802 West Illinois Street
Urbana, IL 61801

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Property Details

List Price: $1,295,000
Beds: --
Baths: --
Status: Active
SqFt: --
Agency: Beringer Realty

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Lot Size: --
Property Type: Lots And Land
Year Built: --
Notes: Well positioned contiguous parcels located in a federally designated opportunity zone are being offered at the intersection of West Illinois and South Busey for 1,350,000. The 3 Parcels represent a .54 acre development site sitting 1 half block from the University of Illinois campus. The site Is bound by South busy street on the East (246' frontage) and West Illinois street to the South (95" of frontage). University of Illinois enrollment in 2017 was 47,826 students and the University employs another 10,845 faculty and staff. West Illinois street is one of the central East West corridors entering into campus. University of Illinois has grown for the last 15 years and there are continued plans for growth. Presently there are 3 income producing residential rental properties located on the site garnering $126,600 gross cash floor annually. The parcels are zoned R5 and R5 in Urbana has an FAR of .9.

Listing Provided By: Beringer Realty, original listing
Office Phone: (217) 552-0700
Agent Name: Jonah Weisskopf

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