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214 Walnut St Champaign, IL 61820

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For Sale
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Prime 0.67-acre development site

Property Features for 214 Walnut St

General Information

Property type
Land
Lot Size
29,185 SF

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Listing Contact
Josh Markiewicz
Josh Markiewicz

Listing Agency: Coldwell Banker Commercial Devonshire Realty Listing Agent: Josh Markiewicz

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional 0.67-acre commercial land parcel, located at 214 S Walnut St in Champaign, IL (zip code 61820), presents a rare development opportunity. Situated at the convergence of Downtown, Midtown, and Campustown, this property offers unparalleled access to a vibrant community with over 56,000 students and 15,000+ faculty and staff at the nearby University of Illinois. The site is zoned CB2 – Central Business Downtown, allowing for a maximum building height of 115 feet, with no setback, open space reserve (OSR), or floor-to-area ratio (FAR) requirements. The property includes two existing vacant buildings (built between 1945 and 1980) and benefits from its location within a Tax Increment Financing (TIF) District and Enterprise Zone. Its prime location is bordered by major thoroughfares: the Illinois Terminal to the north, Neil Street to the west, and Springfield Avenue to the south, ensuring excellent visibility and accessibility. The asking price for this 28,970 square foot lot is $2,100,000. This presents a unique chance to develop a significant project in a high-demand area.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Rogards (Bike/Boat/Book/etc) Store

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

Location Insight

  • Map
  • Local Demand
City
Champaign
County
Champaign
State
Illinois
Longitude
-88.2430259
Latitude
40.1144411

FAQs

What type of property is this?
Land - Prime 0.67-acre development site
Where is this land located?
The property is located at 214 Walnut St Champaign, IL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Exceptional Redevelopment Potential; Prime Location within Tax Increment Financing (TIF) & Enterprise Zone; Versatile Zoning Allows for Multiple Uses
(217) 403-3424 Call to check price and availability
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