STUDENT HOUSING DEVELOPMENT OPPORTUNITY

For Sale

105 E Armory Ave, Champaign, IL 61820

This Champaign property for sale is located at 105 E Armory Ave. The current listed sale price for STUDENT HOUSING DEVELOPMENT OPPORTUNITY is $2,000,000. STUDENT HOUSING DEVELOPMENT OPPORTUNITY is situated on a lot that is 13,378 square feet in size.

Contacts

broker

Joshua Markiewicz

Coldwell Banker Commercial Devonshire Realty

Property Details

  • Property Type VacantLand
  • Lot Size 13,378 SF
  • Additional Rent Contact for pricing
  • Date Updated Nov 21, 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

Getting around

  • 79/100

    Walk Score ®

  • 63/100

    Transit Score ®

  • 96/100

    Bike Score ®

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Location

  • 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.

Contact Listing Broker

broker

Joshua Markiewicz

Coldwell Banker Commercial Devonshire Realty