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505 E University Avenue
Champaign IL 61820 US

$3,000,000

Active Listing ID 12402207
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$3,000,000

Active Listing ID 12402207
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505 E University Avenue 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.

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Property Features

  • Facts
  • Property Type: Commercial Sale
  • Property Sub-type: Other
  • Features
  • Cooling System: Central Air, Zoned

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 3000000
  • unparsedaddress: 505 E University Avenue
  • postalcity: Champaign
  • stateorprovince: IL
  • country: US
  • postalcode: 61820
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 13050
  • livingareaunits: Square Feet
  • listagentfullname: Carol Meinhart
  • listagentemail: carol@sellinghomes24-7.com
  • listagentkey: 3yd-MREDIL-952201
  • listagentmlsid: 952201
  • listagentpreferredphone: 2178989204
  • listagentofficephone: 2178989204
  • listofficekey: 3yd-MREDIL-95412
  • listagentstatelicense: 475127814
  • listofficemlsid: 95412
  • disclaimer: Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • listingcontractdate: 2025-06-30
  • listagenturl: http://www.thegroup.com
  • countyorparish: Champaign
  • parcelnumber: 462107380003
  • cooling: Central Air, Zoned
  • numberofunitstotal: 5
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • architecturalstyle: Other
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"The Real Estate Group LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"laura@lauraheiser.com", "ListBrokerageCity":"Champaign", "ListBrokerageCountry":"US", "ListBrokerageEmail":"laura@lauraheiser.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/MREDIL/7b012561216c11ec92e30242ac110005/20220722192737114.png", "ListBrokerageName":"The Real Estate Group LLC", "ListBrokeragePhone":"2178989204", "ListBrokeragePostalCode":"61821", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"2101 Park Court", "ListBrokerageWebsiteUrl":"http://www.thegroup.com", "ListOfficeAddress1":"2101 W Park Court", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"952584", "ListOfficeCity":"Champaign", "ListOfficeCountry":"US", "ListOfficeEmail":"laura@lauraheiser.com", "ListOfficePostalCode":"61821", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial Sale - Champaign, IL", "ListingURL":"https://listings.listhub.net/pages/MREDIL/12402207/?channel=rexren", "MLSModificationTimestamp":"2025-07-30T13:24:01Z", "Neighborhoods":[{"Description":null, "Name":"Champaign"}, {"Description":null, "Name":"Savoy"}], "PostalCode":null, "RawPropertySubType":null, "RawPropertyType":"Commercial Sale", "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":30921, "TaxDescription":null, "TaxYear":"2023"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 9/28/2025 2:07:05 AM GMT
Source Updated Date: 12/5/2025 6:42:08 PM GMT

Courtesy of: Carol Meinhart, The Real Estate Group,Inc, carol@sellinghomes24-7.com

Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.