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802 W Illinois Street

Urbana, Illinois 61801


John D'Ambrogio
312.334.8389

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$1,295,000




Property Type
Vacant Land
Neighborhood
Urbana


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.



Full Features
Basement: None
Parking Spaces: 0
Water Front: No
Square Feet: N/A
Tax Amount: $23,561
Tax Year: 2017


Taxes & Assessments
Taxes: $23,561

Listing information updated 11/23/2019 at 12:23am


Listing Office: Beringer Realty

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Urbana

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School District(s)
Urbana SD 116
Elementary School
Leal Elementary School
Middle School
Urbana Middle School
High School
Urbana High School

School information is provided by the National Center for Education Statistics. This information should only be used as a reference and does not warrant or guarantee enrollment. Please contact applicable schools or school districts directly to verify information and enrollment eligibility.

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Nearby Public Transportation

No Nearby Public Transportation Found


 





802 W Illinois Street Urbana, Illinois 61801 is a vacant land currently listed at $1,295,000. This vacant land has been listed on @properties since November 17th, 2019. Nearby schools include Leal Elementary School, Urbana Middle School, Urbana High School. Want to learn more about 802 W Illinois Street Urbana, Illinois 61801? Contact an @properties agent to request more info.


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