N Neil St & Interstate Dr, Champaign, IL

Land for Sale - $1,672,050


Agent Info

AJ Thoma III, CCIM, SIOR
Coldwell Banker Commercial Devonshire Realty

Property Info

CIMLS#1071515
Location
  N Neil St & Interstate Dr
  Champaign IL 61822
UpdatedOctober 22nd, 2020
TypeLand
Price$1,672,050

Property Description

Ashland South Multi-Family land is one of the last remaining large Multi-Family tracts available in the heart of Champaign’s retail corridor. Currently Lots 1 & 2 are available for sale and are shovel ready. Lot 1 is a 2.947 Acre lot that has frontage on Interstate Dr & Toalson Lane (entrance to Ashland Park). Lot 2 is a 9.848 Acre lot that has frontage on Interstate Dr., Toalson Lane, and Neil St. (to be completed). The properties are currently zoned MF1, Multifamily Low Density District which provides for low density multifamily dwellings which The multifamily buildings are generally low-rise, lower density apartments of two (2) to three (3) stories. Open space and recreational amenities should be provided for residents. The MF1 District is appropriate next to areas with low density single-family development patterns and may serve as a transitional use. Density is controlled by the floor area ratio and open space ratio. The average density will range from twelve (12) to thirty (30) units per acre.

The Atkins Group (TAG) is prepared to sell lots, pursue tenant improvements, or offer build-to-suite (BTS) solutions for companies of all sizes.


Financials



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