202-206 e university avenue, champaign, IL 61820

Asking Price
The price of a property as listed on the market.

$1,100,000
Resale (MLS)
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
This listing is NOT a foreclosure. The site consists of three contiguous lots. The combined parcel measures 198' x 132' and contans 26, 136 square feet. It is zoned CB, Central Business. The subject is a legally conforming use of the CB classification. Al public utilities serve the site. The CB Central Business district is designed for high density retail, service, and office development, mixed with housing, parking, and institutional uses. The floor area ratio in this classification is the highest density allowed by the ordinance. On-site parking is not necessary for individual businesses, with allowable uses including public/quasi-public uses, personal service, clinic, office, a broad cross section of retailers, as well as multi- family as long as they are developed above the first floor. Standard requirements show no minimum lot size, and a maximum FAR of 9.00. . The site size is considered adaptable for a broad cross section of the legally permitted uses, limiting only the scope of certain development. It lies on University Avenue, an east-west traffic artery for the city. The downtown area lies three blocks west, with the University of Illinois campus directly sout...

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

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Property Info
Property ID927031114
MLS Number12181829
CountyChampaign
Property TypeVacant Land
Lot Size0.6 acres
Listing StatusActive
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