Cor Of Staley Rd And Inverness Rd Champaign, IL 61822
- Land
- 5.00 lot acres
Current Use by Public Records
- Land
Property Details for 0 Cor Of Staley Rd And Inverness Rd
- Lot size
- 5.00 lot acres
- Property type
- Land
Description
This exceptional 5-acre commercial development site is located in Champaign, Illinois, at the northeast corner of Staley Road and Inverness Road. Priced at $1,089,000 ($5/SF), this fee simple property boasts a highly desirable Commercial Neighborhood zoning designation, making it suitable for a variety of commercial ventures. The site is conveniently situated approximately 0.5 miles south of Springfield Avenue, along the heavily trafficked Staley Road corridor. Its strategic location offers excellent visibility and accessibility. Surrounding the property is a mix of established residential areas, significant multi-family developments, and warehousing/industrial facilities to the north, creating a dynamic and diverse neighborhood. The property is ready for immediate development, with utilities readily accessible. Further enhancing its appeal, this land parcel is situated within the Champaign Enterprise Zone, potentially offering significant economic incentives. The property's size allows for the possibility of subdivision into multiple commercial lots, providing flexibility for various development plans. APN: 442016100001. This is a truly exceptional opportunity for investors and developers seeking a prime location in a thriving market.
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
- -88.3144
- Latitude
- 40.1065
