41 E. University Avenue Champaign, IL $ 3,850,000
41 E. University Avenue
$ 3,850,000
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41 E. University Avenue

Champaign, IL, 61820
$ 3,850,000
Bedrooms-- Baths-- Sq 22,052

Monthly Estimate*

$ 24,019

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Commercial Property for sale in Champaign, IL

for $3,850,000. This 22,052 square foot building was built in 1913 on a lot size of 0.288338.

Historic Illinois Traction Building in the heart of Downtown Champaign offers high visibility and high traffic count. Built in 1913, the building was designed by architect Joseph Royer in the Contemporary Commercial Style featuring large windows on all sides allowing for natural light and city views! The building originally housed the railway's offices and served as the Champaign interurban station until 1936. It later housed the offices of the Illinois Power Company, which descended from the Illinois Traction System. The building was added to the National Register of Historic Places in 2006. This property is a rare offering for a stand alone building with its perfect blend of retail, residential, and office space plus off street parking. The West side has outdoor paved space currently being utilized for off street parking however with its in-place access to the 1st floor of the building this space could be transformed into outdoor patio and/or dining areas. With the high traffic of University Avenue an outdoor patio/dining space can show off your business and increase customer awareness. Across Market street to the east is the Illinois Terminal hub which is a consolidated terminal hosting a major transfer point for local mass transit service, inter-city bus service, and Amtrak passenger service. This location also provides easy access to the University of Illinois with over 55,000 students. Downtown Champaign offers a variety of sought out restaurants, microbreweries, and pubs plus a vibrant cultural and arts scene. Throughout Downtown you will find mixed use properties and multi-family developments creating a significant residential population that combines with a strong daytime employment creating a strong customer and client base for any business.

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Commercial Active

Price

$ 3,850,000

Property Type

Commercial

Taxes

$ 35,143

Style

Commercial,Office

Lot Size

0.288338

Year Built

1913

Town/City

Champaign

County/Region

Champaign

MLS | Web ID

12212107

Features
General
Cooling Central Air
Utilities Electricity Available Natural Gas Available Sewer Connected Fiber
Possession Closing
Roof Membrane Rubber
Zoning COMMR
Construction Materials Brick Concrete Steel Siding Stone Glass
Year Built 1913
Electric Circuit Breakers Separate Meters Over 600 Amps Three Phase
Tenant Pays Air Conditioning Electricity Heat
Stories Count 3
Township Champaign
Property Subtype Mixed Use
Tax Year 2024
Current Use Commercial Office
Gross Income 246120
County Champaign
Net Operating Income 157279
Operating Expense 53698
Insurance Expense 13000
Property Type Commercial Sale Mixed Use
Possible Use Commercial Office Multi-Family Retail
Status Active
Directions University Ave SE corner of University and Market St.
City Champaign
Number Of Units Total 12
MLS Area Champaign Savoy
Lot Size Square Feet 12560
Tax Annual Amount 35143
Electric Expense 3000
Fuel Expense 0
Trash Expense 800
Water Sewer Expense 3000
Additional Parcels Y/N N
Standard Status Active
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Interior
Flooring Carpet Concrete Tile Varies Vinyl Wood
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Exterior
Water Source Municipal Water
Foundation Details Brick/Mortar Concrete Perimeter
Building Area Total 22052
Lot Dimensions 80 X 157 X 76 X 131
Frontage Type City Street Other
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* Excluded Features
List By
Ward & Associates

Broker

debbyauble@gmail.com

Email

Affordability Calculator

$26,948
Per Month
89%
11%
0%
Monthly Principal & Interest
$24,019
Monthly Property Taxes
$2,929
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/12/2024$3,850,000 Listed Price

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41 E. University Avenue, Champaign, IL, 61820 is a Commercial Property for sale at $3,850,000 with 22,052 sqft and a lot size of 0.288338. 41 E. University Avenue was built in 1913. The property's zip code is 61820 which is in Champaign, IL