Multiple Parcels Green St. to Springfield Ave.

Champaign, IL

Land for Sale - $6,900,000 - 88,715 Sq. Ft. on 49299.44 acres


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Agent Info

NameAlexander Ruggieri

Property Info

CIMLS #837516
LocationMultiple Parcels Green St. to Springfield Ave.
Champaign IL 61820
Last UpdatedNovember 15th, 2017
TypeLand
Price$6,900,000
Building88,715 Sq. Ft.
Land49299.44 acres
DemographicsView data

Contact


Property Description

Future Multi-Family Campus Development. With 3.88 acres of prime campus real estate opportunity this is one of the last large land assemblies on Green St. There's frontage on Green St. and on Springfield Ave. This property is nestled in between the RR and the Boneyard Creek retention basin. An Alta survey and environmental survey have been done. Champaign recently changed the Campus area zoning requirements. The new regulations allow greater improvement density and less parking. The University student population continues to grow at about 1% per year. Current enrollment is above 42,000. There are 3 existing buildings on site, two of which are on Green (retail/office) and the third on Springfield (restaurant/warehouse).

Location Description:

University of Illinois Campus. The property is located between two main east/west arterial streets in Champaign-Urbana. Home to the University of Illinois, Parkland College, and two major regional hospitals (Carle Foundation Hospital and Presence Covenant Hospital). Champaign County is a leader in education, health care, government, technology, industry, and agriculture. Champaign-Urbana, a Big Ten community and growing tech center, connects with Interstates 57, 72, and 74. Chicago is approximately 2 hours north; St. Louis is 3 hours southwest; and Indianapolis is 2 hours east.

Highlights:

>> 3.88 Acres On University of Illinois Campus

>> Last Large Assembly Of Land On Green St.

>> A Complete Due Diligence Package On File

>> Commercial Development

>> Multi-Family Investment

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Financials

Sales Info:

>> Commision split: 2.0%