234 S Neil St - Commercial LAND FOR SALE


Champaign, IL 61820- Downtown Champaign144,184 SF
$5,950,000 USD
217-403-3424
234 S Neil St, Champaign, IL for Sale
$5,950,000 USD
Commercial LAND - FOR SALE
1/3
144,184 SF

234 S Neil St
Champaign, IL 61820
Downtown Champaign


HIGHLIGHTS

  • Downtown
  • Neil
  • Springfield

OVERVIEW

Coldwell Banker Commercial Devonshire Realty (CBCDR) is proud to exclusively offer for sale an incredible opportunity to acquire approximately 3.307 acres of prime development land located in Champaign, Illinois at the convergence of Downtown, Midtown and Campustown. This is truly a unique opportunity to acquire a large development site in a dense location with flexible zoning, and it may be possible for a buyer to assemble additional parcels to create an even larger development site. The property consists of 10 parcels totaling approximately 144,053 SF (3.307 acres) and the site is mixed-zoned CB1 – Central Business Urban Fringe and CB2 – Central Business Downtown. CB1 zoning allows for a maximum building height of 85’ and CB2 allows for 115’, while neither zoning classification has any setback, open space reserve (OSR) or floor to area ratio (FAR) requirements. There are 8 vacant buildings across the parcels that were built between 1915 and 1980 – building sizes are listed on page 4 under Parcel Information.

FOR SALE DETAILS

PRICE

$5,950,000 USD

PRICE/ACRE

$1,797,583/AC

PRICE/SF

$41 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

-

LAND ACRES

3.31 AC

LAND SF

144,184 SF

OFFSITE IMPROVEMENTS

-

ZONING

CB1 & CB2

APN/PARCEL ID

42-20-12-481-001,42-20-12-481-002,42-20-12-481-003,42-20-12-481-004,42-20-12-482-002,42-20-12-482-003,42-20-12-486-001,42-20-12-486-007,42-20-12-486-008,42-20-12-486-013

ASK ABOUT THIS PROPERTY

Josh Markiewicz, CCIMColdwell Banker Commercial Devonshire RealtyMore Info
217-403-3424

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Josh Markiewicz, CCIMColdwell Banker Commercial Devonshire RealtyMore Info
217-403-3424

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