Downtown Office Available for Sale or Lease

201 W University Ave, Champaign, IL 61820

  • For Lease $14.00/SF/YR
  • Property Type Office - General Office
  • Property Size 29,615 SF
  • Units 3
  • Lot Size 0.8 Acre
  • Additional Rent Contact for pricing
  • Building Class A
  • Date Updated Nov 1, 2024
Located near downtown Champaign and the University of Illinois at Urbana-Champaign campus that boasts world-class research facilities and a diverse pool of talent. Quick access to I-74, I-57, I-72 and the Illinois Terminal. The surrounding area of the property offers convenient access to a mix of dining, entertainment, and retail options, and employers like Christie Clinic, Busey Bank and others.Introducing a prime investment opportunity at 201 W University Ave, Champaign, IL. This 29,615 SF Class A office building is anchored by JPMorgan Chase Bank with 13,000 SF of quality office space available, making it an ideal choice for an investor or owner-occupant. Chase Bank is a full service bank with drive-thru that operates mainly out of the first floor, occupying a total of 14,554 SF. They are currently in a 20-year gross lease that runs through 2027 with four, ten-year renewal option periods. Per the agreement, Chase Bank covers heir proportionate share of the increases in RE Taxes, operating expenses and utilities over and beyond the base year rates. Approximately 10,000 SF is open on the second floor for an owner to occupy or for an office user looking for high quality office space. There is also approximately 3,000 SF available on the lower level of quality office space that offers a unique design allowing for full floor to ceiling windows and ample natural light. 201 University has been updated throughout the years and presents a compelling combination of location, size, and potential, making it a significant asset for investors seeking to expand their commercial real estate portfolio.Available for lease at 201 University is approximately 10,000 SF on the second floor and 3,000 SF on the lower level. This space could be leased in total with elevator access to both locations. It could also be subdivided to meet your space needs. The second floor opens up to a welcoming reception off the elevator. It boasts multiple private offices, a large conference room in the middle of the space that could be a natural spot to divide the space, if needed, and two sets of private bathrooms including one half bath en suite on a corner office. The lower level provides 3,000 SF of office and open work space. There is access to floor to ceiling windows giving ample natural light to the space - a rare find in lower level office layouts. The leasable space at 201 University is being offered at $14/SF NNN.

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Attachments

Spaces Available

Contacts

broker

Jerry Ramshaw

Ramshaw Real Estate

Location

Getting Around

  • Walk Score ®

    94/100 Walker's Paradise

  • Transit Score ®

    61/100 Good Transit

  • Bike Score ®

    88/100 Very Bikeable
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  • City Champaign, IL
  • Neighborhood West Central Champaign
  • Zip Code 61820

