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    Mattis Ave Champaign, IL 61822

    Sponsored
    For Sale
    $3,800,000

    32+ Acres, Mixed Zoning, Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 32.855-acre commercial land parcel presents a unique investment opportunity in Champaign, Illinois. Strategically located at the southwest corner of Curtis Road and Mattis Avenue, this property boasts dual zoning designations: Commercial Neighborhood (CN) and Multifamily Low Density (MF1). Approximately 17.1 acres are zoned CN, allowing for diverse commercial uses, while roughly 15.755 acres are zoned MF1, permitting the construction of two-to-three-story apartment buildings. The property is being sold "as is," without existing utilities or infrastructure

    Property Features for 0 Mattis Ave

    General Information

    Property type
    Land
    Lot Size
    1,431,164 SF

    HighLights

    • 32.855‑acre commercial land parcel in Champaign, IL.
    • Prime location at the southwest corner of Curtis Road and Mattis Avenue.
    • Dual zoning: Commercial Neighborhood (CN) and Multifamily Low Density (MF1).
    • Approximately 17.1 acres zoned CN, and 15.755 acres zoned MF1.
    • Sold "as is," without utilities or infrastructure.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Champaign
    County
    Champaign
    State
    Illinois
    Longitude
    -88.2761405
    Latitude
    40.0693824

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    FAQs

    What type of property is this?
    Land - 32+ Acres, Mixed Zoning, Development Potential
    Where is this land located?
    The property is located at Mattis Ave Champaign, IL.
    What is the asking price?
    The asking price for this property is $3,800,000.
    What are key features of this property?
    This property features: 32.855-acre commercial land parcel in Champaign, IL.; Prime location at the southwest corner of Curtis Road and Mattis Avenue.; Dual zoning: Commercial Neighborhood (CN) and Multifamily Low Density (MF1).
    (217) 352-7712
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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
    Mattis Ave Champaign, IL 61822
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