505 E University Avenue Champaign, IL $ 3,000,000
505 E University Avenue
$ 3,000,000
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505 E University Avenue

Champaign, IL, 61820
$ 3,000,000
Bedrooms-- Baths-- Sq 13,050
505 E University Avenue, Champaign, IL 61820 - Image 1
505 E University Avenue, Champaign, IL 61820 - Image 2
505 E University Avenue, Champaign, IL 61820 - Image 3
505 E University Avenue, Champaign, IL 61820 - Image 4
505 E University Avenue, Champaign, IL 61820 - Image 5
505 E University Avenue, Champaign, IL 61820 - Image 6
505 E University Avenue, Champaign, IL 61820 - Image 7
505 E University Avenue, Champaign, IL 61820 - Image 8
505 E University Avenue, Champaign, IL 61820 - Image 9
505 E University Avenue, Champaign, IL 61820 - Image 10

Property for Rent in Champaign, IL

for $3,000,000. This 13,050 square foot property was built on a lot size of 0.212833.

Located at 505-507 E. University Avenue in Champaign, Illinois, this versatile 3,600-square-foot multi-tenant building presents a prime investment opportunity. The property is currently occupied by a liquor store, an international fast-food restaurant, and a therapy center, offering an attractive mix of tenants that appeal to a broad customer base. The available space is delivered in vanilla box condition, allowing future tenants to customize the interior to suit their operational needs. The site offers excellent visibility along University Avenue, one of the busiest east-west thoroughfares in the area, providing outstanding exposure and consistent vehicle and pedestrian traffic. Ample on-site parking enhances accessibility for both tenants and customers, making it a convenient destination for retail, service, or professional office users. Additionally, the property's location near the University of Illinois campus, Carle Foundation Hospital, and OSF Heart of Mary Medical Center further bolsters its appeal by attracting a diverse population of students, medical professionals, and visitors. With a CG - Commercial General zoning designation, this property supports a wide range of commercial uses. Its central location in a densely populated area surrounded by businesses and residential neighborhoods makes it an ideal opportunity for both owner-users and investors looking to capitalize on Champaign's strong economic and demographic growth.

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Rental Active

Price

$ 3,000,000

Taxes

$ 30,921

Style

Retail

Lot Size

0.212833

Town/City

Champaign

County/Region

Champaign

MLS | Web ID

12402207

Features
General
Cooling Central Air Zoned
Possession Closing
Zoning COMMR
Year Built 0
Electric Separate Meters
Tenant Pays Air Conditioning Common Area Maintenance Electricity Heat Taxes Repairs Sewer
Stories Count 1
Township Champaign
Tax Year 2023
Current Use Commercial
Business Type Retail
County Champaign
Net Operating Income 180540
Operating Expense 59207
Insurance Expense 3408
Property Type Commercial Sale Retail/Stores
Status Active
Directions Corner of University Ave and 6 Street just 1 block from the University Of Illinois Campus.
City Champaign
Number Of Units Total 5
MLS Area Champaign Savoy
Lot Size Square Feet 9271
Tax Annual Amount 30921
Electric Expense 7235
Trash Expense 174
Water Sewer Expense 1934
Additional Parcels Y/N Y
Leasable Area 13050
Lease Type N/A
Standard Status Active
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Exterior
Building Area Total 13050
Lot Dimensions 264 X 132
Frontage Type City Street Paved
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* Excluded Features
List By
The Real Estate Group,Inc

Broker

carol@sellinghomes24-7.com

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/30/2025$3,000,000 Listed Price

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505 E University Avenue, Champaign, IL, 61820 is a Property for Rent at $3,000,000 with 13,050 sqft and a lot size of 0.212833. The property's zip code is 61820 which is in Champaign, IL