35 W Olympian Dr - Commercial LAND FOR SALE


Champaign, IL 61822 1,545,073 SF
$1,400,000 USD
35 W Olympian Dr, Champaign, IL for Sale
$1,400,000 USD
Commercial LAND - FOR SALE
1/4
1,545,073 SF

35 W Olympian Dr
Champaign, IL 61822


HIGHLIGHTS

  • Prime corner location with over 2,100 feet of public road frontage
  • Zoned MF1 with surrounding commercial and residential uses
  • High traffic counts support strong visibility and access
  • Utilities nearby: electric and gas via Ameren
  • Near major retailers, restaurants, and apartment communities
  • Offered fee simple with no existing structures on site

OVERVIEW

Positioned at the high-visibility intersection of Olympian Drive and Market Street in north Champaign, this 35.47-acre development site offers a rare opportunity in one of the region’s fastest-growing corridors. Zoned MF1 for multi-family use, the parcel is surrounded by a dynamic mix of commercial and residential developments, making it ideal for a range of housing or mixed-use projects. The site benefits from strong traffic counts—6,150 AADT on Market Street and 3,450 AADT on Olympian Drive—ensuring excellent exposure for future development. Just one mile south lies Market Place Mall, anchoring a retail-rich environment that includes national brands such as Costco, Meijer, Chick-fil-A, Best Buy, and Kohl’s. Residential communities like Nantucket Cove and Baytown Apartments are also nearby, reinforcing the area’s appeal for multifamily expansion. With public road frontage and utilities (electric and gas) nearby, the land is primed for development. The parcel is currently used for grain farming and is offered fee simple. Its location within an unincorporated area of Champaign County may offer flexibility in planning and entitlements.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/ACRE

$39,470/AC

PRICE/SF

$0.91 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial

LAND ACRES

35.47 AC

LAND SF

1,545,073 SF

OFFSITE IMPROVEMENTS

-

ZONING

MF1

APN/PARCEL ID

41-14-36-200-007

ASK ABOUT THIS PROPERTY

Jeremy BrandowColdwell Banker Real Estate GroupMore Info

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Jeremy BrandowColdwell Banker Real Estate GroupMore Info

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