214 Walnut St Champaign, IL 61820

This exceptional 0.67-acre commercial land parcel, located at 214 S Walnut St in Champaign, IL (zip code 61820), presents a rare development opportunity. Situated at the convergence of Downtown, Midtown, and Campustown, this property offers unparalleled access to a vibrant community with over 56,000 students and 15,000+ faculty and staff at the nearby University of Illinois. The site is zoned CB2 – Central Business Downtown, allowing for a maximum building height of 115 feet, with no setback, open space reserve (OSR), or floor-to-area ratio (FAR) requirements. The property includes two existing vacant buildings (built between 1945 and 1980) and benefits from its location within a Tax Increment Financing (TIF) District and Enterprise Zone. Its prime location is bordered by major thoroughfares: the Illinois Terminal to the north, Neil Street to the west, and Springfield Avenue to the south, ensuring excellent visibility and accessibility. The asking price for this 28,970 square foot lot is $2,100,000. This presents a unique chance to develop a significant project in a high-demand area.