Redevelopment Parcel For Sale

SaleLandRetail 2,450 SF
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61 E University Ave
Champaign, IL 61820
Price: $450,000
Building Size: 2,450 SF
Lot Size (sqft): 12,041 SF
Zoning: CB1 – Central Business Urban Fringe
Tax PIN: 42-20-12-487-001
RE: $5,958.06

Property Description

Subject property was the long term home to the Thrifty Nickle advertisement periodical. Given the proximity to Downtown Champaign and the potential “The Yards” development which has proposed 175 room hotel, convention space for up to 1,000, 100+ apartments, and a 5,000 seat multipurpose arena that could house D1 Hockey. Currently the site is .28 acres and has a 2,450 SF leased (flexible terms) building as well as additional billboard income.

Area Description

The property is located just east of downtown Champaign and is adjacent to the Illinois Terminal (multimogle transit hub) & Champaign Police Department on University Ave.

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