505 E University Ave

Champaign, IL 61820
  • $3,000,000

    Price
  • 0

    Bed
  • Bath
  • 13,050

    SqFt

About the Listing 95412 - 952201

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.

Listing Highlights for 505 E University Ave

Status Active
Days on Site 78
Property Type Commercial Sale
MLS ® 12402207
Year Built 0
Total Square Footage 13,050
Lot/Acreage 0.21

Interior Details

  • Bedrooms: 0
  • Bathrooms: Full
  • Appliances:
  • Air Cond: Central Air,Zoned
  • Heating: Forced Air,Gas
  • Fireplaces:
  • Floor:
  • Above Ground Sq Ft:
  • Below Ground Sq Ft: n/a
  • Basement:
  • Other:
  • Water:

Exterior Details

  • Garage Capacity: N/A
  • Lot Dimensions: 264 X 132
  • Zoning: COMMR
  • Roof:
  • Others:
  • Sewer:
  • Parking Features: 31-50 Spaces

Financial Details

  • Tax Amount: $30,921
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 462107380003
  • Tax Year: 2023

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505 E University Ave Champaign, IL 61820

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Originating MLS: mred

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