Prime Development Land in
For Sale
Contact for pricing
302 S Market St, Champaign, IL 61820
89,348 SF development site near Downtown and University of Illinois.
Property SizeContact for details
Lot Size2.05 Acres
Days on Market696
Property Features for 302 S Market St
General Information
Standard status
Active
Lot size
2.05 Acres
Property subtype
Land
Zoning
CB1, Central Business Urban Fringe
Listing Agency:
Coldwell Banker Commercial Devonshire Realty
(217) 403-3424
Listed By:
Josh Markiewicz · License #IL
Source:
Crexi
Added: Sep 24, 2024
Changed: Aug 8
Last Checked: Aug 8 at 11:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Devonshire Realty
Investment Insights
Based on property information with market context.
This offering presents an opportunity to acquire approximately 89,348 square feet of development land in Champaign, Illinois, situated at the convergence of Downtown, Midtown, and Campustown. The property comprises four parcels zoned CB1 – Central Business Urban Fringe. The CB1 zoning allows for a maximum building height of 85 feet and has no setback, open space reserve (OSR), or floor to area ratio (FAR) requirements. There are three vacant buildings across the parcels that were built between 1935 and 1973. The property is located between Downtown Champaign and the University of Illinois, which has an enrollment of over 56,000 students and 15,000+ faculty and staff. The site is easily accessed and bordered to the north by the Illinois Terminal, to the west by Neil Street, and to the south by Springfield Avenue, all major arterials through the market. It may be possible for a buyer to assemble additional parcels to create an even larger development site.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,024
Businesses Nearby
Explore this area
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?
Commercial land - 89,348 SF development site near Downtown and University of Illinois.
Where is this commercial land located?
The property is located at 302 S Market St Champaign, IL.
What is the asking price?
The asking price for this property is $2,200,000.
