Land Available For Sale @ 1001 S 1st St

Coldwell Banker Commercial Devonshire Realty (CBCDR) is proud to exclusively offer for sale four adjacent parcels at 59 E Chalmers Street, 61 E Chalmers Street, 1001 S First Street, and 1003 S First Street, Champaign, Illinois (“the Property”).
The adjoining parcels total 17,200 SF of land and offer a developer an ideal site for a student housing development on the University of Illinois campus.
The property benefits from MFUniv zoning that allows a developer to build up to 75’ high, requires minimal setbacks, and has no Floor Area Ratio (FAR) requirements, no Open Space Reserves (OSR) and no parking requirements, allowing a developer to maximize the site.