505 E University Ave - Storefront Retail/Office FOR SALE


Champaign, IL 61820- Downtown Champaign
$3,000,000 USD
217-369-6643
505 E University Ave, Champaign, IL for Sale
$3,000,000 USD
Storefront Retail/Office - FOR SALE
1/1
null | Request Cap Rate

505 E University Ave
Champaign, IL 61820
Downtown Champaign


HIGHLIGHTS

  • Prime Location
  • High Visibility
  • Strong Demographics & Growth
  • Walking distance to University of Illinois campus

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$833 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

High-Visibility Multi-Tenant Retail Property

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

CG

APN/PARCEL ID

46-21-07-380-003,46-21-07-380-004,46-21-07-380-005

ASK ABOUT THIS PROPERTY

Jay SikorskiColdwell Banker Commercial Devonshire RealtyMore Info
217-369-6643

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Jay SikorskiColdwell Banker Commercial Devonshire RealtyMore Info
217-369-6643

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