Courtesy: RE/MAX REALTY ASSOCIATES-CHA
217-352-5700
Prime Commercial Building Site with Additional Adjoining Plots Discover an exceptional investment opportunity in the thriving neighborhood business district of Savoy, adjacent to Champaign. This offering includes a key 1/2-acre site recently zoned for the development of up to an 8-unit apartment building, along with two additional adjoining plots, which being sold separately or could be packaged as one total. Together, they create an expansive package deal for a comprehensive development project. Ideal for 1031 Exchange Buyers: This combined property presents an unparalleled chance for 1031 exchange buyers seeking a significant investment in a high-potential area. Prime Location: Located near major arterial roads, this site ensures easy access to exceptional air transportation facilities, blending connectivity with convenience. Center of Prosperity: Nestled in an upscale area, these plots are surrounded by a plethora of shopping options, premium service providers, and a variety of restaurants, epitomizing a high-end lifestyle. This is a rare opportunity to own a significant portion of prime real estate in one of the most sought-after locations. Offering more than just a building site, this is a gateway to a transformative project in a rapidly growing community. Seize the chance to make a landmark investment in a flourishing district.
Courtesy: RE/MAX REALTY ASSOCIATES-CHA
217-352-5700
For Sale: Prime 1-Acre Commercial Building Site with Versatile Development Potential Explore a remarkable investment opportunity in the dynamic neighborhood business district of Savoy, adjacent to Champaign. This prime 1-acre site, previously zoned for diverse commercial use, is an ideal location for a 5,000 sq. ft. retail or professional building. Exceptional Opportunity for 1031 Exchange Buyers: This property offers a unique investment prospect for 1031 exchange buyers aiming to expand their portfolio in a high-demand area. Strategic Location: Perfectly situated near key arterial roads, the site provides seamless access to outstanding air transportation, ensuring ease of connectivity and convenience for future businesses. Surrounded by Affluence: This plot is nestled in an upscale region, surrounded by high-end shopping destinations, elite service providers, and a variety of exquisite dining options, catering to a sophisticated clientele. In addition to the main site, two adjoining plots are available, presenting a rare chance for a comprehensive package deal. This opportunity is more than just a building site; it's a pathway to establishing a prominent commercial presence in a rapidly growing and affluent community. Don't miss out on the chance to develop a landmark project in one of the most desirable locations.
Courtesy: RE/MAX REALTY ASSOCIATES-CHA
217-352-5700
Prime Commercial Building Site with Additional Adjoining Plots Discover an exceptional investment opportunity in the thriving neighborhood business district of Savoy, adjacent to Champaign. This offering includes a key 1/2-acre site recently zoned for the development of up to an 8-unit apartment building, along with two additional adjoining plots, which being sold separately or could be packaged as one total. Together, they create an expansive package deal for a comprehensive development project. Ideal for 1031 Exchange Buyers: This combined property presents an unparalleled chance for 1031 exchange buyers seeking a significant investment in a high-potential area. Prime Location: Located near major arterial roads, this site ensures easy access to exceptional air transportation facilities, blending connectivity with convenience. Center of Prosperity: Nestled in an upscale area, these plots are surrounded by a plethora of shopping options, premium service providers, and a variety of restaurants, epitomizing a high-end lifestyle. This is a rare opportunity to own a significant portion of prime real estate in one of the most sought-after locations. Offering more than just a building site, this is a gateway to a transformative project in a rapidly growing community. Seize the chance to make a landmark investment in a flourishing district.
Courtesy: SVN
North Star
The property is situated across the street from a planned development for Savoy. This makes the location a perfect site for revitalization or redevelopment with a prime location on a hard corner, easy access to an interstate, and a regional airport nearby. Over 18,800 cars per day. pass this site. This combination of factors can indeed open up various possibilities for different types of projects. The area is surrounded by a mix of residential and commercial properties, providing ample opportunities for foot traffic and exposure. Additionally, the property is situated near major highways and transportation options, making it easy to access and attract customers from a wider area. There is also the potential of Tax Increment Financing (TIF).
Savoy is located in Illinois. Savoy, Illinois has a population of 8,793. Savoy is more family-centric than the surrounding county with 41.91% of the households containing married families with children. The county average for households married with children is 30.63%.
The median household income in Savoy, Illinois is $78,584. The median household income for the surrounding county is $56,939 compared to the national median of $69,021. The median age of people living in Savoy is 35.4 years.
The average high temperature in July is 84.3 degrees, with an average low temperature in January of 16.6 degrees. The average rainfall is approximately 40.7 inches per year, with 20.4 inches of snow per year.
