The median home value in Champaign, IL is $152,500.
This is
higher than
the county median home value of $152,000.
The national median home value is $231,815.
The average price of homes sold in Champaign, IL is $152,500.
Approximately 43% of Champaign homes are owned,
compared to 50% rented, while
7% are vacant.
Champaign real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Champaign real estate agent to arrange a tour today! Learn more about Champaign.
The Orpheum Theater was designed as a scale model of the opera house at the Palace of Versailles. This is a unique opportunity to own a one-of-a-kind historical theater in downtown Champaign. The Orpheum Theater was originally constructed in 1914 but has undergone a series of updates, improvements, and renovations over the years. Located in an Enterprise Zone, which exempts the buyer from property tax and property improvement sales tax, makes this an excellent investment. The architectural firm of Rapp and Rapp chose French renaissance and Baroque for the interior style and Classical Revival for the exterior of the Orpheum. Explore the possibilities of this centrally located landmark opportunity today.
Looking for location and profitability in the next investment to add your rental portfolio? Look no further, you've found it at 613 W Church, Champaign! This multifamily consists of 3 1 bedroom, 1 bath studio units on the first floor, and 5 1 bedroom Single Room Occupancy (SRO) units that each have their own kitchenette and share 2 common bathrooms. You couldn't ask for a better location, close to downtown Champaign, Westside Park, and immediately adjacent to Champaign Central High School. Bringing in over $3700 per month in gross rents, this is an amazing investment. All units have separate electric meters, and water and natural gas are billed back to the occupants. Featuring low rents, and many very long term renters, there is always a list of people waiting for vacancies. Due to the deferred maintenance associated with an always occupied property, this multifamily unit is being sold in as-is condition. Even greater value may be found in redeveloping the entire structure! Make plans to see this property today!
Complete remodel in 2010, this Commercial office space is ideal for a number of different business types. Good traffic location at the corner of John and Country Fair in West Central Champaign. 3 private offices, large bull-pin area, which could be converted into a conference room, custom-built reception area with a nicely sized waiting area. Full kitchen with all appliances. 2 bathrooms. This office space is ADA compliant. Ample shared off-street parking, across from Centennial Park. Easy access to I72, I57, I74. Office furniture negotiable.
407 E University Avenue is a 48 unit, 4 story building constructed in 2002 with all 1 bedroom apartments. The ground floor offers 5 office units comprising almost 6,000 SF. The apartment units are partially furnished, and could easily be fully furnished to improve the rental rates. The parking garage is below grade with 52 spaces that are rented to tenants for $55 each per month, and an additional 25 parking spaces are grade level and used for the commercial office spaces. One elevator and 2 stairwells provide access to the 4 levels, and each unit has a balcony or terrace. The electric service and water are both paid by the tenants, and the internet service is provided by the owner. This property is approximately 2 blocks from the University of Illinois' Department of Electrical and Computer Engineering. Grocery stores, restaurants, and entertainment are all in close proximity to this property. This Value-Add Opportunity will require some cosmetic updates to most units. Additionally, the partially rented office space on the ground floor could be converted to amenities such as a fitness center, study lounge, and game room and would help the property compete better in today's market. By investing a relatively small amount on these upgrades, a new owner will create instant equity and strong positive cash flow.
401 E University Avenue is a 64 unit, 5 story building with all 1 bedroom apartments. Constructed in 2017, this property is in new condition. Each unit ranges in size from 648 SF to 745 SF, offering very spacious apartments for individuals or couples. Includes upgraded finishes with granite counter tops and stainless appliances. These units are partially furnished, and could easily be fully furnished for improved rental rates. This building is just 3 blocks from the University of Illinois' Department of Electrical and Computer Engineering. Grocery stores, restaurants, and entertainment are all in close proximity to this property. Current rental rates range from $855 to $1,000, not including the parking and furniture rental income. Property is 100% rented for 2020-21 school year, and the demand is strong for one-bedroom units in today's student housing market. The electric service is paid by the tenants, and the internet service is provided by the owner. Additionally, the water has been paid by the owner and could easily be sub-metered and billed to tenants for improved NOI. The parking garage is enclosed at ground level with 42 spaces that are rented to tenants at $55 each per month. One elevator and 2 stairwells provide access to the 5 levels, and each unit has a balcony or rooftop terrace. Schedule your tour of this prime investment property today!
