This building is beautiful and is exploding with charm. Built in 1918, this property was designed as a fraternity house but has so much potential to be used for other purposes. It is zoned R-7 University Residential Zoning District, which permits a boarding or rooming house, dormitory dwelling, community living facility, multiple-unit common-lot-line, church, temple, business mixed-use planned unit development, bed and breakfast (owner occupied), and more! This well maintained 3-story, 65 bed property is perfectly located in an opportunity zone and includes 17,255 SF and features 15 bedrooms on the 2nd floor and 9 on the 3rd floor with dorm style bathrooms. The main floor includes a living room, sun room/courtroom, tv room, dining room, and a commercial kitchen that has the prep ability for 100-300 people. The building offers a finished basement with a meeting room, laundry room, and storage. This property is in a prime location near campus with close proximity to shopping and restaurants. Don't miss this opportunity!
- Price:
- $1,450,000
- Bedrooms:
- 0
- Full Baths:
- 0
- Square Footage:
- n/a
- Acreage:
- 0.44
- Year Built:
- 1918
- MLS #:
- MRD11729262
- Street Address:
- 1204 S Lincoln Ave
- City:
- Urbana
- State:
- IL
- Postal Code:
- 61801
- County:
- Champaign
- Area:
- Urbana
- Listing Status:
- For Sale - Active
Building
- Basement Description:
- Finished, Rec/
Family Area, Storage Space
- Exterior Description:
- Brick
- Stories:
- 3
- Year Built:
- 1918
Land
- Conforms To Zoning:
- Multi
- Lot Square Footage:
- 18900
Listing
- Days On Market:
- 43
- Originating Mls:
- Mred
Money
- Property Taxes:
- $41,526
- Tax Year:
- 2021
Structures
- Parking Spaces:
- 12
Systems
- Cooling System:
- Central Air
- Electricity:
- Service - 201 To 600 Amps
Units
- Unit 1 Type:
- Unit 1
- Unit 2 Type:
- Unit 2
- Unit 3 Type:
- Unit 3
- Unit 4 Type:
- Unit 4
- Unit 5 Type:
- Unit 5
- Unit 6 Type:
- Unit 6
- Unit 7 Type:
- Unit 7
Source
-
Listing Provided By: Shannon Collins with Green Street Realty
