For Sale $2,000,000
Property Type VacantLand
Lot Size 13,378 SF
Additional Rent Contact for pricing
Date Updated Sep 19, 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

Offering Memorandum (PDF) opens in new window

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

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

Map
Street

City Champaign, IL
Neighborhood In Town
Zip Code 61820

Points of Interest

ChargePoint

1.02 miles
Circle K

1.07 miles
Haymakers Gas Station

1.16 miles
Circle K

1.78 miles
Circle K

1.82 miles
Schnucks Express

1.86 miles
Mobil

1.89 miles
Circle K

2.09 miles
Mobil

2.15 miles
Shell

2.18 miles

Parkette 154

0.15 miles
Parkette 151

0.23 miles
Weston Parking lot

0.23 miles
E12

0.32 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
Holiday Inn

0.73 miles
iHotel & Conference Center

0.79 miles
Hyatt Place

0.95 miles
Home2 Suites by Hilton Champaign/Urbana

1.01 miles
Hampton

1.08 miles
America's Best Inn

1.55 miles
Lincoln Lodge Motel

1.59 miles
Lincoln Lodge

1.61 miles
Urbana Landmark Hotel

1.64 miles

Ikenberry Dining Hall

0.16 miles
Papa Del's

0.36 miles
Domino's

0.36 miles
Jimmy John's

0.36 miles
Papa John's

0.36 miles
WinginOut

0.37 miles
Chop Stix

0.37 miles
Maize Mexican Grill

0.37 miles
Shiquan Wonton

0.37 miles
D.P. Dough

0.37 miles

University of Illinois at Urbana-Champaign

0.34 miles
Edison Middle School

0.66 miles
ROE READY Program

0.75 miles
Marquette School

0.79 miles
Holy Cross Church

0.89 miles
University of Illinois Laboratory High School

0.89 miles
Holy Cross School

0.91 miles
McKinley Fields

0.91 miles
Southside Elementary School

0.93 miles
Willard School

0.95 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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