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210 S Walnut St
Champaign, IL 61820
Land For Sale
·
0.66 AC
INVESTMENT HIGHLIGHTS
- Rare Development Opportunity
- Flexible Zoning
- Located in a TIF District & Enterprise Zone
- Located at the Convergence of Downtown, Midtown and Campustown
EXECUTIVE SUMMARY
Coldwell Banker Commercial Devonshire Realty (CBCDR) is proud to exclusively offer for sale an incredible opportunity to acquire approximately 28,662 SF of prime development land located in Champaign, Illinois at the convergence of Downtown, Midtown and Campustown.
This is truly a unique opportunity to acquire a development site in a dense location with flexible zoning, and it’s possible for a buyer to assemble additional parcels to create an even larger development site.
The property consists of 4 parcels totaling approximately 28,662 SF and the site is zoned CB2 – Central Business Downtown. CB2 zoning allows for a maximum building height of 115’, and doesn’t have any setback, open space reserve (OSR) or floor to area ratio (FAR) requirements.
There are 3 vacant buildings across the parcels that were built between 1915 and 1965 – building sizes are listed on page 4 under Parcel Information.
This is truly a unique opportunity to acquire a development site in a dense location with flexible zoning, and it’s possible for a buyer to assemble additional parcels to create an even larger development site.
The property consists of 4 parcels totaling approximately 28,662 SF and the site is zoned CB2 – Central Business Downtown. CB2 zoning allows for a maximum building height of 115’, and doesn’t have any setback, open space reserve (OSR) or floor to area ratio (FAR) requirements.
There are 3 vacant buildings across the parcels that were built between 1915 and 1965 – building sizes are listed on page 4 under Parcel Information.
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.66 AC |
| Property Type | Land | ||
| Zoning | CB2 - Central Business Downtown | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.66 AC |
| Zoning | CB2 - Central Business Downtown |
1 LOT AVAILABLE
Lot
| Price | $2,617,820 CAD | Lot Size | 0.66 AC |
| Price Per AC | $3,966,393.90 CAD |
| Price | $2,617,820 CAD |
| Price Per AC | $3,966,393.90 CAD |
| Lot Size | 0.66 AC |
The property is extremely well situated between Downtown Champaign and the University of Illinois, which boasts an enrollment of over 56,000 students, and 15,000+ faculty and staff. The site is easily accessed and bordered to the north by the Illinoi
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $223,781 CAD | |
| Land Assessment | $221,428 CAD | Total Assessment | $445,208 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$221,428 CAD
Improvements Assessment
$223,781 CAD
Total Assessment
$445,208 CAD
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