Fraternity / Sorority House or Development Site

Description:

The Property is situated in a prime location on the University of Illinois at Urbana-Champaign campus (59,238 students) and provides an exceptional opportunity for a fraternity, sorority or student housing developer.
1110 S Second Street holds a prominent position between Armory Avenue and Gregory Drive, just west-by-southwest of the Illini Union, Main Quad and the broader University of Illinois campus. Its convenient location ensures easy walking access to academic buildings, Memorial Stadium, State Farm Center and the ARC.

Coldwell Banker Commercial Devonshire Realty (CBCDR) is proud to exclusively offer for sale an incredible fraternity / sorority house on the University of Illinois at Urbana-Champaign campus at 1110 S Second Street, Champaign, IL (the “Property”). The Property is a historic Greek house built in 1928 in the French Eclectic design that has key architectural features including a stucco and limestone exterior, a stair tower, casement windows, and a hip roof with flared eaves. The Property was remodeled in 2009 and is heated and cooled, sprinkled throughout and features elevator access to all floors, and has three staircases for additional ingress and egress.
This three-story house has 20 individual bedrooms with capacity for 36, with 12 bedrooms and a large restroom on the second floor and 8 bedrooms and a large restroom on the third floor. The basement features a large kitchen and dining/chapter room, laundry, study lounge, and exercise room, while the first floor is configured with two large living rooms, library, study room, recreation room, and restroom.
Due to its incredible location on the University of Illinois campus, the Property is also uniquely positioned as a student housing development site. The MFUniv zoning allows for a maximum height of 75′ with no floor-to-area ratio (FAR) or open space reserve (OSR) requirements, minimal setbacks (10′ F x 5′ S & R), and no parking requirements for apartments.

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