1 month on rocket

202-206 E University Ave, Champaign, IL, 61820

$1,275,000

0.60 Acres
Land

Location

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Property Highlights

Home TypeVacant Land
MLS #12214081
Lot Size0.60 Acres
StatusActive

About 202-206 E University Ave

The site consists of three contiguous lots. The combined parcel measures 198' x 132' and contains 26,136 square feet. It is zoned CB, Central Business. The subject is a legally conforming use of the CB classification. Al public utilities serve the site. The CB Central Business district is designed for high density retail, service, and office development, mixed with housing, parking, and institutional uses. The floor area ratio in this classification is the highest density allowed by the ordinance. On-site parking is not necessary for individual businesses, with allowable uses including public/quasi-public uses, personal service, clinic, office, a broad cross section of retailers, as well as multi- family as long as they are developed above the first floor. Standard requirements show no minimum lot size, and a maximum FAR of 9.00. . The site size is considered adaptable for a broad cross section of the legally permitted uses, limiting only the scope of certain development. It lies on University Avenue, an east-west traffic artery for the city. The downtown area lies three blocks west, with the University of Illinois campus directly south of the subject. A mix of office, residential and retail uses dominate along University Avenue. Champaign and Urbana are twin cities centered in Champaign County in East Central Illinois. They are surrounded by some of the most productive farmland in the world and offer easy access to major cities. Three Interstate Highways (I-57, I-72 and 1-74) link the communities in the county with other roadways to provide access to all parts of the nation. Greyhound and Illini Swallow bus lines provide service nationwide. The Champaign- Urbana Mass Transit District (MTD) was twice named the Best Transit System (for its size) by the American Public Transit. Taxi cab service is available from private companies. Several shuttles are also available from Champaign to the Chicago area. Both Amtrak passenger and freight rail transportation are available. Air transportation is available at the University of Illinois Willard Airport in Savoy, south of Champaign. Willard has a modern terminal with daily regional jet flights available. Private charter and freight services are also available. Frasca Airport is a smaller, privately owned airport located along Route 45 in Urbana. The area's strong, stable economic base is sustained by the University of Illinois. Also included among the largest non-manufacturing employers are Carle Hospital & Clinic, Presence Covenant Medical Center, Parkland College, Christie Clinic, local school districts, and government offices. Both Carle and Christie have expexpanded their locations to include southeast Urbana and southwest Champaign. Agricultural land use dominates the county, with the trend toward fewer but larger farms. Local industry is dominated by food service, high technology and research employers. The major industrial employers in the area include Kraft Foods, Super Valu, Solo Cup, Jeld-Wen, Horizon Hobby, Hobbico, and Plastipak. Two-thirds of al manufacturing jobs are involved in the production of non- durable goods, with food being the major product manufactured. Manufacturers in the automotive industry are also present due to the close proximity to the Mitsubishi plant in Bloomington, 60 miles west.The University of Illinois has been the dominant force in making Champaign-Urbana a high-tech area. The University has one of the few supercomputer bases ni the country. This has helped ot attract additional high-tech businesses. Blue Waters, the world's fastest supercomputer for open scientific research, contains 20,000 square feet and was constructed off St. Mary's Road in 2010.

Property Details

Property Features

Listing Office:

  • Office Name: Compass
  • Office Phone: (312) 319-1168
  • Listing Agent: Mariam Moeinzadeh

Lot Features

Lot Information:

  • Lot Size: 0.60 Acres

Other

Directions Information:

  • Directions: North corner of 2nd & University Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,275,000
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Housing Market Comparison

See how this home compares to others in Champaign, IL.

Med. Sold Price

$234.7K

Med. Price/SqFt

$147

Avg. Days On Market

25

# of Sold Homes

62

202-206 E University Ave vs Champaign

30 DAYS ON ROCKET

+5 Days

$1,275,000

+$1.0M More

KEY TAKEAWAY

This property is $1.0M more than the Median Sold Price in Champaign, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #12214081

Listing Office:

  • Office Name: Compass
  • Office Phone: (312) 319-1168
  • Listing Agent: Mariam Moeinzadeh

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The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

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Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/20/2024, 11:46:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-652791
5
/10
  • Stratton Elementary School

  • 902 N Randolph St

  • 0.64 miles

  • Public District Grades KG-5

school-card-donut-652792
3
/10
  • Washington Elementary School

  • 606 E Grove St

  • 0.82 miles

  • Public District Grades KG-5

school-card-donut-652793
5
/10
  • South Side Elementary School

  • 715 S New St

  • 0.90 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $27,764. The most common annual income of people living in Champaign, IL is less than $35k. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Living In Champaign, IL

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Champaign, IL?

Champaign, Illinois, offers a diverse housing market with a mix of architectural styles that cater to a range of preferences. The housing landscape is predominantly composed of single-family homes, which make up a significant portion of the market. These homes feature a blend of contemporary, ranch, and bungalow styles, reflecting the city's architectural evolution. Apartments and condominiums are also available, particularly in areas closer to the University of Illinois campus, providing options for students and professionals alike. The homeownership rate in Champaign is robust, with a healthy balance between owners and renters within the community.

Is Champaign, IL a good place to live?

Champaign is celebrated for its vibrant college-town atmosphere, enriched by the presence of the University of Illinois. The community prides itself on a blend of academic influence and Midwestern charm, offering a variety of cultural and sporting events that draw both residents and visitors. The city's character is further defined by its array of parks and recreational facilities, which contribute to a lively and active lifestyle for its inhabitants.

Are things conveniently located in Champaign, IL?

The community benefits from a solid educational system, with numerous public and private schools serving the area, alongside the prestigious University of Illinois. Champaign is equipped with healthcare facilities that include a regional hospital and various clinics offering specialized services. The city's public library system supports lifelong learning and community engagement. Retail and dining experiences in Champaign reflect the local culture, with a mix of national chains and unique local establishments that cater to a diverse population.

What does the transportation in Champaign, IL look like?

Champaign's transport infrastructure is designed to accommodate both private and public transit options. The city's bus system provides residents with reliable transportation, with schedules that cater to peak university and work hours. While specific ride-sharing statistics are not mentioned, such services are commonly used within the city. Champaign boasts a network of roads and highways that facilitate commuting, with Interstate 57 and Interstate 74 being major conduits for travel. The city is also committed to improving walkability and bikeability, with ongoing efforts to enhance the safety and convenience of these eco-friendly modes of transport.

Frequently Asked Questions About 202-206 E University Ave

What is the listing price of this property?

The listing price of 202-206 E University Ave property is $1,275,000.

What type of property is this?

The property 202-206 E University Ave is land located in Champaign, Illinois, 61820.

Is this property for sale now?

Active Listing: 202-206 E University Ave is For Sale (Active/New) which means the seller is accepting offers.

How much acreage is this property?

The property 202-206 E University Ave is 0.60 acres.
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Rocket HomesIllinoisChampaign CountyChampaign61820202-206 E University Ave

This home is located at 202-206 E University Ave in Champaign, IL and zip code 61820. This home sits on a 0.60 acre lot. It has been listed on Rocket Homes since November 20, 2024 and is currently priced at $1,275,000.

In November 2024 more than 22 listings in Champaign, IL were sold above the asking price. During the same period more than 10 listings were sold at asking price, while more than 30 were sold below. The inventory of homes for sale in Champaign, IL between October 2024 and November 2024 decreased by 17.2%. In November 2024 median list price was $234,722 and the average listing age was 25 days.

From Rocket Homes Real Estate and based on county public records data.

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