Jul. 18—Looking for a place to headquarter a business in the C-U area? You have plenty of options, from a former costume shop to a recently-shuttered manufacturing plant.
In the interest of keeping the public up to date on local properties of note, The News-Gazette’s checked in with real estate agents on the status of eight familiar sites that have been listed in recent months and years. While many remain up for sale, a few have recently come under contract.
Here’s the latest.
101-107 E. University Ave. and 102-106 E. Clark St., Champaign
2.25 acres (if purchased in its entirety)
Still on the market (no asking price listed)
Dallas & Co. Costumes & Magic closed in October 2020 after nearly 50 years in business.
Associate Michael Petrik said the property’s broker, Lee & Associates, is looking for a buyer who’d be interested in redeveloping the whole block and are targeting student housing developers who might be interested in building “mid-rise, mixed-use student apartments.”
Petrik said the commercial real estate firm is in talks with a number of groups, though nothing has been solidified yet.
229 S. Mattis Ave., Champaign
36.26 acres, with 304,910 square feet of building space
Under contract
Country Fair is currently owned by GMS Management, which put the property up for sale in September of 2022. The site includes a number of retail tenants and other businesses.
Champaign Senior Planner for Economic Development TJ Blakeman wrote in a June report to the city council that the site is under contract to a team of investors who are doing their due diligence before closing on the property.
“The potential buyers include a team led by The Matanky Realty Group and includes Shoora Savire LLC of Nevada and Lanlir LLC of California,” he said. “During ongoing discussions, the development team has indicated their interest in acquiring and redeveloping the entire site.”
Blakeman said that, as of July 11, the development team was “still doing their due diligence” and had not yet closed on the property.
Thirty percent of the center was vacant as of June, he said.
6 Convenience Center Rd., Champaign
0.48 acres with 9,000 square feet of building space
Still on the market
$1.25 million
Mosser’s Shoes is still open for the time being but recently announced its plans to close. Co-owner Jim Piercy said in a previous interview that the store may shut its doors in late September, depending on how long its inventory lasts.
“Reconstructed from an original bank site in 2006, the building features a 3,500 sq. ft. basement with 12 ft. ceiling heights, not included in the 5,500 sq. ft. footprint,” the listing states.
1201-1205 E. Grove Ave., Rantoul
3.55 acres with two buildings totaling 49,407 square feet
Under contract
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“It is under contract with a closing to take place by the end of this month,” Jill Guth said.
The shopping center’s tenants include County Market and CVS Pharmacy. Per the listing, there is also 2,100 square feet of available space, recently vacated by a local bank.
1505 E. Main St., Urbana
56.42 acres with over 269,000 square feet of interior space
Still on the market (no asking price listed)
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The Dart Container Corp. plant closed in October. It had been in operation since 1972 and started as a Solo Cup facility until Dart acquired the company in 2012.
According to the listing, the site is made up of six parcels, including four lots to the north that could be sold separately.
208 W. Curtis Rd., Savoy
2.5 acres with a 28,000-square-foot building and two small out buildings
Still on the market
$2.375 million
Listed by:
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With help from their son, Bob and Jeanne Householder have run Skateland since 2002 and are looking to retire. The Householders have said they plan to keep the business open until it’s sold and hope to find a buyer who will continue to operate it as a roller rink.
Per the listing from Guth and Associates, the sale can include the Skateland business and equipment.
“This property presents a versatile opportunity either to continue the long-standing, profitable skating rink business or to redevelop the large parcel and building for new uses given its strategic location and community growth potential,” the listing states.
703 N. Prospect Ave., Champaign
0.19 acres with a 1,396-square-foot building (which includes an upstairs apartment)
Still on the market
$500,000
Broker Carol Meinhart said the firm has seen a lot of interest in the site and also heard from past clientele who hope to see it reopen as a bar once more.
102 W. University Ave., Urbana
0.29 acres
Still on the market
$625,000
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Red’s was located at the property for over 45 years and can now be found at 2001 N. Kenyon Rd. John Kiser, managing broker with Burch Kiser Real Estate, said plans are to tear down the old auto shop and sell the lot.
“The building’s about ready to be torn down, so that’ll clear the site and help a little bit,” he said.
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