dates to 1913 and contains retail, residential, and office space. Large windows on all sides bring natural light into the interior and provide city views. The property is listed on the National Register of Historic Places and has COMMR zoning. Its 0.2883-acre parcel includes paved space on the west side, currently used for off-street parking, with access to the building’s first floor.
Across Market Street, the Illinois Terminal provides connections for local mass transit, inter-city bus service, and Amtrak. The property is also described as offering access to the University of Illinois. The building’s history includes use as railway offices and a Champaign interurban station, followed by Illinois Power Company offices.
Across Market Street, the Illinois Terminal provides connections for local mass transit, inter-city bus service, and Amtrak. The property is also described as offering access to the University of Illinois. The building’s history includes use as railway offices and a Champaign interurban station, followed by Illinois Power Company offices.
Key Highlights
- 1913 building listed on the National Register of Historic Places
- Mixed‑use property with retail, residential, and office space
- 0.2883‑acre parcel with paved off‑street parking
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,846
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A 1913 property brings together retail, residential, and office areas with paved off-street parking.
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: 1913 building listed on the National Register of Historic Places; Mixed‑use property with retail, residential, and office space; 0.2883‑acre parcel with paved off‑street parking
