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608 Town Center Blvd Champaign, IL 61822

Sponsored
For Sale
$2,150,000

High-yield restaurant & development land

Property size:
5,800 SF

Description

Added:
Feb 3, 2025
Days on Market:
339
This exceptional Champaign, IL commercial property offers a lucrative investment opportunity. The 5,800 sq ft restaurant, situated on a major corridor connecting North Prospect shopping center and Marketplace Mall, is currently leased for five years with two five-year renewal options, generating a gross monthly rent of $7,500. The property boasts a prime location, just one block west of the new Costco within the mall complex. In addition to the thriving restaurant, the property includes nearly two acres of land, with one acre currently vacant and available for development. Plans allow for the construction of an additional 6,000 sq ft building, presenting significant expansion potential. The entire property is offered at $2,150,000. Alternatively, the vacant acre can be purchased separately for $1,100,000. This presents a unique chance to acquire a high-performing restaurant with substantial future development possibilities in a rapidly growing commercial area. The existing lease provides immediate income, while the vacant land offers significant long-term growth potential. This property is ideal for investors seeking a blend of stable income and future development upside. The location's proximity to major retail anchors ensures high visibility and strong tenant demand.

Property Features for 608 Town Center Blvd

General Information

Property type
Other commercial real estate
Square Feet
5,800 SF

Building Details

Year Built
1999

Property Profile Location Intelligence

Current Use by Public Records

Las Palmas Mexican ... Mexican Restaurant

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Accounting Firm

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

Location Insight

  • Map
  • Local Demand
City
Champaign
County
Champaign
State
Illinois
Longitude
-88.25197
Latitude
40.14312

FAQs

What type of property is this?
Commercial real estate - High-yield restaurant & development land
Where is this commercial real estate located?
The property is located at 608 Town Center Blvd Champaign, IL.
What is the asking price?
The asking price for this property is $2,150,000.
More about this property
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