Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    101-107 Clark St Champaign, IL 61820

    Sponsored
    For Sale
    Contact for pricing

    ±0.7-acre flex space, redevelopment ready.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This ±0.7-acre corner lot, located at 101-107 E University Avenue and 102 E Clark Street in Champaign, Illinois (zip code 61820), presents a unique redevelopment opportunity. Situated within the East University Tax Increment Financing (TIF) District, this property boasts a highly visible location at a signalized intersection. The property's zoning is CB1 - Central Business Urban Fringe, offering flexibility for a variety of commercial uses. The previous occupant was Dallas & Co. Costumes & Magic shop. Its convenient location offers exceptional accessibility, being within walking distance of both Amtrak and Greyhound stations, as well as the University of Illinois campus. This makes it an ideal site for businesses seeking high visibility and convenient access to transportation and a large workforce. The lot's size and location make it suitable for a range of development projects, capitalizing on its prime position in a thriving area. Serious inquiries are encouraged to explore the potential of this exceptional property.

    Property Features for 101-107 Clark St

    General Information

    Property type
    Flex space
    Lot Size
    30,492 SF

    HighLights

    • ±0.7‑acre corner lot available for sale in the East University Tax Increment Financing (TIF) District.
    • Ready for immediate redevelopment.
    • Former Dallas & Co. Costumes & Magic shop.
    • Excellent location: walking distance to Amtrak, Greyhound, and the University of Illinois campus.
    • Zoned CB1 - Central Business Urban Fringe.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Champaign
    County
    Champaign
    State
    Illinois
    Longitude
    -88.2355824
    Latitude
    40.1151331

    Nearby Similar for Sale

    • $3,850,000
      0.29 Acres

      Historic Downtown Champaign Mixed-Use Building

      Landmark building with retail, office, and residential potential.
      41 E University Ave, Champaign, IL 61820
      View Details
    • $1,250,000
      9.88 Acres

      Commercial Property with Residential Home

      9.88 acres with commercial building, residential home, and income.
      3612 W Bloomington Rd, Champaign, IL 61822
      View Details
    • $2,750,000
      Pending

      Turnkey Champaign Commercial Property

      Four commercial buildings with heated storage units in Champaign, IL.
      2713 Hundman Dr, Champaign, IL 61822
      View Details
    • $999,900
      0.48 Acres

      Bi-Level Retail Facility For Sale

      Standalone retail facility on a prime out lot of Market Place Mall.
      6 Convenience Center Rd, Champaign, IL 61820
      View Details
    • $2,300,000
      2.61 Acres

      Champaign Commercial Building For Sale

      13,580 SF commercial building converted to school/daycare.
      2301 W Bradley Ave, Champaign, IL 61821
      View Details
    • $698,000
      0.40 Acres

      Commercial Building in Champaign, IL

      Commercial building with retail, office, and warehouse space available.
      909 W Bloomington Rd, Champaign, IL 61821
      View Details
    • $6,400,000
      0.53 Acres

      Multifamily Investment Opportunity Near Campus

      Value-add multifamily property with 29 units and 85 beds.
      1007 S Locust St, Champaign, IL 61820
      View Details
    • $949,900
      5.00 Acres

      Versatile Commercial Property in Champaign

      Warehouse, office, acreage, and single-family rental near I-57.
      1069 County Road 900, Champaign, IL 61822
      View Details
    • $5,000,000
      0.17 Acres

      Downtown Champaign Apartment Building Investment

      32-unit apartment building in downtown Champaign with strong leasing history.
      11 E Columbia Ave, Champaign, IL 61820
      View Details
    • $359,900

      Warehouse/Office Condo in Champaign

      Warehouse/Office condo near Springfield Ave and Staley Rd intersection.
      412 S Staley Rd, Champaign, IL 61822
      View Details
    • $3,000,000
      0.21 Acres

      Versatile Multi-Tenant Investment Opportunity

      3,600 SF multi-tenant building in Champaign, Illinois for sale.
      505 E University Ave, Champaign, IL 61820
      View Details
    • $299,900
      0.18 Acres

      Champaign Multifamily Investment Opportunity

      Five-unit building near downtown Champaign with recent upgrades.
      617 W Springfield Ave, Champaign, IL 61820
      View Details

    FAQs

    What type of property is this?
    Flex space - ±0.7-acre flex space, redevelopment ready.
    Where is this flex space located?
    The property is located at 101-107 Clark St Champaign, IL.
    What are key features of this property?
    This property features: ±0.7-acre corner lot available for sale in the East University Tax Increment Financing (TIF) District.; Ready for immediate redevelopment.; Former Dallas & Co. Costumes & Magic shop.
    Request Owner's contact information
    101-107 Clark St Champaign, IL 61820
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    101-107 Clark St
    Champaign, IL 61820
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    101-107 Clark St Champaign, IL 61820
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.