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    For Sale (51)

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    Champaign Land Near Interstate 57
    $700,000
    2.24 Acres

    Champaign Land Near Interstate 57

    2.24 acres near I-57, suitable for hotel or warehouse.

    1609 Rion Dr, Champaign, IL 61822
    View details
    Longview Vacant Lot For Sale
    Contact for pricing
    0.29 Acres

    Longview Vacant Lot For Sale

    Vacant lot with septic system in Longview, Illinois.

    107 Sheridan St, Longview, IL 61852
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    Commercial Opportunity in Downtown Tuscola
    $129,900
    2,800 SF

    Commercial Opportunity in Downtown Tuscola

    Commercial property with potential for various business ventures in Tuscola.

    103 N Main St, Tuscola, IL 61953
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    Established Bar and Grill Opportunity
    $139,900
    0.15 Acres

    Established Bar and Grill Opportunity

    Well-established bar and grill with recent updates in Sidell, IL.

    114 E Market St, Sidell, IL 61876
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    Commercial Land Near Sports Complex
    $563,000
    5.63 Acres

    Commercial Land Near Sports Complex

    5.63 acre commercial development opportunity off Interstate 57.

    2995 County Road 1400 E, Rantoul, IL 61866
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    Commercial Property in Ogden, Illinois
    $235,000

    Commercial Property in Ogden, Illinois

    Commercial property for sale in Ogden, Illinois.

    111 S East Ave, Ogden, IL 61859
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    Versatile Commercial Property in Champaign
    $949,900
    5.00 Acres

    Versatile Commercial Property in Champaign

    Warehouse, office, acreage, and single-family rental near I-57.

    1069 County Road 900, Champaign, IL 61822
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    Prime Land Near University
    $1,200,000
    3.12 Acres

    Prime Land Near University

    3.12-acre parcel near the University of Illinois.

    1301 N Lincoln Ave, Urbana, IL 61801
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    Champaign Retail Opportunity
    $1,700,000
    0.09 Acres

    Champaign Retail Opportunity

    Retail space for sale in Champaign, Illinois.

    606 S 6Th St, Champaign, IL 61820
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    Residential Lot in Sidell, IL
    Contact for pricing

    Residential Lot in Sidell, IL

    Land for modular or manufactured home in Sidell, Illinois.

    302 E Market St, Sidell, IL 61876
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    Commercial Land Near Main Street
    $30,000
    0.91 Acres

    Commercial Land Near Main Street

    0.91 acre commercial lot with endless opportunities in Sidney, IL.

    413 W Main St, Sidney, IL 61877
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    Urbana Commercial Property For Sale
    $175,000
    3,000 SF

    Urbana Commercial Property For Sale

    Versatile commercial building in Urbana with convenient interstate access.

    4904 N Cunningham Ave, Urbana, IL 61802
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    Champaign Multifamily Building For Sale
    $249,900

    Champaign Multifamily Building For Sale

    Six-unit building in Champaign, ideal for future development.

    1013 W Church St, Champaign, IL 61820
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    Champaign Commercial Property for Sale
    $1,200,000
    0.66 Acres

    Champaign Commercial Property for Sale

    Commercial property available in Champaign, Illinois.

    32 E Green St, Champaign, IL 61820
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    Fully Leased Urbana Multifamily Property
    $275,000
    0.23 Acres

    Fully Leased Urbana Multifamily Property

    Five-unit building near downtown Urbana, fully leased with remodeling.

    202 S Grove St, Urbana, IL 61802
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    Turnkey Bar and Grill Opportunity
    $89,900
    0.39 Acres

    Turnkey Bar and Grill Opportunity

    Fully equipped bar and grill for sale in Penfield.

    105 Main St, Penfield, IL 61862
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    Urbana Commercial Land For Sale
    $475,000
    1.06 Acres

    Urbana Commercial Land For Sale

    Prime commercial land parcel in Urbana, Illinois, with high visibility.

    905 W Killarney St, Urbana, IL 61801
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    Residential Lot in Paradise Bay
    $36,900
    1.14 Acres

    Residential Lot in Paradise Bay

    1.14-acre residential lot near Raccoon Lake in Rockville, IN.

    S Paradise Bay Blvd, Rockville, IN 47872
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    Champaign Multifamily Property For Sale
    $239,900
    0.22 Acres

    Champaign Multifamily Property For Sale

    Four-unit property with updates and redevelopment potential in Champaign, IL.

    1011 W Church St, Champaign, IL 61821
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    Prime Commercial Corner Parcel
    $49,900
    2.33 Acres

    Prime Commercial Corner Parcel

    2.33 acre commercial lot with high visibility and accessibility.

