Prime Development Land in
For Sale
$2,100,000
214 S Walnut St, Champaign, IL 61820
28,970 SF development site in a dense Champaign location.
Property Size28 SF
Price / SF$75,000
Days on Market345
Property Features for 214 S Walnut St
General Information
Standard status
Active
Size
28 SF
Property subtype
Land
Listing Agency:
Coldwell Banker Commercial Devonshire Realty
(217) 352-7712
Listed By:
Josh Markiewicz, CCIM
(217) 352-7712
Source:
Cbcworldwide
Added: Sep 10, 2025
Changed: May 21
Last Checked: Apr 9 at 9:00PM
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.
An opportunity to acquire approximately 28,970 square feet of development land in Champaign, Illinois, at the convergence of Downtown, Midtown, and Campustown. The property consists of two parcels. There are two vacant buildings across the parcels that were built between 1945 and 1980. The site is zoned CB2 – Central Business Downtown, which allows for a maximum building height of 115 feet and has no setback, open space reserve (OSR), or floor to area ratio (FAR) requirements. It may be possible for a buyer to assemble additional parcels to create an even larger development site.
Key Highlights
- Prime development land in Champaign, Illinois, perfectly situated at the convergence of Downtown, Midtown, and Campustown.
- Flexible CB2 zoning allows for a MAXIMUM BUILDING HEIGHT OF 115’ with no setback, open space reserve (OSR), or floor to area ratio (FAR) requirements.
- Opportunity to assemble additional parcels to create a larger development site.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,624
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Land - 28,970 SF development site in a dense Champaign location.
Where is this land located?
The property is located at 214 S 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: Prime development land in Champaign, Illinois, perfectly situated at the convergence of Downtown, Midtown, and Campustown.; Flexible CB2 zoning allows for a MAXIMUM BUILDING HEIGHT OF 115’ with no setback, open space reserve (OSR), or floor to area ratio (FAR) requirements.; Opportunity to assemble additional parcels to create a larger development site.
