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113 E University Ave
Champaign, IL 61820
Champaign Gateway · Land For Sale
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0.62 AC
INVESTMENT HIGHLIGHTS
- 0.62 acres available in East University TIF District (expandable to 2.26 acres).
- Corner edge of University of Illinois campus district.
- Adjacent to Boneyard Creek Park, off-campus entertainment district, bars and restaurants.
- Zoning: CB1 - Central Business Urban Fringe.
- Walking distance from Champaign Amtrak & Greyhound Station.
- University Avenue: 19,900 VPD 1ST Street: 5,600 VPD.
EXECUTIVE SUMMARY
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Residential |
| Sale Condition | Redevelopment Project | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.62 AC |
| Property Type | Land | ||
| Zoning | CB1 - Central Business Urban Fringe | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.62 AC |
| Zoning | CB1 - Central Business Urban Fringe |
1 LOT AVAILABLE
Lot
| Lot Size | 0.62 AC |
| Lot Size | 0.62 AC |
0.62 acres available in East University TIF District (expandable to 2.26 acres). Located within the UIUC Campus district, and downtown Champaign district.
DESCRIPTION
0.62 acres of prime redevelopment property available in East University TIF District. Expandable to up to 2.25 acres for an entire block redevelopment. Located within the UIUC Campus District and downtown Champaign District. Across from Champaign Police Department, walking distance from the entertainment district. Short walk to UIUC campus, downtown Champaign, and entertainment district. Student housing development could be targeted to the high concentration of business college and international student population on the North side of campus. Close proximity to campus, downtown, and entertainment district would serve well for graduate student and TA rentals at market rates. Traditional multi-family also a possability.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $75,271 CAD | |
| Land Assessment | $82,463 CAD | Total Assessment | $157,734 CAD |
PROPERTY TAXES
