Property for Sale: 41 E. University, Champaign, IL 61820

$3,850,000
$3,850,000
41 E. University, Champaign, IL 61820
$3,850,000
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Price:
$3,850,000

Type Commercial
Year Built 1913

City Champaign
County Champaign

MLS 12212107
Status Active
Historic Illinois Traction Building in the heart of Downtown Champaign offers high visibility and high traffic count. Built in 1913, the building was designed by architect Joseph Royer in the Contemporary Commercial Style featuring large windows on all sides allowing for natural light and city views! The building originally housed the railway's offices and served as the Champaign interurban station until 1936. It later housed the offices of the Illinois Power Company, which descended from the Illinois Traction System. The building was added to the National Register of Historic Places in 2006. This property is a rare offering for a stand alone building with its perfect blend of retail, residential, and office space plus off street parking. The West side has outdoor paved space currently being utilized for off street parking however with its in-place access to the 1st floor of the building this space could be transformed into outdoor patio and/or dining areas. With the high traffic of University Avenue an outdoor patio/dining space can show off your business and increase customer awareness. Across Market street to the east is the Illinois Terminal hub which is a consolidated terminal hosting a major transfer point for local mass transit service, inter-city bus service, and Amtrak passenger service. This location also provides easy access to the University of Illinois with over 55,000 students. Downtown Champaign offers a variety of sought out restaurants, microbreweries, and pubs plus a vibrant cultural and arts scene. Throughout Downtown you will find mixed use properties and multi-family developments creating a significant residential population that combines with a strong daytime employment creating a strong customer and client base for any business.

Lot & Building Features

Construction Brick, Stone, Steel Siding, Concrete
Cooling Central Air
Tax Year 2023
Lot Dimensions 80 X 157 X 76 X 131 ft

Price History of 41 E. University, Champaign, IL

Date Name Price Difference
12/31/1969 Listing Price $3,850,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of Denise Amraen, ePRO
Direct: 708-237-7778
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by WARD & ASSOCIATES, Debby Auble
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20%
1%
6.75%
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41 E. University (MLS #12212107) is a commercial listing located in Champaign, IL. This property was listed on 12/12/2024 and has been priced for sale at $3,850,000.

Nearby zip codes are 61801, 61802, 61821, 61822 and 61853. This property neighbors other cities such as Mahomet, Savoy and Urbana.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: WARD & ASSOCIATES