CHAMPAIGN IL Market St Champaign, IL 61822
- Land
- 35.47 lot acres
Current Use by Public Records
- Land
Property Details for CHAMPAIGN IL Market St
- Lot size
- 35.47 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
This exceptional 35.47-acre land parcel presents a prime development opportunity in a rapidly expanding area of Champaign, Illinois. Strategically located at the intersection of West Olympian Drive and North Market Street, this property boasts significant street frontage: 1500 linear feet along North Market Street and 679 linear feet along West Olympian Drive. High daily traffic counts of 6,150 AADT on North Market Street and 3,450 AADT on West Olympian Drive ensure excellent visibility and accessibility. Currently zoned Multifamily MF1, this site is surrounded by a mix of commercial and residential properties, creating a dynamic and desirable location. The property's proximity to major retail destinations, restaurants, and residential communities further enhances its appeal. Within a 1-1.5 mile radius southwest, you'll find Market Place Mall, Best Buy, Chick-fil-A, Costco, Meijer, Binny's, Kohl's, Olive Garden, Planet Fitness, and numerous apartment complexes. This location offers unparalleled convenience and access to a wide range of amenities. The property's APN is 41-14-36-200-007 and is held in trust. This is an exceptional investment opportunity for developers seeking to capitalize on the thriving Champaign-Urbana market. The asking price is $1,400,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Champaign
- County
- Champaign
- State
- Illinois
- Longitude
- -88.2393
- Latitude
- 40.1567
