41 E University Ave

Champaign, IL 61820

$3,850,000
Price
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a view of a brick house with many windows
a front view of a building with a garden
a front view of a building
a view of large kitchen with stainless steel appliances wooden floor and large windows
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a view of an empty room
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a view of a building with a street
a view of an empty room with a window and wooden floor
a view of livingroom with hardwood floor and window
a bathroom with a sink a toilet and mirror
a view of a building with a street
a living room with lots of furniture and a book shelf
a view of an empty room with window and wooden floor
a view of kitchen with wooden floor
a kitchen with stainless steel appliances granite countertop a stove and a refrigerator
a bathroom with a toilet a sink and mirror
a view of an empty room with a window and wooden floor
a bathroom with a granite countertop sink toilet and mirror
a utility room with dryer and washer
a kitchen with granite countertop stainless steel appliances a refrigerator cabinets and wooden floor
a view of an empty room with a window
a bathroom with a sink a toilet and shower
a bathroom with a shower and a toilet
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a bathroom with a sink and mirror
a living room with furniture and a flat screen tv
a living room with furniture and a flat screen tv
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Description

Historic Illinois Traction Building in the heart of Downtown Champaign offers high visibility and high traffic count. Built in 1913, the building was designed by architect Joseph Royer in the Contemporary Commercial Style featuring large windows on all sides allowing for natural light and city views! The building originally housed the railway's offices and served as the Champaign interurban station until 1936. It later housed the offices of the Illinois Power Company, which descended from the Illinois...Historic Illinois Traction Building in the heart of Downtown Champaign offers high visibility and high traffic count. Built in 1913, the building was designed by architect Joseph Royer in the Contemporary Commercial Style featuring large windows on all sides allowing for natural light and city views! The building originally housed the railway's offices and served as the Champaign interurban station until 1936. It later housed the offices of the Illinois Power Company, which descended from the Illinois Traction System. The building was added to the National Register of Historic Places in 2006. This property is a rare offering for a stand alone building with its perfect blend of retail, residential, and office space plus off street parking. The West side has outdoor paved space currently being utilized for off street parking however with its in-place access to the 1st floor of the building this space could be transformed into outdoor patio and/or dining areas. With the high traffic of University Avenue an outdoor patio/dining space can show off your business and increase customer awareness. Across Market street to the east is the Illinois Terminal hub which is a consolidated terminal hosting a major transfer point for local mass transit service, inter-city bus service, and Amtrak passenger service. This location also provides easy access to the University of Illinois with over 55,000 students. Downtown Champaign offers a variety of sought out restaurants, microbreweries, and pubs plus a vibrant cultural and arts scene. Throughout Downtown you will find mixed use properties and multi-family developments creating a significant residential population that combines with a strong daytime employment creating a strong customer and client base for any business.
  1. Listed by Debby Auble • WARD & ASSOCIATES
    P: (217)-355-1000 C: (217)-355-1020 debbyauble@gmail.com

Property Details for 41 East University Avenue

Area
Champaign, Savoy
Township
Champaign
Air Conditioning Type
Central Air
Zoning
COMMR
LISTING UPDATED: 10/18/2025 10:33 AM

Property Details for 41 East University Avenue

StatusActive
MLS #12212107
Days on Market365
Taxes$35,143 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1913
Lot Size0.29 AC / 12,560 SF
CountyChampaign County

