$3,850,000
( $218.64Per Sq Foot )
 $20,668 est/mo Sourced by Back At You

41 E. University Avenue , Champaign, IL 61820

Champaign, IL 61820

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Description

Historic Illinois Traction Building in the heart of Downtown Champaign offers high visibility and high traffic count. Built in 1913, the building was designed by architect Joseph Royer in the Contemporary Commercial Style featuring large windows on all sides allowing for natural light and city views! The building originally housed the railway's offices and served as the Champaign interurban station until 1936. It later housed the offices of the Illinois Power Company, which descended from the Illinois Traction System. The building was added to the National Register of Historic Places in 2006. This property is a rare offering for a stand alone building with its perfect blend of retail, residential, and office space plus off street parking. The West side has outdoor paved space currently being utilized for off street parking however with its in-place access to the 1st floor of the building this space could be transformed into outdoor patio and/or dining areas. With the high traffic of University Avenue an outdoor patio/dining space can show off your business and increase customer awareness. Across Market street to the east is the Illinois Terminal hub which is a consolidated terminal hosting a major transfer point for local mass transit service, inter-city bus service, and Amtrak passenger service. This location also provides easy access to the University of Illinois with over 55,000 students. Downtown Champaign offers a variety of sought out restaurants, microbreweries, and pubs plus a vibrant cultural and arts scene. Throughout Downtown you will find mixed use properties and multi-family developments creating a significant residential population that combines with a strong daytime employment creating a strong customer and client base for any business.

Details

MLS#12212107
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year1913
Days On Site57
Listing Provided ByWARD & ASSOCIATES | Debby Auble

Features

SQ Feet17,609
Story(s)3
Units12
ZoningCOMMR

Market Activity 61820

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Learn More About This Property

StateIL
CountyChampaign
CityChampaign
Zip Code61820
AreaChampaign | Savoy
Listing VS Median (in 61820)
Price:
$3,850,000
low | high
Med:
$167,500
100% of Average
SqFt:
17,609
low | high
Med:
1,449
100% of Average
$ / SqFt:
$219
low | high
Med:
$116
96.899634984033% of Average
On Site:
57
low | high
Med:
12.500000
100% of Average
Sourced by Back At You
Listing Updated: January 21, 2025 at 12:00:42 PM PST