0 Clark StChampaign, IL 61820

Property Details for 0 Clark St

Property size (Sq ft)

1 SF

Property type

Retail properties

Property subtype

Land

Description

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.

Location Insight

City

Champaign

County

Champaign

State

Illinois

Latitude

40.1164

Longitude

-88.2387

FAQs

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