Contacts

Joshua Markiewicz

Coldwell Banker Commercial Devonshire Realty

Property Details

Property Type VacantLand
Lot Size 13,378 SF
Additional Rent Contact for pricing
Date Updated Dec 18, 2024

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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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.

Attachments

Offering Memorandum (PDF) opens in new window

Getting around

79/100
Walk Score ®
63/100
Transit Score ®
96/100
Bike Score ®

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

AM-KO Oriental Foods and Gifts

0.49 miles
Target

0.54 miles
County Market

0.59 miles
Far East Grocery

0.79 miles
World Harvest Foods

0.84 miles
Harvest Market

1.11 miles
World Harvest

1.49 miles
Lincoln Square

1.67 miles
Common Ground

1.70 miles
Schnucks

1.94 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.