Champaign, IL 61820 505 E University Avenue
$3,000,000
5 more
Presented By: The Real Estate Group,Inc
SQFT • 13,050
Home Details
Prime opportunity to own a rare multi-tenant retail strip center near campus. Located on high-visibility E University Ave, this commercial property offers excellent exposure with a high volume of daily vehicle traffic. Just minutes from both OSF Medical Center and Carle Foundation Hospital, the location is ideal for attracting steady business. With ample on-site parking and flexible space configurations, this property is well-suited for a wide range of commercial uses including retail, service, or office tenants. Don't miss your chance to invest in one of Champaign's most desirable commercial corridors!
Presented By: The Real Estate Group,Inc
General for 505 E University Avenue
Additional Parcels Y/NYes
Business TypeRetail
CityChampaign
CoolingCentral Air, Zoned
CountyChampaign
Current UseCommercial
DirectionsCorner of University Ave and 6 Street, just 1 block from the University Of Illinois Campus.
ElectricSeparate Meters
Electric Expense7235
Insurance Expense3408
Leasable Area13050
Lease TypeN/A
Lot Size Square Feet9271
MLS AreaChampaign, Savoy
ModificationTimestamp2025-07-06T05:06:04.212Z
Net Operating Income180540
Number Of Units Total5
Operating Expense59207
PossessionClosing
Property TypeCommercial Sale
Property TypeRetail/Stores
Standard StatusActive
StatusActive
Stories1
Tax Annual Amount30921
Tax Year2023
Tenant PaysAir Conditioning, Common Area Maintenance, Electricity, Heat, Taxes, Repairs, Sewer
TownshipChampaign
Trash Expense174
Water Sewer Expense1934
Year Built0
ZoningCOMMR
Exterior for 505 E University Avenue
Building Area Total13050
Frontage TypeCity Street, Paved
Lot Dimensions264 X 132
Additional Details
Price History
