210 Walnut StChampaign, IL 61820

Property Details for 210 Walnut St

Property type

Investment properties

Property subtype

Live-work space

APN

422012481004

APU

422012481004

Description

This exceptional 28,662 square foot commercial land parcel in Champaign, Illinois, presents a rare development opportunity. Located at the intersection of Downtown, Midtown, and Campustown, this site benefits from a highly desirable CB2 Central Business Downtown zoning designation. This flexible zoning allows for a maximum building height of 115 feet, with no setback, open space reserve (OSR), or floor-to-area ratio (FAR) restrictions. The property comprises four parcels and includes three existing vacant buildings constructed between 1915 and 1965. Its strategic location offers easy access via major thoroughfares, including Neil Street and Springfield Avenue, and proximity to the Illinois Terminal. The University of Illinois, with its substantial student and faculty population, is also nearby. This location is within a Tax Increment Financing (TIF) District and Enterprise Zone, adding further investment appeal. The potential for expansion exists through the assembly of additional parcels, creating an even larger development footprint. This is a unique chance to acquire a significant development site in a high-demand area with exceptional zoning flexibility. The asking price for this remarkable property is $1,900,000.

Location Insight

City

Champaign

County

Champaign

State

Illinois

Latitude

40.1148

Longitude

-88.2429

CBSA code

16580

CBSA name

CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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