Location

Listing Courtesy of WARD & ASSOCIATES
Add your commute

Building Information for 41 East University Avenue

Stories3Residences12Year Built1913Lot Size0.29 AC / 12,560 SF

Payment Calculator

$21,953 per month

30 year fixed, 6.28% Interest

Principal and Interest

$19,024

Property Taxes

$2,929

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 41 East University Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces,Common Parking,Lighted,Open,Paved,Private Lot,Parking On-Site
Location and General Information
  • Frontage Type: City Street, Other
  • Geographic Locale: Central Illinois
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers, Separate Meters, Over 600 Amps, Three Phase
  • Flooring: Carpet, Concrete, Tile, Varies, Vinyl, Wood
  • # Of Washers: 6
  • Grid: 51
  • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air,Gas
  • # Of Refrigerators: 5
  • Washer/Dryer Lsd: No
  • Misc Inside: Elevator/s Freight,Accessible Washroom/s,Inside Corridor/s,Janitorial Service,Multi-Tenant,Private Restroom/s,Storage Inside,Basement
  • # Of Dryers: 6
  • # Of Disposals: 5
  • # Of Dishwashers: 7
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 5
  • Water Drainage: Storm Sewers
  • Misc Outside: Accessible Entrance,Handicapped Design,Patio,Security Lighting,Security System
Utilities / Equipment
  • Water: Municipal Water
  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Fiber
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 80 X 157 X 76 X 131
  • Lot Size Square Feet: 12560.0
  • Stories: 3
  • Construction: Brick, Concrete, Steel Siding, Stone, Glass
  • Roof Type: Membrane, Rubber
  • Fire Protection: Alarm Monitored,Fire Extinguisher/s,Partially Sprinklered,Sprinklers-Wet,Carbon Monoxide Detector(s)
  • Roof Structure: Flat,Pitched
  • Foundation Details: Brick/Mortar, Concrete Perimeter
  • Building Area Total: 22052
  • # Of Offices: 5
  • # Of Ranges: 5
  • # Of Stores: 2
  • Property Sub Type: Mixed Use
Property and Assessments
  • Possible Use: Commercial, Office, Multi-Family, Retail
  • Buyer Financing: Cash
  • Documents Available: Rent Roll,Historical,Floor Plan
  • Docks: Service Entrance
  • Public Document Count: 3
  • Document Date: 2025-09-18T22:51:21
  • Photos Count: 84
Miscellaneous
  • Current Use: Commercial, Office
  • Location: Central Business District,Corner,Public Transport Avail,High Traffic Area
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 12
Income & Expenses
  • Electric Expense: $3,000.00
  • Fuel Expense: $.00
  • Gross Income: $246,120.00
  • Gross Scheduled Income: $246,120.00
  • Insurance Expense: $13,000.00
  • Electric Expense Source: Combination
  • Known Encumbrances: None Known
  • Expense Year: 2024
  • Total Annual Expense Source: Combination
  • Insurance Expense Source: Actual
  • Other Expense Source: Actual
  • Trash Expense Source: Actual
  • Total Monthly Income: 20510
  • Water Expense Source: Owner Projection
  • Net Operating Income: $157,279.00
  • Operating Expense: $53,698.00
  • Other Expense: $800.00
  • Trash Expense: $800.00
  • Water Sewer Expense: $3,000.00

Property History for 41 East University Avenue

DateEvent & SourcePriceAppreciation
Dec 12, 2024

Listed (Active)

MRED #12212107

$3,850,000—
DateEvent & SourcePrice
12/12/2024

Listed (Active)

MRED #12212107

$3,850,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 41 East University Avenue

Taxable ValueLand$59,490Additions$279,100Total$338,590
Tax Record2022$31,136 ($2,595 / month)
Home Facts
StyleMiscellaneous CommercialCountyCHAMPAIGNAPN422012479002

Schools near 41 East University Avenue

This home is within Champaign Community Unit School District 4.
Rating
School
Type
Grades
Distance
Actions Program
Public - K to 12
Central High School
Public - 9 to 12
Carrie Busey Elementary School
Public - K to 5
Vernon L Barkstall Elementary School
Public - K to 5
Rating
School
Distance
Actions Program
PublicK to 12

Central High School
Public9 to 12

Carrie Busey Elementary School
PublicK to 5

Vernon L Barkstall Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 41 East University Avenue, Champaign, IL 61820

41 East University Avenue is a mixed use property for sale in Champaign, IL 61820. This property was listed for sale on December 12, 2024 by WARD & ASSOCIATES, it's currently listed at $3,850,000. This listing's school district is Champaign Community Unit School District 4. Nearby schools include Actions Program, Central High School and Carrie Busey Elementary School. 41 East University Avenue is a 0-bed, 0-bath, mixed use property built in 1913.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of WARD & ASSOCIATES

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 10/18/2025 10:33 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.