41 East University Avenue
$3,850,000
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Description
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...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.
- Listed by Debby Auble • WARD & ASSOCIATES
Property Details for 41 East University Avenue
Area
Champaign, Savoy
TownshipChampaign
ZoningCOMMR
LISTING UPDATED: 12/18/2024 12:07 AM
Property Details for 41 East University Avenue
Status | Active |
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MLS # | 12212107 |
Days on Market | 7 |
Taxes | $33,098 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial Sale |
Year Built | 1913 |
Lot Size | 0.29 AC / 12,560 SF |
County | Champaign County |
Building Information for 41 East University Avenue
Stories3Residences12Year Built1913Lot Size0.29 AC / 12,560 SF
Property Information for 41 East University Avenue
Property History for 41 East University Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 41 East University Avenue
Taxable ValueLand$59,490Additions$279,100Total$338,590
Tax Record2022$31,136 ($2,595 / month)
Home Facts
StyleMiscellaneous CommercialCountyCHAMPAIGNAPN422012479002
Schools near 41 East University Avenue
This home is within Champaign Community Unit School District 4.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 12 | |||
Public - | 9 to 12 | |||
Public - | K to 5 | |||
Public - | K to 5 |
Rating | School | Distance |
---|---|---|
Actions Program PublicK to 12 | ||
Central High School Public9 to 12 | ||
Carrie Busey Elementary School PublicK to 5 | ||
Vernon L Barkstall Elementary School PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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