115 S 1st St - Flex FOR SALE


Champaign, IL 61820- Midtown Champaign
$1,800,000 USD
312-337-1001
115 S 1st St, Champaign, IL for Sale
$1,800,000 USD
Flex - FOR SALE
1/8
null | Request Cap Rate

Jan '26


115 S 1st St
Champaign, IL 61820
Midtown Champaign


HIGHLIGHTS

  • High Demand Student and Residential Market
  • Flexible 13,216 SF Commercial Site
  • Established Retail Trade Area
  • Mixed-Use Development Potential
  • Walkable Transit-Connected District
  • High Visibility Corridor

OVERVIEW

Prime mixed-use development opportunity located one block from the University of Illinois Urbana Champaign. This 13,216 SF commercially zoned site sits within a walkable, transit-connected district linking campus, downtown, and nearby residential neighborhoods. Strong year-round demand is driven by more than 56,000 students, faculty, and staff, supported by 146,338 residents and 63,212 households within a 5-mile radius. The property is well-positioned for retail, restaurant, housing, or service-oriented redevelopment, reinforced by nearby national operators including Walgreens, Chase, Circle K, Subway, Jimmy John’s, OSF Healthcare, and County Market. High-visibility site with flexible development potential in a dynamic university market. Top potential uses include redevelopment, restaurant, parking, rental, and retail. Current tenants include Manzella and Byers Vacuum.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$136 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Manzella's

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C

APN/PARCEL ID

42-20-12-490-005

ASK ABOUT THIS PROPERTY

Troy BatesMatanky Realty GroupMore Info
312-337-1001

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Troy BatesMatanky Realty GroupMore Info
312-337-1001

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.