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35 W Olympian Dr 35.47 Acres of Commercial Land Offered at $1,914,640 CAD in Champaign, IL 61822
Investment Highlights
- Prime corner location with over 2,100 feet of public road frontage
- High traffic counts support strong visibility and access
- Near major retailers, restaurants, and apartment communities
- Zoned MF1 with surrounding commercial and residential uses
- Utilities nearby: electric and gas via Ameren
- Offered fee simple with no existing structures on site
Executive Summary
Positioned at the high-visibility intersection of Olympian Drive and Market Street in north Champaign, this 35.47-acre development site offers a rare opportunity in one of the region’s fastest-growing corridors. Zoned MF1 for multi-family use, the parcel is surrounded by a dynamic mix of commercial and residential developments, making it ideal for a range of housing or mixed-use projects.
The site benefits from strong traffic counts—6,150 AADT on Market Street and 3,450 AADT on Olympian Drive—ensuring excellent exposure for future development. Just one mile south lies Market Place Mall, anchoring a retail-rich environment that includes national brands such as Costco, Meijer, Chick-fil-A, Best Buy, and Kohl’s. Residential communities like Nantucket Cove and Baytown Apartments are also nearby, reinforcing the area’s appeal for multifamily expansion.
With public road frontage and utilities (electric and gas) nearby, the land is primed for development. The parcel is currently used for grain farming and is offered fee simple. Its location within an unincorporated area of Champaign County may offer flexibility in planning and entitlements.
The site benefits from strong traffic counts—6,150 AADT on Market Street and 3,450 AADT on Olympian Drive—ensuring excellent exposure for future development. Just one mile south lies Market Place Mall, anchoring a retail-rich environment that includes national brands such as Costco, Meijer, Chick-fil-A, Best Buy, and Kohl’s. Residential communities like Nantucket Cove and Baytown Apartments are also nearby, reinforcing the area’s appeal for multifamily expansion.
With public road frontage and utilities (electric and gas) nearby, the land is primed for development. The parcel is currently used for grain farming and is offered fee simple. Its location within an unincorporated area of Champaign County may offer flexibility in planning and entitlements.
Property Facts
| Price | $1,914,640 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 35.47 AC |
| Property Type | Land | ||
| Zoning | MF1 - Multi-family | ||
| Price | $1,914,640 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 35.47 AC |
| Zoning | MF1 - Multi-family |
1 Lot Available
Lot
| Price | $1,914,640 CAD | Lot Size | 35.47 AC |
| Price Per AC | $53,979.14 CAD |
| Price | $1,914,640 CAD |
| Price Per AC | $53,979.14 CAD |
| Lot Size | 35.47 AC |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 41-14-36-200-007 | Improvements Assessment | $0 CAD |
| Land Assessment | $40,343 CAD | Total Assessment | $40,343 CAD |
Property Taxes
Parcel Number
41-14-36-200-007
Land Assessment
$40,343 CAD
Improvements Assessment
$0 CAD
Total Assessment
$40,343 CAD
Contact
-
Jeremy Brandow -
Coldwell Banker Real Estate Group
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35 W Olympian Dr
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