STUDENT HOUSING DEVELOPMENT OPPORTUNITY

105 E Armory Ave, Champaign, IL 61820

  • For Sale $2,000,000
  • Property Type VacantLand
  • Lot Size 13,378 SF
  • Additional Rent Contact for pricing
  • Date Updated Nov 10, 2024
  • Website www.cbcworldwide.com
Coldwell Banker Commercial Devonshire Realty (CBCDR) is pleased to exclusively offer the opportunity to acquire 105 E Armory Avenue on the University of Illinois at Urbana-Champaign campus (the “Property”). The Property consists of a +/- 13,378 SF rectangular parcel that is approximately 138’ x 96’. 105 E Armory Avenue is ideally suited for a student housing developer or fraternity / sorority and the MFUniv zoning permits building heights up to 75’ high, with no requirements for open space reserves, floor-to-area ratio, or parking for multifamily buildings (1 space per 4 peds for fraternity / sorority), and only minimal setbacks of 10’ in the front yard and 5’ in the side and rear yards. Additionally, the Property is located within a Qualified Opportunity Zone (QOZ), established under the 2017 Tax Cuts and Jobs Act to encourage economic investment through preferential tax treatment for capital gains.

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Attachments

Highlights

  • This prime location on the University of Illinois campus, with 56,403 students, offers an exceptional opportunity for a student housing developer. The Property is prominently positioned at the southwest corner of Armory Avenue and Second Street, just 0.55 miles southwest of the Main Quad, 0.35 miles north of Memorial Stadium and four blocks south of Green Street, ensuring easy walking access to academic buildings, and popular campus bars and restaurants.

Contacts

broker

Joshua Markiewicz

Coldwell Banker Commercial Devonshire Realty

Location

Getting Around

  • Walk Score ®

    79/100 Very Walkable
  • Transit Score ®

    63/100 Good Transit
  • Bike Score ®

    96/100 Biker's Paradise
Powered by Walk Score ®
  • City Champaign, IL
  • Neighborhood In Town
  • Zip Code 61820

Points of Interest

  • Champaign-Urbana

    0.76 miles

  • Circle K

    0.34 miles

  • ChargePoint

    1.02 miles

  • Marathon

    1.77 miles

  • Mobil

    1.89 miles

  • QuikTrip

    1.90 miles

  • Shell

    2.02 miles

  • Tesla Supercharger

    3.07 miles

  • Parkette 154

    0.15 miles

  • Parkette 151

    0.23 miles

  • Weston Parking lot

    0.23 miles

  • E12

    0.30 miles

  • E18

    0.36 miles

  • C9

    0.36 miles

  • C10

    0.40 miles

  • E3

    0.43 miles

  • E19

    0.44 miles

  • C7

    0.46 miles

  • TownePlace Suites

    0.53 miles

  • Homewood Suites by Hilton Champaign-Urbana

    0.55 miles

  • Holiday Inn

    0.75 miles

  • iHotel & Conference Center

    0.80 miles

  • Hyatt Place

    0.95 miles

  • Home2 Suites by Hilton Champaign/Urbana

    1.01 miles

  • Hampton

    1.08 miles

  • Champaign Garden Inn

    1.15 miles

  • Sylvia's Irish Inn - Bed & Breakfast Accommodation | B&B Room | Motel in Urbana, IL

    1.45 miles

  • America's Best Inn

    1.55 miles

  • Ikenberry Dining Hall

    0.16 miles

  • Papa Del's

    0.36 miles

  • Domino's

    0.36 miles

  • Oskee Favorites

    0.36 miles

  • Jimmy John's

    0.36 miles

  • Papa John's

    0.36 miles

  • Conrad's Grill

    0.37 miles

  • Chop Stix

    0.37 miles

  • Shiquan Wonton

    0.37 miles

  • D.P. Dough

    0.37 miles

  • University of Illinois Urbana-Champaign

    0.49 miles

  • Technology Plaza

    0.57 miles

  • Edison Middle School

    0.66 miles

  • ROE READY Program

    0.75 miles

  • Marquette School

    0.79 miles

  • University of Illinois Laboratory High School

    0.89 miles

  • Holy Cross Church

    0.89 miles

  • Holy Cross School

    0.91 miles

  • McKinley Fields

    0.91 miles

  • Southside Elementary School

    0.91 miles

  • Don Moyer Boys & Girls Club

    0.83 miles

  • Cooperative Nursery School

    1.29 miles

  • The Caring Place

    1.31 miles

  • FIRST Kids

    1.69 miles

  • Next Generation Early Education

    2.11 miles

  • Next Generation Preschool

    2.13 miles

  • La Petite Academy

    2.14 miles

  • Little Hearts and Hands, Inc.

    3.07 miles

  • First School

    9.62 miles

Frequently Asked Questions

How much does STUDENT HOUSING DEVELOPMENT OPPORTUNITY cost?

The space currently listed for sale at STUDENT HOUSING DEVELOPMENT OPPORTUNITY asks for $2,000,000.

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Contact Listing Broker

broker

Joshua Markiewicz

Coldwell Banker Commercial Devonshire Realty