Prospect Ave Champaign, IL 61822

Exceptional development opportunity in Champaign, Illinois, featuring multiple lots ranging from 1.47 to 6.25 acres. These parcels are ideally situated along North Prospect Avenue, a thriving growth corridor, offering convenient access to major roadways including Interstates 57 and 74. The location provides proximity to the University of Illinois, Carle Hospital, and Presence Medical Center, ensuring a strong potential for high occupancy and return on investment. Several lots are fully improved with utilities, ready for immediate development. Zoning options include MF1 (Multifamily Low Density), CN (Commercial Neighborhood), and CG (Commercial General), catering to a variety of development projects, from high-density multifamily housing to retail spaces. Lot 4 (6.25 acres) is zoned MF3 (Multifamily High Density) and is fully improved. Lot 6 (3.79 acres), zoned CN, boasts approximately 330 feet of frontage on North Prospect Avenue and is also fully improved. Lot 8 (8 acres) is divisible into parcels as small as 1 acre and is fully improved. Lot 9 (5.35 acres) is fully improved. Outlots 3 & 4 (2.94 acres total, divisible into 1.47-acre parcels) are fully improved and zoned CG. The area is anchored by Walmart and Aldi, with other national retailers nearby. This presents a unique chance to capitalize on the robust growth and demand in this prime Champaign location. The diverse lot sizes and zoning options provide flexibility for various development plans, making this an attractive investment for both experienced developers and new ventures.