502 Hickory St, Champaign, IL 61820-3622

This exceptional downtown Champaign development opportunity presents a unique blend of commercial and residential potential. The property, located at 502 North Hickory Street, consists of two adjoining parcels totaling 60' x 133' and is zoned for mixed-use commercial and residential development. The main structure, a 7,120 square foot, turn-of-the-century two-story brick industrial building, boasts a substantial steel substructure supporting a second-floor loft apartment. This vintage building, unlike any other in downtown Champaign, offers a unique character with exposed brick, ceiling rafters, and clear heart long grain pine floors. The first floor features an 11-foot ceiling height, two bay doors, and a steel exterior staircase. The building's dimensions are 40' x 89', with 3,560 square feet per floor. This prime location offers unparalleled visibility and accessibility within the vibrant downtown area. The property's asking price is $899,900, translating to $126.39 per square foot. Built in 1910, this property presents a rare chance to acquire a piece of Champaign's history and transform it into a thriving commercial or residential space, or a combination of both. The property's unique features and prime location make it an ideal investment for developers seeking a high-impact project in a thriving urban setting. Further details regarding the adjoining parcel are available upon request.