Well maintained 3,764 SF Retail/Showroom property located just off the Springfield and Prospect Ave intersection. Currently laid out with open display rooms, designated work spaces, and two private offices and two restrooms. The property also includes a 3,600 SF basement great for storage or extra work space. Updates to this building include a roof update in 2014, new furnace in 2014 and updated electrical in 2010. Listed for lease as well at $24/SF NNN.
Historic, local landmark, Art Theatre in downtown Champaign for sale! Updates include: 18 new energy efficient windows on front of building in 2019, new roof in 2015, new water line and masonry work in 2015, and HVAC replaced in 2005. Included above the theatre are four one bedroom apartments. A commercial space is also attached- currently operating as a barbershop. Endless opportunities for this space located in downtown Champaign.
NOW JUST $263,000! The possibilities are endless! Build new, use existing building or expand. Just off the interstate with 15,000 cars per day passing! Great opportunity for your business venture or investment opportunity. Easy access to I-74. This 2-story building is approx. 3,279 sq.ft. and is equipped with its own HVAC unit on each floor as well as separate electric services. First & Second floors were priced at $1,500 per month for rent, plus utilities. Garage is 960 SF and has a separate meter. Features a basement that can be rented. For ease of expansion or additional parking, this property also includes a 62x132 residential lot adjacent and east of the main property. Zoned CO, Commercial Office.
2906 W Clark is an 11,770 SF Flex Industrial Space. The building is 45% Office/Conference and the balance is Warehouse. It sits on a 25,000+ SF lot with ample parking and was last renovated in 2015.
Fenced yard with warehouse - 25,000 feet, office building - 5000 feet, some of the office space has never been used. Attached to the office space are three long garage bays, cool building - lots of different uses that it could be used for, come check it out today!
The SeedHouse is a prime Development property in Downtown Champaign consisting of 2 adjoining parcels 502 N. Hickory & 36 E. Washington. Combined lot footprint is 60' x 133'. Zoned for mix use commercial and residential. It would make for an amazing space for any use. This is the last vintage, stand alone property - not adjoining any other structures - in Downtown Champaign. 502 North Hickory St. is a turn of the century two story brick industrial building with a substantial steel sub structure supporting the second floor of 2 x 12s on 12 in centers. Second floor has been transformed into a loft apartment occupied by the property owners. The brick and ceiling rafters are exposed, the floors consist of clear heart long grain pine. Ceiling height is 11 feet w/ a concrete first floor, two bay doors, and a steel exterior staircase. The SeedHouse building measures 40' x 89' - 3560 sq. ft. per floor for a total of 7120 sq. ft. *See Broker remarks for 36 E. Washington Details
Rare Opportunity to own 2.68 Acres (116,848 SF) of Commercial Property in the fast growing North Prospect Corridor! This is a very high traffic area with I-74 exposure. Plenty of room to build an additional Strip Mall. Current Building size is 26,233 SF total divided into 2 units. East side is approx 8,712 SF. West side is approx 17,521 SF. A/C units in 2015. Overhead Sprinkler System. There is plenty of room to build additional retail or commercial space. REAL ESTATE ONLY FOR SALE. *Broker has an interest in the LLC.
Cellular telephone business for sale $45,000. Conveniently located on Green Street in Champaign. (a short two minute walk from the UIUC campus). Presently providing service for AT&T and Verizon prepaid phone service as well as T-Mobile, Metro PCS, H2O Wireless, Ultra Mobile, Lyca Mobile and TracPhone. Sales price includes company website (myblinkmobile). The store consists of three rooms, one display room with three computers and the tv. One room is a bathroom and the middle room is for phone repair service. Contact: For details
Great income producing property strategically located in the commercial side of town. On a major corridor connecting North Prospect shopping center and Marketplace Mall. One block west of the new Costco in the Mall. Almost two acres of land and 5800 sq. ft of well-built restaurant that is leased for 5 years renewable for two more terms of 5 years each. Gross rent of $7500/month. The vacant acre can be used to build an additional 6000 sq. ft building of your choice. The price for all is $1,890,000. The price for the vacant acre only is $950,000.
4 different parcel numbers: PP#s:432013230001 & 432013230002 & 432013230003 & 432013230004 There is a 6 bedroom house on the property with a new roof. It does not add to the value of the property but does contribute some income which could be as high as $1200 per month or more.
