Downtown Office Available for Sale or Lease

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.