    1316 Yakel St, Rantoul, IL 61866
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    Moss Lake Residential Land
    Contact for pricing
    1.53 Acres

    Moss Lake Residential Land

    1.53-acre lot with lake views and utilities available.

    11 Moss Dr, Farmer City, IL 61842
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    Moss Lake Residential Land
    Contact for pricing
    2.26 Acres

    Moss Lake Residential Land

    2.26-acre lot with lake views and utilities available.

    52 Moss Dr, Farmer City, IL 61842
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    Historic Schoolhouse Multifamily Opportunity
    $315,000

    Historic Schoolhouse Multifamily Opportunity

    Unique multifamily property with expansion potential in historic schoolhouse.

    325 S 3Rd St, De Land, IL 61839
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    Greencroft Homesite Near Country Club
    $399,999
    0.54 Acres

    Greencroft Homesite Near Country Club

    Luxury homesite in established community near Champaign Country Club.

    21 Greencroft Dr, Champaign, IL 61821
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    Veterinary Clinic with Crematory Business
    $2,000,000
    4.80 Acres

    Veterinary Clinic with Crematory Business

    Turnkey veterinary clinic with living quarters and crematory business.

    854 County Road 2100, Sidney, IL 61877
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    Downtown Urbana Retail Condominium
    $459,900
    7,560 SF

    Downtown Urbana Retail Condominium

    Prime retail condominium in downtown Urbana with renovated space.

    110 W Main St, Urbana, IL 61801
    View details
    Rantoul Commercial Development Opportunity
    $4,000,000
    40.00 Acres

    Rantoul Commercial Development Opportunity

    40-acre commercial land near I-57 in Rantoul, Illinois.

    2990 County Road 1400 E, Rantoul, IL 61866
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    St. Joseph Buildable Lot
    $60,000
    3.32 Acres

    St. Joseph Buildable Lot

    3.32-acre wooded lot in Heather Hills subdivision, St. Joseph, IL.

    2250 Heather Hills Dr, Saint Joseph, IL 61873
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    Urbana Homesite in Stone Creek
    $104,500
    0.46 Acres

    Urbana Homesite in Stone Creek

    0.46-acre homesite in Urbana's premier golf course community.

    2814 Castlerock Dr, Urbana, IL 61802
    View details
    Champaign Multi-Family Investment Opportunity
    $289,000
    0.20 Acres

    Champaign Multi-Family Investment Opportunity

    Four-unit building near downtown, shopping, and parks.

    403 W Columbia Ave, Champaign, IL 61820
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    Tuscola Commercial Building For Sale
    $365,000
    0.80 Acres

    Tuscola Commercial Building For Sale

    Prime location commercial building with high traffic and business potential.

    901 E Southline Rd, Tuscola, IL 61953
    View details
    5-Acre Lot on Moss Lake
    $59,000
    5.00 Acres

    5-Acre Lot on Moss Lake

    Build your dream home with serene lake views.

    10 Moss Dr, Farmer City, IL 61842
    View details
    Champaign Land Ready to Develop
    $399,900
    1.02 Acres

    Champaign Land Ready to Develop

    Over an acre of land ready to develop in Champaign.

    2404 W John St, Champaign, IL 61821
    View details
    Camargo Commercial Property on US-36
    $199,900
    4,193 SF

    Camargo Commercial Property on US-36

    Commercial property on 1.6 acres with business potential.

    1500 Us Highway 36, Camargo, IL 61919
    View details
    Commercial Development Opportunity Near I-57
    $4,000,000

    Commercial Development Opportunity Near I-57

    Commercial land for development near Rantoul Family Sports Complex.

    2985 County Road 1400 E, Rantoul, IL 61866
    View details
    Potomac Car Wash and Laundromat
    $84,900

    Potomac Car Wash and Laundromat

    Three-bay car wash and laundromat in Potomac, Illinois.

    105 W State St, Potomac, IL 61865
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    Commercial Land Near Sports Complex
    $563,000

    Commercial Land Near Sports Complex

    Commercial development opportunity near Interstate 57 and Rantoul.

    2995 County Road 1400 E, Rantoul, IL 61866
    View details
    Rantoul Commercial Development Opportunity
    $4,000,000

    Rantoul Commercial Development Opportunity

    Commercial land near Interstate 57 and Rantoul Family Sports Complex.

    2990 County Road 1400 E, Rantoul, IL 61866
    View details
    Veterinary Clinic with Living Quarters
    $1,999,900
    2,900 SF

    Veterinary Clinic with Living Quarters

    Turnkey veterinary clinic with living quarters and expansion potential.

