808 W Oregon St
Urbana, IL 61801
Lincoln/Oregon MF Redevelopment Site at UIUC · Land For Sale · 1.15 AC

Nine contiguous parcels, located at the intersections of Lincoln, Oregon, and California in Urbana, are being offered for sale for $3,550,000. The nine parcels represent 1.15 acres, one of the largest assembled sites available for student housing/mixed use redevelopment near the University of Illinois campus. The site is bound by Lincoln Avenue on the west (284' frontage), Oregon Street to the north (185') and California Avenue to the south (243'). Lincoln Avenue represents the eastern edge of the University of Illinois, Urbana-Champaign campus and the site is directly across the street from the Alice Campbell Alumni Center and the UI Welcome Center. The University of Illinois enrollment in 2017 was 47,826 students and the university employs 10,845 faculty and staff. Lincoln Avenue serves as one of the main gateways to the campus. University of Illinois enrollment has continued to grow over the past 15 years with continued planned enrollment growth. Presently, there are 7 existing student rental properties located on the site garnering approximately $198,000 in annual gross rental income (includes leased parking spaces). The 8th structure is a student religious organization which is prepared to vacate at property closing.