GREEK / STUDENT HOUSING OPPORTUNITY Listing Details & Market Data

Coldwell Banker Commercial Devonshire Realty (CBCDR) is proud to exclusively offer the opportunity to acquire 205 E Armory Avenue on the University of Illinois at Urbana-Champaign campus (the “Property”). This purpose-built fraternity house, constructed in 2009, occupies a strategic location at the corner of Armory Avenue and Arbor Street, directly opposite Washington “Frat” Park. Boasting a total area of +/- 20,832 square feet on +/- 0.59 acres, this three-story house with a basement encompasses 13 residential units featuring 46 bedrooms and has capacity for 84 occupants. The Property is equipped with a fully functional commercial-grade kitchen, a dining hall, a chapter room, numerous common areas, and an expansive wrap-around porch. The high-quality construction and finishes of the Property are evident in the entryway and lounge, which showcases wainscoting and coffered ceilings complemented by wood floors and a fireplace. The building is fully equipped with heating, cooling and sprinkler systems, and includes an elevator providing access to all floors. Furthermore, the Property benefits from its designation within a Qualified Opportunity Zone (QOZ), established under the 2017 Tax Cuts and Jobs Act to stimulate economic investment by providing preferential tax treatment for capital gains.