Champaign, IL 61820,505 E University AVE
Champaign, IL 61820,505 E University AVE
Champaign, IL 61820,505 E University AVE
Champaign, IL 61820,505 E University AVE
Champaign, IL 61820,505 E University AVE
Champaign, IL 61820,505 E University AVE
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Mark Rantis

Mark Rantis

+1(847) 606-5272
$ 3,000,000
Est. payment | /mo

13,050 SqFt

Save
$ 3,000,000
Est. payment | /mo
Save

13,050 SqFt

Key Details

Property Type Commercial

Sub Type Retail/Stores

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 13,050 sqft

Price per Sqft $229

MLS Listing ID 12402207

Annual Tax Amount $30,921

Tax Year 2023

Lot Dimensions 264 X 132

Property Sub-Type Retail/Stores

Property Description

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.

Location

State IL

County Champaign

Area Champaign, Savoy

Zoning COMMR

Interior

Cooling Central Air, Zoned

Fireplace N

Building

Dwelling Type Retail/Stores

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Carol Meinhart of  The Real Estate Group,Inc 
SCHOOLSPROPERTIES
Elementary Schools 20
  • 6

    Bottenfield Elementary School

    Public | KG - 5

  • 6

    South Side Elementary School

    Public | KG - 5

  • 5

    Westview Elementary School

    Public | KG - 5

  • 5

    Dr Howard Elementary School

    Public | KG - 5

  • 5

    Washington Elementary School

    Public | KG - 5

  • 4

    Garden Hills Elementary School

    Public | KG - 5

  • 4

    Stratton Elementary School

    Public | KG - 5

  • 4

    Leal Elementary School

    Public | KG - 5

  • 4

    Wiley Elementary School

    Public | KG - 5

  • 4

    Yankee Ridge Elementary School

    Public | KG - 5

  • 1

    M L King Jr Elementary School

    Public | KG - 5

  • 0

    St Matthew School

    Private | KG - 8

  • 0

    Next Generation School

    Private | KG - 8

  • 0

    Judah Christian School

    Private | PK - 12

  • 0

    Pavilion Foundation School

    Private | 2 - 12

  • 0

    Montessori School of Champaign-Urbana

    Private | PK - 3

  • 0

    Kindercare Learning Center

    Private | PK - KG

  • 0

    Holy Cross Elementary School

    Private | PK - 8

  • 0

    Chesterbrook Academy

    Private | PK - TKG

  • 0

    University Primary School

    Private | PK - 5

Middle Schools 6
  • 5

    Edison Middle School

    Public | 6 - 8

  • 4

    Franklin Middle School

    Public | 6 - 8

  • 4

    Urbana Middle School

    Public | 6 - 8

  • 0

    R E a D y Program

    Public | 6 - 12

  • 0

    University of Illinois High School

    Public | 8 - 12

  • 0

    Campus Middle School for Girls

    Private | 6 - 8

High Schools 3
  • 5

    Central High School

    Public | 9 - 12

  • 5

    Urbana High School

    Public | 9 - 12

  • 0

    Novak Academy

    Public | 9 - 12

School and business data provided by Attom Data.
Mark Rantis

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(847) 606-5272

mark@therantisgroup.com

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505 E University AVE