209 E Armory Ave
Champaign, IL 61820
GREEK/STUDENT HOUSING OPPORTUNITY · Specialty Property For Sale · 26,919 SF

Formerly Lambda Chi Alpha, this incredible building was built in 2017 and is located at the corner of Armory Avenue and Arbor Street directly across from Washington “Frat” Park. The 25,911 SF three-story house with basement features 18 sleeping units with capacity for 74 beds, a full commercial-grade kitchen, dining hall for 100+ persons, expansive front yard with a large front porch and elevated side deck, outdoor basketball court, enclosed parking for 8 cars and covered parking for 6 cars, and has a dedicated 1 Gbps fiber connection, key fob/thumbprint access, and 4K surveillance. The full steel frame construction on a concrete slab allows for easy interior reconfiguration, and the building also features ZIP insulated panel sheathing, brick façade, LED lighting throughout, high-efficiency variable flow refrigerant system (VFR), and thermostats in each suite. The building also has two large lockable storage rooms and a dedicated enclosed dumpster for trash. Location Description The Property is situated in a prime location on the University of Illinois at Urbana-Champaign campus (49,339 students and 10,845 faculty & staff) and provides an outstanding opportunity for a fraternity, sorority or student housing operator. The Property is prominently located at the southeast corner of Armory Avenue and Arbor Street, just west/southwest of the Illini Union, Main Quad and the greater University of Illinois campus. The Property is within easy walking distance to academic buildings, Memorial Stadium, and the Armory.