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 | |
Updated | June 20th, 2024 |
Type | Others |
Price | $1,100,000 |
Building | 4,752 Sq. Ft. |
Land | 0.27 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.