2501 Bradley Ave Champaign, IL 61821
This .47-acre lot in Champaign, Illinois, presents a unique development opportunity. Located at 2501 W Bradley Ave, across from Parkland College, the property is zoned MF1, allowing for the construction of low-density multi-family dwellings such as apartments, duplexes, or even a single-family home. The site has been cleared, with all trees and stumps removed, simplifying the development process. An existing two-car garage with electrical service and additional concrete parking spaces are already in place. To expedite the building process, architectural and engineering plans for five attached townhomes, compliant with current zoning regulations, are included with the sale. The property's APN is 412010100028, and it is owned by an LLC. The asking price for this ready-to-develop land is $85,000. This is an exceptional opportunity for investors or developers seeking a prime location in a thriving community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Costs & Benchmarks
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Risks
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