61 East University Avenue is a 12,000 square foot lot (~.28 acres) with approximately 170' of exposure on University Avenue, the main artery between Downtown, Champaign and the University of Illinois campus less than a mile due East. The property experiences over 11,000 vehicle-per-day exposure.
The property is located immediately adjacent to the Illinois Terminal building, main hub of and home to Champaign-Urbana's award-winning mass transit district, as well as Amtrak rail service and regional and national ground transportation.
61 East University Avenue is the closest property between the University of Illinois campus and all of the downtown, Champaign attractions. This new hot-spot anchors the east end of Downtown, Champaign and the University Avenue corridor.
61 E. University is immediately adjacent to the proposed "Yards" development in downtown, Champaign. The Yards is being planned to include a 175-room hotel, convention space for up to 1,000 people, 100-plus apartments, 154,000 square feet of retail and office space, a 5,000-seat multipurpose arena that could potentially house a Division I Illinois hockey program.
The property is currently leased to a long-term tenant under favorable terms. The current lease ends March 2019. Also included are two income-producing outdoor billboard locations.
61 E. University is offered at $499,999. For additional information, contact us at 217-649-0761 or email firstname.lastname@example.org