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234 S Neil St 3.31 Acres of Commercial Land Offered at $8,290,194 CAD in Champaign, IL 61820
Investment Highlights
- Downtown
- Springfield
- Neil
Executive Summary
Coldwell Banker Commercial Devonshire Realty (CBCDR) is proud to exclusively offer for sale an incredible opportunity to acquire approximately 3.307 acres 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 large development site in a dense location with flexible zoning, and it may be possible for a buyer to assemble additional parcels to create an even larger development site.
The property consists of 10 parcels totaling approximately 144,053 SF (3.307 acres) and the site is mixed-zoned CB1 – Central Business Urban Fringe and CB2 – Central Business Downtown. CB1 zoning allows for a maximum building height of 85’ and CB2 allows for 115’, while neither zoning classification has any setback, open space reserve (OSR) or floor to area ratio (FAR) requirements.
There are 8 vacant buildings across the parcels that were built between 1915 and 1980 – building sizes are listed on page 4 under Parcel Information.
This is truly a unique opportunity to acquire a large development site in a dense location with flexible zoning, and it may be possible for a buyer to assemble additional parcels to create an even larger development site.
The property consists of 10 parcels totaling approximately 144,053 SF (3.307 acres) and the site is mixed-zoned CB1 – Central Business Urban Fringe and CB2 – Central Business Downtown. CB1 zoning allows for a maximum building height of 85’ and CB2 allows for 115’, while neither zoning classification has any setback, open space reserve (OSR) or floor to area ratio (FAR) requirements.
There are 8 vacant buildings across the parcels that were built between 1915 and 1980 – building sizes are listed on page 4 under Parcel Information.
Property Facts
| Price | $8,290,194 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Total Lot Size | 3.31 AC |
| No. Lots | 1 | ||
| Zoning | CB1 & CB2 | ||
| Price | $8,290,194 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 3.31 AC |
| Zoning | CB1 & CB2 |
1 Lot Available
Lot
| Price | $8,290,194 CAD | Lot Size | 3.31 AC |
| Price Per AC | $2,504,590.39 CAD |
| Price | $8,290,194 CAD |
| Price Per AC | $2,504,590.39 CAD |
| Lot Size | 3.31 AC |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $538,244 CAD | |
| Land Assessment | $676,230 CAD | Total Assessment | $1,214,474 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$676,230 CAD
Improvements Assessment
$538,244 CAD
Total Assessment
$1,214,474 CAD
Contacts
-
Josh Markiewicz, CCIM -
Tim Harrington -
Coldwell Banker Commercial Devonshire Realty
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234 S Neil St
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