- 22,052
- sqft
- 1913
- year built
- Status:
- Active
- MLS #:
- 12212107
- County:
- Champaign
- Listed By:
- Debby Auble - WARD & ASSOCIATES
- Agent Email:
- debbyauble@gmail.com
Sponsoring Broker: Diane Glass, Berkshire Hathaway HomeServices Chicago
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.
Highlights
- Commercial Sale
- Mixed Use
- Built in 1913
- 717 days on Market
-
- Year Built
- 1913
-
- Stories
- 3.0
-
- Construction Materials
- Stone, Brick, Concrete, Steel Siding, Glass
-
- Foundation
- Brick/Mortar, Concrete Perimeter
-
- Flooring
- Tile, Vinyl, Carpet, Concrete, Wood, Varies
-
- Cooling
- Central Air
-
- Utilities
- Natural Gas Available, Sewer Connected
-
- Area
- Champaign, Savoy
-
- County
- Champaign
-
- City
- Champaign
-
- Zip Code
- 61820
-
Nearby Schools
-
49out of 100
-
50out of 100
-
50out of 100
-
51out of 100
-
77out of 100
-
53out of 100
-
54out of 100
-
53out of 100
-
51out of 100
-
54out of 100
Disclaimer: ez Home Search School Ratings are on a scale of 1-100 and represent our evaluation of school quality based on academic performance, school resources, community feedback, and demographic factors. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.
-
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Price History
| 11/23/2024 | Listed | $3,850,000 |
| Source: Midwest Real Estate Data (MRED) #12212107 | ||
Source: MLS Data
Deed History
| 02/18/2021 | Intrafamily Transfer - Transaction is between related parties for any reason & no consideration. | $0 |
| 02/18/2021 | Intrafamily Transfer - Transaction is between related parties for any reason & no consideration. | $0 |
Source: Public records via Constellation Data Labs
Mortgage History
| 05/30/2012 | Commercial | $948,000 |
| 06/26/2007 | Commercial | $395,000 |
| 03/20/2007 | Commercial | $544,000 |
| 05/16/2005 | Commercial | $60,000 |
Source: Public records via Constellation Data Labs
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Frequently Asked Questions
How do I schedule a tour of 41 E University Ave?
We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 41 E University Ave.
They know commercial sales in the area well and can give you the guidance you need to buy with confidence.
How do I get more information about 41 E University Ave?
Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $3,850,000. We can talk through recent upgrades, potential seller motivation, how this mixed use compares to others in Champaign, and can even get you in to see the property quickly.
How much is the monthly mortgage payment for 41 E University Ave?
With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 41 E University Ave at around $24,838. This includes estimated property taxes and insurance.
Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.
How do I get pre-approved to buy 41 E University Ave?
Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.
Or, let us connect you with our preferred local lender in Champaign County. They will give you all of your available financing options, based on your specific situation and what is available to you.
Can I negotiate the asking price for 41 E University Ave?
In most cases, yes. Whether 41 E University Ave is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Champaign's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.
How do I make an offer on 41 E University Ave?
We can handle that for you. Our preferred local agent specializes in commercial sales in Champaign and can guide you through every step of the offer process.
You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.
What is the price per square foot for this home?
This home is listed at $3,850,000 with 22,052 sqft of space—that comes out to approximately $175 per square foot.
How long has this property been on the market?
41 E University Ave was listed on November 23, 2024, which means it's been on the market for 717 days.
Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.
When was this house built?
This home was built in 1913, making it approximately 113 years old.
What are the property taxes for 41 E University Ave?
The most recent public record shows annual property taxes for 41 E University Ave were approximately $35,143. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.
Is 41 E University Ave still available for sale?
Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.
Source: ez Home Search, MLS Data
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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Midwest Real Estate Data (MRED). All rights reserved.
Last Updated: November 10, 2026 at 04:34PM | Source: Midwest Real Estate Data (MRED) | MLS#: 12212107
