For Sale
$770,140

3108 Duncan Rd Champaign, IL 61822

4.42 Acres, Champaign, IL - Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional 4.42-acre parcel presents a rare development opportunity in southwest Champaign, Illinois. Situated on South Duncan Road, this property is one of the last undeveloped tracts along this desirable corridor, north of Curtis Road. Currently zoned AG-2, the land offers significant potential, given the adjacent properties' Single Family 1 and Multi Family 1 zoning in the nearby Cherry Hills subdivision. The property includes an existing single-family rental home, providing immediate income generation while development plans are underway. Utilities, including gas, electric, and water, are readily available on-site. While currently utilizing a septic system, sanitary sewer access is conveniently located along Duncan Road. The location boasts excellent accessibility, approximately half a mile from Curtis Road, a major arterial connecting to Interstate 57 and Neil Street. This strategic position places the property within two miles of Carle at the Fields and the Village at the Crossing, enhancing its appeal. High traffic counts are a significant advantage, with an average of 8,600 vehicles daily at the Curtis Road/Duncan Road intersection and 4,700 vehicles passing directly in front of the property. The asking price is $770,140, and the property is offered fee simple. The existing rental lease expires July 29, 2025. The APN is 03-20-27-300-013.

Highlights

  • Rare development opportunity on Duncan Road.
  • Adjacent SF1 and MF1 zoning allows for flexibility.
  • Utilities readily available on-site.
  • Existing tenant provides immediate income stream.
  • High traffic counts ensure strong visibility.

Property Details for 3108 Duncan Rd

Property type
Land
Lot Size (sq. ft)
192,535 SF

Location Insight

City
Champaign
County
Champaign
State
Illinois
Latitude
40.074612598499
Longitude
-88.295132637731

FAQs

What type of property is this?
Land - 4.42 Acres, Champaign, IL - Investment Opportunity
Where is the land located?
The property is located at 3108 Duncan Rd Champaign, IL.
What is the asking price?
The asking price for this property is $770,140.
What are key features of this property?
This property features: Rare development opportunity on Duncan Road.; Adjacent SF1 and MF1 zoning allows for flexibility.; Utilities readily available on-site.
How can I contact the broker?
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3108 Duncan Rd
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