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    1903 Convenience Pl Champaign, IL 61820

    Sponsored
    For Sale
    $3,335,213

    High-Income Generating Commercial Property

    Property size:
    4,980 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    343
    This exceptional investment opportunity presents a 4,980 square foot free-standing commercial building situated on a 1.24-acre lot at 1903 Convenience Place, Champaign, Illinois. The property is currently occupied by a Panera Bread franchise under a long-term lease, providing significant and stable income generation. The original lease commenced on August 29, 2005, and has a substantial remaining term, expiring on December 31, 2033. This provides a considerable period of predictable cash flow for the investor. The current annual rent is $204,938, with a built-in 10% rent increase scheduled after the fifth year of the lease, ensuring future growth in rental income. This established Panera Bread location benefits from its prominent position in a high-traffic area of Champaign, attracting a consistent flow of customers. The property's size and location make it an ideal investment for those seeking a secure, long-term, high-yield commercial real estate asset. The property's strong tenant history and the length of the remaining lease term offer significant financial stability and potential for appreciation. Detailed financial information, including the operating statement, is available upon request. This is a rare opportunity to acquire a well-established, income-producing property in a desirable location. Don't miss out on this exceptional investment prospect.

    Property Features for 1903 Convenience Pl

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,980 SF
    Lot Size
    54,014 SF

    Building Details

    Year Built
    2005
    Property Profile Location Intelligence

    Current Use by Public Records

    Panera Bread Caterer

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Champaign
    County
    Champaign
    State
    Illinois
    Longitude
    -88.24315
    Latitude
    40.13851

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    FAQs

    What type of property is this?
    Commercial real estate - High-Income Generating Commercial Property
    Where is this commercial real estate located?
    The property is located at 1903 Convenience Pl Champaign, IL.
    What is the asking price?
    The asking price for this property is $3,335,213.
    Request Owner's contact information
    1903 Convenience Pl Champaign, IL 61820
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    Realmo Value Estimation

    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.

    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.

    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
    1903 Convenience Pl Champaign, IL 61820
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