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    Bi-Level Retail Facility For Sale Title is generated by Realmo AI

    6 Convenience Center Road, Champaign, IL 61820

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    COMMERCIAL - Champaign, IL

    Type:Retail
    Property size:
    5,500 SF
    Lot size:
    0.48 Acres
    Added:
    Oct 9, 2025
    Days on Market:
    225
    Last Refresh:
    May 21 at 3:06 pm

    Property Features for 6 Convenience Center Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    COMMR
    Standard status
    Active
    APN
    412001226002
    Size
    5,500 SF
    Lot size
    0.48 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Lot 6 Market Place Sub
    Tax Annual Amount
    29449

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1990
    Floors in Building
    1
    Number of units
    1

    We can help!

    Listing Contact
    J Leman

    Listing agent J Leman License #475184798

    Listing office eXp Realty-Champaign 301 N Neil St Ste 338, Chicago, IL

    Listing date Oct 9, 2025

    MLS# 12490492

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime out lot location within Champaign County's Market Place Mall.
    • Standalone bi‑level retail facility on half an acre.
    • 5,500 sq. ft. footprint with an additional 3,100 sq. ft. basement.
    • Basement with 12 ft. ceiling heights ideal for storage and operations.
    • Reconstructed in 2006.
    • Exquisite central showroom area.

    Overview

    This standalone bi-level retail facility is available for sale or lease at a negotiable rate. Set on half an acre, the property is positioned on a prime out lot of Champaign County's foremost shopping hub, the Market Place Mall. Originally established as a bank, the property underwent a comprehensive reconstruction in 2006. It boasts a 3,100 sq. ft. basement with 12 ft. ceiling heights, which is not factored into the overall 5,500 sq. ft. footprint. This supplementary space is ideal for back-end operations as well as inventory and storage needs. As a result, the main level is primarily devoted to sales, featuring strategically placed stockrooms and restrooms. The owners have thoughtfully reimagined the property to highlight an exquisite central showroom area. The property is located at 6 Convenience Center Road, Champaign, IL 61820, in Champaign County, Illinois, with a zoning designation of COMMR.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mosser's Shoes Clothing & Fashion Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Lowe's Home Improvement — 1904 N Prospect Ave, Champaign, IL 61822

    Location Insight

    • Map
    • Local Demand
    City
    Champaign
    County
    Champaign
    State
    Illinois
    Longitude
    -88.2416926
    Latitude
    40.14021

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    FAQs

    What type of property is this?
    Showroom - Unique bi-level retail facility on prime shopping hub outlot.
    Where is this showroom located?
    The property is located at 6 Convenience Center Road Champaign, IL.
    What are key features of this property?
    This property features: Prime out lot location within Champaign County's Market Place Mall.; Standalone bi‑level retail facility on half an acre.; **5,500 sq. ft. footprint with an additional 3,100 sq. ft. basement.**
    (888) 574-9405
    We can help!
    Listing Contact
    J Leman
    Real Estate License ID: 475184798
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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.

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