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Property summary
The historic Illinois Traction Building is a stand-alone property in downtown Champaign, Illinois, constructed in 1913 and designed by architect Joseph Royer in the Contemporary Commercial Style. The building includes large windows that provide natural light and views of the surrounding city and was historically used as railway offices, functioning as the Champaign interurban station until 1936, and later served as office space for the Illinois Power Company. Listed on the National Register of Historic Places in 2006, the structure is configured to accommodate a mix of retail, residential, and office uses and includes off-street parking. A paved outdoor area on the west side is used for parking and has direct access to the first floor, allowing it to serve as an outdoor patio or dining area. The building is located near the Illinois Terminal hub across Market Street, which serves local mass transit, inter-city bus service, and Amtrak passenger service, and it is within access of the University of Illinois. The property has an overall size of 22,052 square feet.
Property profile
VerifiedCap rate & NOI
Current use
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Alternative Medicine Practice
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Property Management Company
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Counselor
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Construction Company General Contractor
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Car Rental Facility
Location
Value estimations
Owner & transaction history
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Champaign market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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