113 E University Ave Champaign, IL 61820

This is an opportunity to acquire up to 2.25 acres situated at the corner of the University of Illinois Urbana-Champaign’s campus district. The property comprises multiple adjoining lots across an entire square block between the UIUC campus and downtown Champaign, specifically at the corner of University Avenue and First Street. Adjacent to Boneyard Creek, the property features walking trails. The University of Illinois Urbana-Champaign is a flagship institution established in 1867, with over 56,000 students. The property's location offers proximity to both the campus and downtown, placing it within walking distance of both. This location is suited for targeting graduate students and young professionals seeking to avoid long commutes to campus while remaining close to the downtown entertainment district. Boneyard Creek enhances the site's appeal, providing views and green space. The property's size allows for economies of scale, potentially accommodating a higher bed/unit mix with amenities that graduate students and post-grads may seek. Located in the Midtown submarket, which has a strong studio apartment market, developers could target the high-end studio apartment market, catering to Champaign's growing young professional tech and start-up entrepreneur market. Champaign has experienced an increase in technology start-ups.