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2700 N Market St 3.8 - 18.8 Acre Industrial Land Lots Offered at $579,348 - $2,212,848 Per Lot in Champaign, IL 61822

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INVESTMENT HIGHLIGHTS

  • Flexible Zoning
  • Located Nearby Future Costco

EXECUTIVE SUMMARY

This +/- 18.8 acre (divisible) development site is mixed-zoned Commercial Office (CO) and Commercial General (CG) and benefits from nearly 1,500 feet of frontage along Market Street. The property is naturally divided by Wood Duck Drive with +/- 3.8 acres (zoned CG) to the south and +/- 15 acres to the north (+/- 7.4 acres CG and +/- 7.6 acres CO).

PROPERTY FACTS

Price $579,348 - $4,425,696
Sale Type Owner User
No. Lots 4
Property Type Land
Property Subtype Industrial
Total Lot Size 37.60 AC
Zoning CG, CO

4 LOTS AVAILABLE

Lot 107

Price $827,640
Price Per AC $108,900.00
Lot Size 7.60 AC

Lot 107 (CO): +/- 7.6 Acres @ $2.50/SF

Lot 108

Price $805,860
Price Per AC $108,900.00
Lot Size 7.40 AC

Lot 108 (CG): +/- 7.4 Acres @ $2.50/SF

Lot 109

Price $579,348
Price Per AC $152,460.00
Lot Size 3.80 AC

Lot 109 (CG): +/- 3.8 Acres @ $3.50/SF

Lot 107-109

Price $2,212,848
Price Per AC $117,704.68
Lot Size 18.80 AC

All three lots combined.

DESCRIPTION

This +/- 18.8 acre (divisible) development site is mixed-zoned Commercial Office (CO) and Commercial General (CG) and benefits from nearly 1,500 feet of frontage along Market Street. The property is naturally divided by Wood Duck Drive with +/- 3.8 acres (zoned CG) to the south and +/- 15 acres to the north (+/- 7.4 acres CG and +/- 7.6 acres CO). Lot 107 (CO): +/- 7.6 Acres @ $2.50/SF Lot 108 (CG): +/- 7.4 Acres @ $2.50/SF Lot 109 (CG): +/- 3.8 Acres @ $3.50/SF The site further benefits from being adjacent to the 570-unit Hunters Pond Apartments and just northeast of Costco. The site has not been final platted. Area Description The subject site is located along Market Street in north Champaign at the northwest corner and southwest corner of Market Street and Wood Duck Drive. Surrounding property uses include Market Place Shopping Center (887,071 SF regional mall) to the south, Hunters Pond Apartments (570 units) to the west, Apollo Subdivision (1.5M SF industrial park) to the east and farmland to the north. The site also benefits from easy accessibility to I-57 and I-74 and is located just east of the North Prospect commercial corridor and Costco.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
41-14-36-400-029
Land Assessment
$15,770
Improvements Assessment
$0
Total Assessment
$15,770
  • Listing ID: 17427991

  • Date on Market: 10/11/2019

  • Last Updated:

  • Address: 2700 N Market St, Champaign, IL 61822

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