Champaign, IL 61820 41 E. University Avenue
$3,850,000



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Presented By: WARD & ASSOCIATES
Home Details
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.
Presented By: WARD & ASSOCIATES
Interior Features for 41 E. University Avenue
Other Interior Features
FlooringCarpet, Concrete, Tile, Varies, Vinyl, Wood
General for 41 E. University Avenue
Additional Parcels Y/NNo
CityChampaign
Construction MaterialsBrick, Concrete, Steel Siding, Stone, Glass
CoolingCentral Air
CountyChampaign
Current UseCommercial, Office
DirectionsUniversity Ave, SE corner of University and Market St.
ElectricCircuit Breakers, Separate Meters, Over 600 Amps, Three Phase
Electric Expense3000
Fuel Expense
Gross Income245520
Insurance Expense13000
Lot Size Square Feet12560
MLS AreaChampaign, Savoy
ModificationTimestamp2025-05-23T13:44:01.634Z
Net Operating Income191822
Number Of Units Total12
Operating Expense53698
PossessionClosing
Possible UseCommercial, Office, Multi-Family, Retail
Property SubtypeMixed Use
Property TypeCommercial Sale
Property TypeMixed Use
RoofMembrane, Rubber
Standard StatusActive
StatusActive
Stories Count3
Tax Annual Amount33098
Tax Year2023
Tenant PaysAir Conditioning, Electricity, Heat
TownshipChampaign
Trash Expense800
UtilitiesElectricity Available, Natural Gas Available, Sewer Connected, Fiber
Water Sewer Expense3000
Year Built1913
ZoningCOMMR
Exterior for 41 E. University Avenue
Building Area Total22052
Foundation DetailsBrick/Mortar, Concrete Perimeter
Frontage TypeCity Street, Other
Lot Dimensions80 X 157 X 76 X 131
Water SourceMunicipal Water
Additional Details
Price History
