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Clark St Champaign, IL 61820

University District Retail/Land Opportunity

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional development opportunity presents up to 2.26 acres of prime commercial land in Champaign, Illinois, situated on the corner of University Avenue and First Street. The property, encompassing multiple adjoining lots, occupies an entire city block between the University of Illinois Urbana-Champaign campus and downtown Champaign. Its strategic location offers unparalleled access to over 56,000 students at UIUC, a prestigious Big Ten university with a significant international student population. The site's proximity to both the campus and downtown Champaign caters to a diverse demographic, including graduate students, young professionals, and tech entrepreneurs. The property's adjacency to Boneyard Creek and its walking trails provides attractive green space and enhances its appeal. With its size and zoning (CB1), this location allows for substantial development potential, accommodating a variety of projects, such as multi-unit residential buildings targeting graduate students and young professionals, or high-end studio apartments to serve Champaign's growing tech sector. The property's location in the Midtown submarket, known for its strong studio apartment market, presents a unique opportunity to capitalize on the increasing demand for upscale housing in this thriving area. The "Silicon Prairie" nickname reflects Champaign's burgeoning tech scene, further enhancing the investment potential of this remarkable site. The property includes three available retail spaces. Lot sizes range from 0.11 to 0.94 acres.

Highlights

  • 1.32-acre commercial lot available in the East University Tif District, expandable to 2.25 acres.
  • CB1 (Central Business Urban Fringe) zoning.
  • Prime corner location at the edge of the University of Illinois campus.
  • Walkable to UIUC campus, downtown Champaign, and the Amtrak/Greyhound station.
  • Adjacent to Boneyard Creek Park and the vibrant off-campus entertainment district with numerous bars and restaurants.
  • Adjacent to Boneyard Creek Park and the off-campus entertainment district with numerous bars and restaurants.

Property Details for 0 Clark St

Property type
Retail properties, Land
RSF (Rentable sq. ft)
1 SF

Unit(s) available at that property

Space
Parcel B
Size
0 SF
Space
Parcel A
Size
0 SF
Space
Available Space
Size
0 SF

Location Insight

City
Champaign
County
Champaign
State
Illinois
Latitude
40.11639388
Longitude
-88.23872862

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FAQs

What type of property is this?
Retail property - University District Retail/Land Opportunity
Where is the retail property located?
The property is located at Clark St Champaign, IL.
What are key features of this property?
This property features: 1.32-acre commercial lot available in the East University Tif District, expandable to 2.25 acres.; CB1 (Central Business Urban Fringe) zoning.; Prime corner location at the edge of the University of Illinois campus.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
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Contacts

A. Rick Scardino
A. Rick Scardino
Michael E Petrik
Michael E Petrik
Visit Broker Website

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Useful Information

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Clark St
Champaign, IL 61820

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Clark St
Champaign, IL 61820

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

0 Clark St
  • A. Rick Scardino
    A. Rick Scardino
  • Michael E Petrik
    Michael E Petrik
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