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214 S Walnut St
Champaign, IL 61820
214 S Walnut Street · Land For Sale
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0.67 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
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 2 parcels totaling approximately 28,970 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 2 vacant buildings across the parcels that were built between 1945 and 1980 – building sizes are listed on page 4 under Parcel Information.
PROPERTY FACTS
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Commercial |
| Property Type | Land | Total Lot Size | 0.67 AC |
| Zoning | CB2 - Central Business Downtown | ||
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.67 AC |
| Zoning | CB2 - Central Business Downtown |
1 LOT AVAILABLE
Lot
| Price | $2,893,380 CAD | Lot Size | 0.67 AC |
| Price Per AC | $4,318,477.57 CAD |
| Price | $2,893,380 CAD |
| Price Per AC | $4,318,477.57 CAD |
| Lot Size | 0.67 AC |
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.
DESCRIPTION
Coldwell Banker Commercial Devonshire Realty (CBCDR) is proud to exclusively offer for sale an incredible opportunity to acquire approximately 28,970 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 2 parcels totaling approximately 28,970 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 2 vacant buildings across the parcels that were built between 1945 and 1980 – building sizes are listed on page 4 under Parcel Information. Area Description 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 Illinois Terminal, to the west by Neil Street and to the south by Springfield Avenue – both of which are major arterials through the market.
PROPERTY TAXES
| Parcel Number | 42-20-12-482-002 | Improvements Assessment | $201,448 CAD |
| Land Assessment | $126,905 CAD | Total Assessment | $328,354 CAD |
PROPERTY TAXES
