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    CHAMPAIGN IL Market St Champaign, IL 61822

    Sponsored
    For Sale
    $1,400,000

    35-Acre Development Site, High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 35.47-acre land parcel presents a prime development opportunity in a rapidly expanding area of Champaign, Illinois. Strategically located at the intersection of West Olympian Drive and North Market Street, this property boasts significant street frontage: 1500 linear feet along North Market Street and 679 linear feet along West Olympian Drive. High daily traffic counts of 6,150 AADT on North Market Street and 3,450 AADT on West Olympian Drive ensure excellent visibility and accessibility. Currently zoned Multifamily MF1, this site is surrounded by a mix of commercial and residential properties, creating a dynamic and desirable location. The property's proximity to major retail destinations, restaurants, and residential communities further enhances its appeal. Within a 1-1.5 mile radius southwest, you'll find Market Place Mall, Best Buy, Chick-fil-A, Costco, Meijer, Binny's, Kohl's, Olive Garden, Planet Fitness, and numerous apartment complexes. This location offers unparalleled convenience and access to a wide range of amenities. The property's APN is 41-14-36-200-007 and is held in trust. This is an exceptional investment opportunity for developers seeking to capitalize on the thriving Champaign-Urbana market. The asking price is $1,400,000.

    Property Features for CHAMPAIGN IL Market St

    General Information

    Property type
    Farms
    Lot Size
    1,545,073 SF

    HighLights

    • 1500 linear feet of frontage on N Market Street and 679 linear feet of frontage on W Olympian Drive.
    • High‑traffic location with excellent visibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Champaign
    County
    Champaign
    State
    Illinois
    Longitude
    -88.2392731
    Latitude
    40.1567034

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    FAQs

    What type of property is this?
    Farm - 35-Acre Development Site, High Traffic Area
    Where is this farm located?
    The property is located at CHAMPAIGN IL Market St Champaign, IL.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: 1500 linear feet of frontage on N Market Street and 679 linear feet of frontage on W Olympian Drive.; High-traffic location with excellent visibility.;
    Request Owner's contact information
    CHAMPAIGN IL Market St Champaign, IL 61822
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    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
    CHAMPAIGN IL Market St Champaign, IL 61822
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