41 University Ave Champaign, IL 61820

Property Details for 41 University Ave

Year built

1913

Property size

17,609 SF

Property type

Mixed-use properties

Description

This exceptional 17,609-square-foot mixed-use property at 41 E. University Avenue in Champaign, Illinois, presents a rare investment opportunity. Built in 1913 and listed on the National Register of Historic Places in 2006, this landmark building boasts a prime downtown location with high visibility and significant foot traffic. Originally designed by architect Joseph Royer in the Contemporary Commercial style, the building features abundant natural light from large windows on all sides, offering stunning city views. Its rich history includes serving as the Champaign interurban station and later housing the Illinois Power Company. The property offers a unique blend of retail, residential, and office space, making it ideal for a variety of uses. Convenient off-street parking is currently available on the west side, but this paved area could be easily repurposed into an outdoor patio or dining space, capitalizing on the high traffic of University Avenue. The building's strategic location across Market Street from the Illinois Terminal hub—a major transit center for local, intercity, and Amtrak services—provides unparalleled accessibility. Its proximity to the University of Illinois, with its 55,000+ students, and the vibrant downtown area, with its diverse restaurants, breweries, pubs, and cultural attractions, ensures a strong customer base. The surrounding area features numerous mixed-use properties and multi-family developments, creating a substantial residential population that complements the strong daytime employment base. This is a truly unique opportunity to own a piece of Champaign's history and capitalize on its thriving downtown scene.

Location Insight

City

Champaign

County

Champaign

State

Illinois

Longitude

-88.2421

Latitude

40.116