Champaign Multi-Family Development
N Neil St & Interstate Dr, Champaign, IL 61822
For Sale
Contact for pricing
Multi-family lots in Champaign's retail corridor, shovel ready.
Property SizeContact for details
Lot Size12.79 Acres
Days on Market2413
Property Features for N Neil St & Interstate Dr
General Information
Standard status
Lot size
Property subtype
Zoning
Listing Agency:
Coldwell Banker Commercial Devonshire Realty
Listed By:
AJ Thoma III, CCIM, SIOR · License IL IL475.135026
(217) 520-3299
Source:
Crexi
Added: Apr 7, 2020
Changed: Oct 25
Last Checked: Oct 25 at 2:07PM
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
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Investment Insights
Based on property information with market context.
These multi-family lots are located less than 1 mile from Interstate 57, within 2 miles of Interstate 74, and within 3 miles of Interstate 72. Champaign is conveniently located 135 miles from Chicago, 180 miles from St. Louis, 120 miles from Indianapolis, 90 miles & 50 miles from Peoria & Bloomington, and 90 miles & 50 miles from Springfield & Decatur. Ashland South Multi-Family land is one of the last remaining large multi-family tracts available in the heart of Champaign’s retail corridor. Currently, Lot 1 and Lot 2 are available for sale and are shovel ready. Lot 1 is a 2.947-acre lot that has frontage on Interstate Dr & Toalson Lane. Lot 2 is a 9.848-acre lot that has frontage on Interstate Dr., Toalson Lane, and Neil St. The properties are currently zoned MF1, Multifamily Low Density District, which provides for low-density multifamily dwellings. The multifamily buildings are generally low-rise, lower-density apartments of two to three stories. Open space and recreational amenities should be provided for residents. The MF1 District is appropriate next to areas with low-density single-family development patterns and may serve as a transitional use. Density is controlled by the floor area ratio and open space ratio. The average density will range from 12 to 30 units per acre. The Atkins Group is prepared to sell lots, pursue tenant improvements, or offer build-to-suite solutions for companies of all sizes.
Key Highlights
- Large multi‑family tracts available in Champaign's retail corridor.
- Shovel‑ready: Lots 1 & 2 are available for sale.
- Located less than 1 mile from Interstate 57 and within 2 miles of Interstate 74 and within 3 miles of Interstate 72.
Location Intelligence
Trade Area within ½ mile
174
Businesses Nearby
Explore this area
Business Placement
Demographics for 61822, IL
25,091
Population
11,923
Households
2.1
Avg Household Size
38
Median Age
58%
College-Educated
96%
High-School Grad
107.2 sq mi
ZIP Area
234
Density / Sq Mi
$97,044
Median Household Income
$55,385
Median Earnings
$1,265
Median Rent
$264,600
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential land & home lot - Multi-family lots in Champaign's retail corridor, shovel ready.
Where is this residential land & home lot located?
The property is located at N Neil St & Interstate Dr Champaign, IL.
What is the asking price?
The asking price for this property is $1,672,050.
What are key features of this property?
This property features: Large multi‑family tracts available in Champaign's retail corridor.; Shovel‑ready: Lots 1 & 2 are available for sale.; Located less than 1 mile from Interstate 57 and within 2 miles of Interstate 74 and within 3 miles of Interstate 72.
