Downtown Office for Lease

Property Description

201 W University Avenue is a two-story office building that was built in 1974 and fully remodeled over the years. Chase Bank occupies approximately half of the building, and the entire 2nd floor is available for lease and is approximately 10,008 SF. This thoughtfully designed space features 15 private offices, 41 cubicle stations, a large training / conference room and 2nd conference room, two break rooms, reception area, and multiple restrooms.

The 2nd floor is accessible by elevator and is offered at $12.00/SF NNN for the entire floor (+/- 10,008 SF), or divisible to +/- 5,000 SF ($14.00/SF NNN) or +/- 3,000 SF ($15.00/SF NNN). Additional expansion space is available in the basement.

The parking lot is shared with Chase Bank and offers surface parking for 65 vehicles. Additionally, the building offers prominent signage opportunities on the facade that can provide strong visibility for a business.

Aera Description

The property is ideally located in downtown Champaign just northeast of the University of Illinois at Urbana-Champaign, which boasts over 56,000 students and more than 14,000 faculty and staff, south of Interstate 74, and just west of the Illinois Terminal. Additionally, the building is extremely well situated near major employers including Christie Clinic, Busey Bank, the City of Champaign and others, and is near dozens of restaurants and many eclectic shops in downtown Champaign.