    854 County Road 2100 E, Sidney, IL 61877
    View details
    Updated Bar & Grill Opportunity
    $235,000
    3,910 SF

    Updated Bar & Grill Opportunity

    Well-maintained bar and grill with recent updates and renovations.

    107 E Yates St, Newman, IL 61942
    View details
    Tuscola Commercial Building Opportunity
    $365,000

    Tuscola Commercial Building Opportunity

    Large, open concept building in prime Tuscola location.

    901 E Southline Rd, Tuscola, IL 61953
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    Versatile Commercial Building For Sale
    $250,000

    Versatile Commercial Building For Sale

    Adaptable building suitable for various business ventures, for sale or lease.

    330 N Gilbert St, Danville, IL 61832
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    Camargo Commercial Property on US 36
    $199,900
    4,193 SF

    Camargo Commercial Property on US 36

    Commercial property on 1.6 acres with potential for various businesses.

    1500 E Us Highway 36, Camargo, IL 61919
    View details
    Veterinary Clinic with Living Quarters
    $2,000,000
    2,000 SF

    Veterinary Clinic with Living Quarters

    Turnkey veterinary clinic with living quarters and expansion potential.

    854 County Road 2100, Sidney, IL 61877
    View details
    Commercial Land Near Sports Complex
    $4,000,000

    Commercial Land Near Sports Complex

    Commercial development opportunity near Interstate 57 and Rantoul.

    2985 County Road 1400 E, Rantoul, IL 61866
    View details
    Commercial Land Near Sports Complex
    $4,000,000

    Commercial Land Near Sports Complex

    Commercial development opportunity near Interstate 57 and Rantoul.

    2990 County Road 1400 E, Rantoul, IL 61866
    View details
    Commercial Land Near Sports Complex
    $563,000

    Commercial Land Near Sports Complex

    Commercial development opportunity near Interstate 57 and Rantoul.

    2995 County Road 1400 E, Rantoul, IL 61866
    View details
    Downtown Urbana Retail Condominium
    $459,900
    6,200 SF

    Downtown Urbana Retail Condominium

    Prime retail condominium in downtown Urbana with renovated space.

    110 W Main St, Urbana, IL 61801
    View details
    Land For Sale
    $533,250

    Land For Sale

    Land available for sale in Homer, Illinois.

    1332 South Homer Lake Rd, Homer, IL 61849
    View details
    Champaign Land For Sale
    $700,000

    Champaign Land For Sale

    Land available on Rion Drive in Champaign, Illinois.

    1609 Rion Dr, Champaign, IL 61822
    View details
    Commercial Property in Penfield, Illinois
    $89,900

    Commercial Property in Penfield, Illinois

    Commercial property for sale in Penfield, Illinois.

    105 Main St, Penfield, IL 61862
    View details

    For Lease (7)

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    Office Space in Peoria, IL
    Contact for pricing
    30,492 SF

    Office Space in Peoria, IL

    Office space available for rent in Peoria, Illinois.

    2420 W Nebraska Ave, Peoria, IL 61604
    View details
    Decatur Commercial Space For Rent
    Contact for pricing
    65,340 SF

    Decatur Commercial Space For Rent

    Commercial property available for lease in Decatur, Illinois.

    1501 E Eldorado St, Decatur, IL 62521
    View details
    Peoria Office Space For Rent
    Contact for pricing
    43,560 SF

    Peoria Office Space For Rent

    2,525 SF office space with excellent accessibility and visibility.

    1820 N Sterling Ave, Peoria, IL 61604
    View details
    Commercial Space in Champaign, IL
    Contact for pricing
    44,000 SF

    Commercial Space in Champaign, IL

    Versatile commercial unit suitable for various small businesses.

    902 N Country Fair Dr, Champaign, IL 61821
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    Commercial Space in Champaign, IL
    Contact for pricing
    44,000 SF

    Commercial Space in Champaign, IL

    Versatile commercial unit suitable for various small businesses.

    902 N Country Fair Dr, Champaign, IL 61821
    View details
    Unique Commercial Unit in Champaign
    Contact for pricing

    Unique Commercial Unit in Champaign

    1920 SF unit with office, storage, and overhead door.

    706 Bloomington Rd, Champaign, IL 61821
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    Colton Warehouse with Office Space
    $0.89 SF/Yr
    40,000 SF

    Colton Warehouse with Office Space

    40,000 SF warehouse with 1,000 SF office for lease.

    555 Birch Ct, Colton, CA 92324
    View details

    Leases and Sales on Map

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    Keller Williams The Real Estate Center of Illinois, LLC
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Keller Williams The Real Estate Center of Illinois, LLC
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