502 Hickory St Champaign, IL 61820-3622
Property profile & analytics
502 Hickory St Champaign, IL 61820-3622
- Warehouses
Property ID
US28-0507082
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Slaing Porta / Building Supply
Property Details for 502 Hickory St
- Property type
- Warehouses
- APN
- 422012284007
- APU
- 422012284007
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Champaign
- County
- Champaign
- State
- Illinois
- Longitude
- -88.2422
- Latitude
- 40.1201
- CBSA code
- 16580
- CBSA name
- CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,307
$14,100
$11,480
$25,580
-
$42,300
$34,440
$76,740
