1204 S Lincoln Ave Urbana, IL 61801

This building is beautiful and is exploding with charm. Built in 1918, this property was designed as a fraternity house but has so much potential to be used for other purposes. It is zoned R-7 University Residential Zoning District, which permits a boarding or rooming house, dormitory dwelling, community living facility, multiple-unit common-lot-line, church, temple, business mixed-use planned unit development, bed and breakfast (owner occupied), and more! This well maintained 3-story, 65 bed property is perfectly located in an opportunity zone and includes 17,255 SF and features 15 bedrooms on the 2nd floor and 9 on the 3rd floor with dorm style bathrooms. The main floor includes a living room, sun room/courtroom, tv room, dining room, and a commercial kitchen that has the prep ability for 100-300 people. The basement includes a laundry room, and storage. This property is in a prime location near campus with close proximity to shopping and restaurants. Don't miss this opportunity!