802 West Illinois Street, Urbana, Illinois 61801

List Price
Price Change
▼ $55,000 1548530373
Days On Market

Property Description

Well positioned contiguous parcels located in a federally designated opportunity zone are being offered at the intersection of West Illinois and South Busey for 1,350,000. The 3 Parcels represent a .54 acre development site sitting 1 half block from the University of Illinois campus. The site Is bound by South busy street on the East (246' frontage) and West Illinois street to the South (95" of frontage). University of Illinois enrollment in 2017 was 47,826 students and the University employs another 10,845 faculty and staff. West Illinois street is one of the central East West corridors entering into campus. University of Illinois has grown for the last 15 years and there are continued plans for growth. Presently there are 3 income producing residential rental properties located on the site garnering $126,600 gross cash floor annually. The parcels are zoned R5 and R5 in Urbana has an FAR of .9.

Additional Information

School District
Elementary School
Middle School
High School
Corporate Limits
Tax Year
Tax Exemptions
Tax Amount
Additional Sales Information
Lot Dimensions
246 BY 95
Air Conditioning
Central Air
Basement Description

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Calculator source: Real Geeks

Listing courtesy of Beringer Realty.

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