Multifamily Land Site U of I Campus
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Listing was updated on: 02/14/2021
Property Overview
| Price/Rent PSF | $ 4,485,000.00 |
| Asset Type | Land |
| Trade Type | Sale |
| Acres Available | INQUIRE |
| Date Available | 02/02/2021 |
| Additional URL | Link |
| Additional parameters | Show |
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Description
Location
The property is located west of Lincoln Avenue, south of University Ave. and north of Springfield Ave. Land use patterns within subject area are of a residential nature including detached single family and apartments, Churches lie in the neighborhood, with the University of Illinois facilities located a few blocks to the west and two major hospitals nearby.
Urbana-Champaign are twin cities in Champaign County and is located in the heart of East Central Illinois. Champaign-Urbana is a Big Ten community and growing tech center. The University of Illinois has been the dominant force in making C-U a high tech area. The University has one of the few supercomputer bases in the country. This has helped to attract additional high tech businesses. C-U connects with Interstates I-57, I-72, and I-74. C-U is home to the University of Illinois, Parkland College, and two major regional hospitals Carle Foundation and OSF Healthcare. Champaign County is a leader in education, health care, government, technology, industry and agriculture. Chicago is approximately 2 hours north, Indianapolis is approximately 2 hours west and St.Louis is approximately 2 1/2 hours south.
Sale
Excellent location just 2 blocks from the University of Illinois. One of the last large parcels of assembled land ready for development and very near the U of I. Awesome opportunity for student housing, research park, corporate condos, medical suites, multi-family, etc, all within blocks of the University and two major hospitals, Carle Foundation Hospital and OSF Medical Center. Has frontage on Lincoln Avenue, a major thoroughfare leading to campus and I-57 and which is considered the gateway route to the University.
204 N. Gregory St. & 910 W. Stoughton St.
The subject measures 66' x 132' and contains 8,712 SF. A 16.5' alley lies at the rear. It zoned B3U, General Business University District.
Brief Legal: Lot 8 Block 47 Seminary Addition, Champaign County, Illinois
Real Estate Taxes: $10,263
901-911 W Main St. & 206 N Gregory St.
The subject consists of an entire city block containing 39,204 SF, or .93 acres. Seven rental houses which function as an interim use, all vacant. Site should be used for new development. The subject is zoned B3U, General Business University District
Brief Legal: Lots 1, 2, 3,4,5,6 & 7 Block 47 Seminary Addition, Champaign County, IL
Real Estate Taxes: $38,755.36
The parcels are being sold as a land site for future multifamily development for the University of Illinois campus. Can add an adjacent parcel of 5,148 SF.
Location