Property Listing No Longer Available for Sale

101 E. Springfield Ave, Champaign, IL

Others for Sale - $1,100,000 - 4,752 Sq. Ft. on 0.27 acres


Property Info

CIMLS#1161638
Location
  101 E. Springfield Ave
  Champaign IL 61820
UpdatedJune 20th, 2024
TypeOthers
Price$1,100,000
Building4,752 Sq. Ft.
Land0.27 acres

Property Description

Coldwell Banker Commercial Devonshire Realty (CBCDR) is pleased to exclusively offer the opportunity to acquire 101 E Springfield Avenue on the University of Illinois at Urbana-Champaign campus (the “Property”). The Property consists of a +/- 4,752 SF single-story retail building constructed in 1940 on a +/- 11,661 SF rectangular parcel that is approximately 177’ x 66’.

Originally built as a grocery store by the Eisner family, the building is mostly wide-open and has been home to the popular AM-KO Oriental Foods and Gifts since the mid-1990’s, who will be closing and vacating the Property by the end of July 2024.

101 E Springfield Avenue is ideally suited for a student housing developer and the CB1 zoning permits building heights up to 85’ high, with no requirements for open space reserves, floor-to-area ratio, or parking (multifamily buildings), and only a 15’ setback along public streets.


Financials



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