IL
Champaign
Champaign
61820
41 E. University Avenue
41 E. University Avenue, Champaign, IL 61820
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Listing Type
Commercial/Industrial
Listing Status
active
84
$3,850,000

Home Details for 41 E. University Avenue

Price
$3,850,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1913
County
Champaign
Garage
Days on site
284
MLS Listing#
12212107
Property Description

Historic Illinois Traction Building in the heart of Downtown Champaign offers high visibility and high traffic count. Built in 1913, the building was designed by architect Joseph Royer in the Contemporary Commercial Style featuring large windows on all sides allowing for natural light and city views! The building originally housed the railway's offices and served as the Champaign interurban station until 1936. It later housed the offices of the Illinois Power Company, which descended from the Illinois Traction System. The building was added to the National Register of Historic Places in 2006. This property is a rare offering for a stand alone building with its perfect blend of retail, residential, and office space plus off street parking. The West side has outdoor paved space currently being utilized for off street parking however with its in-place access to the 1st floor of the building this space could be transformed into outdoor patio and/or dining areas. With the high traffic of University Avenue an outdoor patio/dining space can show off your business and increase customer awareness. Across Market street to the east is the Illinois Terminal hub which is a consolidated terminal hosting a major transfer point for local mass transit service, inter-city bus service, and Amtrak passenger service. This location also provides easy access to the University of Illinois with over 55,000 students. Downtown Champaign offers a variety of sought out restaurants, microbreweries, and pubs plus a vibrant cultural and arts scene. Throughout Downtown you will find mixed use properties and multi-family developments creating a significant residential population that combines with a strong daytime employment creating a strong customer and client base for any business.

Property Features
  • Utilities
    • Electricity Available
    • Natural Gas Available
    • Sewer Connected
  • Cooling Information
    • Central Air
  • Water Features
    • Public
Listing Courtesy: WARD & ASSOCIATES
Midwest Real Estate Data logo Based on information submitted to the MLS GRID as of 2025-09-03 21:54:34. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: 2025-09-03 21:54:34
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