Homes for sale - 41 E. University Avenue, Champaign, IL 61820

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Rich Ayers

rich@ayersteam.com +1(630) 430-5927

Listed by Debby Auble • WARD & ASSOCIATES

$3,850,000

Est. payment - /mo

22,052 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 22,052 sqft

Price per Sqft $174

MLS Listing ID 12212107

Year Built 1913

Annual Tax Amount $33,098

Tax Year 2023

Lot Dimensions 80 X 157 X 76 X 131

Property Sub-Type Mixed Use

Property Description

Historic Illinois Traction Building in the heart of Downtown Champaign offers high visibility and high traffic count. Built in 1913, the building was designed by architect Joseph Royer in the Contemporary Commercial Style featuring large windows on all sides allowing for natural light and city views! The building originally housed the railway's offices and served as the Champaign interurban station until 1936. It later housed the offices of the Illinois Power Company, which descended from the Illinois Traction System. The building was added to the National Register of Historic Places in 2006. This property is a rare offering for a stand alone building with its perfect blend of retail, residential, and office space plus off street parking. The West side has outdoor paved space currently being utilized for off street parking however with its in-place access to the 1st floor of the building this space could be transformed into outdoor patio and/or dining areas. With the high traffic of University Avenue an outdoor patio/dining space can show off your business and increase customer awareness. Across Market street to the east is the Illinois Terminal hub which is a consolidated terminal hosting a major transfer point for local mass transit service, inter-city bus service, and Amtrak passenger service. This location also provides easy access to the University of Illinois with over 55,000 students. Downtown Champaign offers a variety of sought out restaurants, microbreweries, and pubs plus a vibrant cultural and arts scene. Throughout Downtown you will find mixed use properties and multi-family developments creating a significant residential population that combines with a strong daytime employment creating a strong customer and client base for any business.

Location

State IL

County Champaign

Zoning COMMR

Interior

Cooling Central Air

Flooring Carpet, Concrete, Tile, Varies, Vinyl, Wood

Fireplace N

Exterior

Utilities Available Electricity Available, Natural Gas Available, Sewer Connected, Fiber

View Y/N true

Roof Type Membrane,Rubber

Building

Foundation Brick/Mortar, Concrete Perimeter

Water Municipal Water

Structure Type Brick,Concrete,Steel Siding,Stone,Glass

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Rich Ayers

+1(630) 430-5927

Team Lead | Realtor | License ID: 471.001732

Team Lead | Realtor License ID: 471.001732

41 E. University Avenue Champaign, IL 61820

Rich Ayers

Key Details

Location

Interior

Exterior

Building

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41 E. University Avenue

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