Champaign, IL 61820 505 E University Avenue
$3,000,000



5 more





Presented By: The Real Estate Group,Inc
Home Details
Located at 505-507 E. University Avenue in Champaign, Illinois, this versatile 3,600-square-foot multi-tenant building presents a prime investment opportunity. The property is currently occupied by a liquor store, an international fast-food restaurant, and a therapy center, offering an attractive mix of tenants that appeal to a broad customer base. The available space is delivered in vanilla box condition, allowing future tenants to customize the interior to suit their operational needs. The site offers excellent visibility along University Avenue, one of the busiest east-west thoroughfares in the area, providing outstanding exposure and consistent vehicle and pedestrian traffic. Ample on-site parking enhances accessibility for both tenants and customers, making it a convenient destination for retail, service, or professional office users. Additionally, the property's location near the University of Illinois campus, Carle Foundation Hospital, and OSF Heart of Mary Medical Center further bolsters its appeal by attracting a diverse population of students, medical professionals, and visitors. With a CG - Commercial General zoning designation, this property supports a wide range of commercial uses. Its central location in a densely populated area surrounded by businesses and residential neighborhoods makes it an ideal opportunity for both owner-users and investors looking to capitalize on Champaign's strong economic and demographic growth.
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
ModificationTimestamp2025-07-30T17:24:01.604Z
Net Operating Income180540
Number Of Units Total5
Operating Expense59207
PossessionClosing
Property TypeCommercial Sale
Property TypeRetail/Stores
Standard StatusActive
StatusActive
Stories Count1
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

SQFT • 13,050