Buy and Sell with Angela Jamison
Angela Jamison
(217) 373-4976(217) 373-4976

802 W Illinois Street, Urbana, IL 61801 (MLS # 10575739)

Save to Favorites
Print
Share
PRICE $1,295,000
BEDS n/a
BATHS 0 baths
HOME SIZE n/a
LOT SIZE 23,522 sqft

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.

DAYS ON MARKET 24 LAST UPDATED 11/23/2019
COMMUNITY Urbana COUNTY Champaign
STATUS Active PROPERTY TYPE(S) Land

SCHOOLS
Elementary School Leal Elementary School
Jr. High School Leal Elementary School
High School Urbana High School


ADDITIONAL DETAILS
ADDITIONAL SALES INFORMATION None
AIR CONDITIONING Central Air
ARE ANY PROPERTY PHOTOS VIRTUALLY STAGED? No
BASEMENT None
BUILDING(S) ON LAND Yes
ELEMENTARY SCH DIST 116
FARM No
FRANCHISOR FEED(Y/N) No
FRONTAGE/ACCESS City Street
HIGH SCH DIST 116
JNR HIGH DIST 116
LEGAL DESCRIPTION O
LISTING TYPE Exclusive Right To Sell
LOT DIMENSIONS 246 BY 95
LOT SIZE .50-.99 Acre
MANAGING BROKER (Y/N) No
OTHER INFORMATION None
PARCEL IDENTIFICATION NUMBER 922117103018
PROPERTY TYPE Land
RENTAL UNIT Monthly
ROAD SURFACE Concrete
SPECIAL ASSESSMENTS N
STATUS Active
TAX EXEMPTIONS None
TAX YEAR 2017, 2017
TAXES 23561.00
UTILITIES TO SITE Electric Nearby, Electric to Site, Gas to Site, Sanitary Sewer to Site, Water to Site
WATERFRONT (Y/N) No


80 Very Walkable



 
CONTACT US ABOUT 802 W ILLINOIS STREET
 / 
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Angela Jamison to contact you even if your name is on a Federal or State "Do not call List".

Listed with Beringer Realty
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of MRED. All real estate listings are marked with the Broker ReciprocitySM logo or the MRED Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.

Copyright 2019 MRED. All rights reserved.

NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

MRED Logo