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Property Overview

Price/Rent PSF Inquire
Asset Type Land
Trade Type Sale
Acres Available 1.88
Date Available 08/29/2019
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Description

Location
This property is located on The University of Illinois Campus in the Opportunity Zone. The site is on the northwestern side of the campus. UIUC is a Big Ten community and growing tech center. Champaign-Urbana are twin cities in Champaign County and is located in the heart of East Central Illinois. Champaign County is home to around 210,000 residents. C-U top employers include: UIUC, Carle Foundation Hospital, Champaign Unit 4 School District, Kraft Heinz, Champaign County Administration, Christie Clinic Parkland College, Fedex and more. Champaign County is a leader in education, health care, government, technology, industry and agriculture. C-U connects with Interstates 57, 72, and 74. UIUC is accentuated by its proximity to large, world-class cities including Chicago, St. Louis, and Indianapolis, all of which are within easy driving distance.








Sale
Future Multi-Family Campus Development. With 1.88 acres of prime campus real estate. This opportunity is one of the last land lots on Springfield Ave. There is 226.80 SF of frontage on Springfield Ave. This property is nestled in between the RR and the Boneyard Creek retention basin. Champaign recently changed the Campus area zoning requirements. The new regulations allow greater improvement density and less parking. The University student population continues to grow at about 1% per year. Current enrollment is above 49,000. There is one existing building on site (restaurant/warehouse flex space).

Zoning: CB1 No off street parking required. Maximum height 175 feet. Maximum set back from public street 15 feet.

Brief Legal: Lot 202 of Pacifica Champaign Subdivision an addition to the city of Champaign, Champaign County, Illinois. Part of NE1/4, Sec 13, T19 ,NR. 8E. 3rd. PM
Real Estate Taxes: TBD

Location

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