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2404 W John St - 6 Lots for Multi-Family Build 1.03 Acres of Commercial Land Offered at $399,900 in Champaign, IL 61821
Investment Highlights
- Six contiguous parcels totaling over an acre, offering a rare development opportunity in a growing residential corridor.
- Close proximity to shopping centers and essential services, supporting strong tenant demand.
- Five parcels zoned Multifamily 1 with the sixth currently single-family, presenting potential for rezoning to maximize density.
- Prime corner location at John Street and Kenwood, providing strong visibility and convenient access.
Executive Summary
Great Champaign Location
Across from Refinery Gym and Newer Multi family developements
Across from Refinery Gym and Newer Multi family developements
Property Facts
| Price | $399,900 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 1.03 AC |
| Zoning | MF1 - MF1 zoning for 5 of the 6 lots. 6th lot has single family home on it and can be rezoned to MF1 | ||
| Price | $399,900 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 1.03 AC |
| Zoning | MF1 - MF1 zoning for 5 of the 6 lots. 6th lot has single family home on it and can be rezoned to MF1 |
1 Lot Available
Lot
| Price | $399,900 | Lot Size | 1.03 AC |
| Price Per AC | $388,709.82 |
| Price | $399,900 |
| Price Per AC | $388,709.82 |
| Lot Size | 1.03 AC |
6 parcels at the corner of John Street and Kenwood with 5 zoning Multifamily 1 and 6th zoned single family (can be rezoned to MF1). Over an acre of total land ready to develop into townhouses, apartments, etc.
Description
6 parcels at the corner of John Street and Kenwood with 5 zoning Multifamily 1 and 6th zoned single family (can be rezoned to MF1). Over an acre of total land ready to develop into townhouses, apartments, etc. Excellent location kitty corner from Champaign parks, close to Leonard Center, the Refinery Gym and shopping centers nearby. One house on the property leased for $1,100/month.
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
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2404 W John St - 6 Lots for Multi-Family Build