Points of Interest

  • Champaign-Urbana

    0.24 miles

  • Circle K

    0.56 miles

  • QuikTrip

    1.11 miles

  • ChargePoint

    1.12 miles

  • Shell

    1.16 miles

  • Mobil

    1.28 miles

  • Phillips 66

    1.37 miles

  • Tesla Supercharger

    2.21 miles

  • Laura Apartments Parking

    0.25 miles

  • Whitehall Apartments Garage

    0.26 miles

  • Main and Market

    0.27 miles

  • Walnut and Washington

    0.31 miles

  • North First Street Lot

    0.35 miles

  • Parkette 151

    0.67 miles

  • Parkette 154

    0.74 miles

  • Campus Center

    0.85 miles

  • Outpatient Dialysis Visitor Parking

    0.89 miles

  • C10

    0.93 miles

  • Hyatt Place

    0.16 miles

  • Champaign Garden Inn

    0.29 miles

  • TownePlace Suites

    0.86 miles

  • Hampton

    1.11 miles

  • Homewood Suites by Hilton Champaign-Urbana

    1.14 miles

  • Holiday Inn

    1.36 miles

  • Red Roof Inn Champaign - University

    1.36 miles

  • Baymont Champaign

    1.36 miles

  • Fairfield Inn & Suites Champaign

    1.40 miles

  • Courtyard Champaign

    1.43 miles

  • Hamilton Walker's

    0.14 miles

  • Peking Garden

    0.14 miles

  • Watson's Shack and Rail

    0.15 miles

  • Pizzeria Antica

    0.16 miles

  • Nando Milano

    0.16 miles

  • The Himalayan Chimney

    0.17 miles

  • Sam's Cafe

    0.17 miles

  • Guido's

    0.17 miles

  • Big Grove Tavern

    0.20 miles

  • Ko-Fusion

    0.21 miles

  • Holy Cross Church

    0.22 miles

  • Holy Cross School

    0.23 miles

  • ROE READY Program

    0.24 miles

  • Central High School

    0.36 miles

  • Edison Middle School

    0.37 miles

  • Stratton Elementary School

    0.60 miles

  • Marquette School

    0.62 miles

  • Pavilion Foundation School

    0.64 miles

  • Southside Elementary School

    0.73 miles

  • Columbia School

    0.75 miles

  • Don Moyer Boys & Girls Club

    0.48 miles

  • The Caring Place

    1.43 miles

  • Cooperative Nursery School

    1.66 miles

  • FIRST Kids

    2.09 miles

  • La Petite Academy

    2.21 miles

  • Next Generation Early Education

    2.51 miles

  • Next Generation Preschool

    2.59 miles

  • Little Hearts and Hands, Inc.

    3.81 miles

  • First School

    8.85 miles

Frequently Asked Questions

How much does office space cost at Downtown Office Available for Sale or Lease?

The average price for office space at Downtown Office Available for Sale or Lease is $14.00/SF/YR. The cost of leasing office space can depend on the position of the space within the building, the location of the property, the quality rating, amenities on-site or nearby, as well as if the office space you are looking at comes with attributes that are unique to it.

What office space is available at Downtown Office Available for Sale or Lease?

In total, there are 10,000 square feet of office space for rent at Downtown Office Available for Sale or Lease. Availability at this location includes office. If you are interested in finding out more, you can easily reach out to schedule a tour using the contact form at the top of this page.

Can I find office space for a small business at Downtown Office Available for Sale or Lease?

Available office space at Downtown Office Available for Sale or Lease starts at 10,000 square feet. According to general recommendations of 75 to 150 square feet of office space per person, this can work for a minimum of 66 people. For detailed information on optimal divisible space options for your business needs, contact the listing broker to schedule a tour.

Can I find office space for a large business at Downtown Office Available for Sale or Lease?

Office space available at Downtown Office Available for Sale or Lease provides up to 10,000 square feet, which can accommodate a maximum of 133 people, according to recommendations of between 75 and 150 square feet of office space per person. For a better understanding of how this space could work for you, reach out to schedule a tour.

Is Downtown Office Available for Sale or Lease a good location for office space?

Downtown Office Available for Sale or Lease is located in the West Central Champaign neighborhood. Office space here is rated class A. Reach out to the leasing representative for more detailed information on the most modern facilities and amenities at the property.

Area amenities within half a mile of this location include 1 child care option(s), 5 educational institution(s), 10 restaurant or other dining establishment(s), 2 hotel, motel, or other accommodation.

Does Downtown Office Available for Sale or Lease have parking?

See listing location information regarding the nearest points of interest in the area. Contact the property representative for details on what the best vehicle access and parking options are near 201 W University Ave. For your consideration, Downtown Office Available for Sale or Lease is located within 0.5 miles of 5 parking option(s).

How do I lease office space at Downtown Office Available for Sale or Lease?

If you want to find out more about the lease terms and office space availability at Downtown Office Available for Sale or Lease, fill out the contact form to schedule a tour or reach out to the property representatives using the contact details provided here to ask for any additional information that you might be interested in.

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Contact Listing Broker

broker

Jerry Ramshaw

Ramshaw Real Estate

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