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    2312 Springfield Ave Champaign, IL 61821

    Sponsored
    For Sale
    $425,000

    Prime Champaign location, high-income potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 3,075-square-foot mixed-use property in Champaign, Illinois, presents a compelling investment opportunity. Located at 2312 W Springfield Avenue, this property sits on a half-acre lot and boasts ample parking for 55+ vehicles. Previously operating as a successful restaurant, this turnkey operation offers immediate income potential and is adaptable to a variety of business ventures. Its strategic location, just two blocks west of a newly established Starbucks, ensures high visibility and significant foot traffic in a desirable area. The property benefits from its proximity to a thriving business district, attracting a steady stream of potential customers. Furthermore, the property is eligible for various state and local small business support programs, offering additional incentives for prospective buyers. The building is being sold AS-IS. This property is ideal for entrepreneurs seeking a ready-to-go business or investors looking for a strong return on investment in a high-growth area. The combination of a prime location, existing infrastructure, and potential for future expansion makes this a truly unique opportunity. The asking price is $425,000, and seller financing is available for qualified buyers.

    Property Features for 2312 Springfield Ave

    General Information

    Property type
    Mixed-use properties

    Building Details

    Year Built
    1979
    Property Profile Location Intelligence

    Current Use by Public Records

    Cao's Chinese Restaurant- ... Hot Pot Restaurant Da Shark Fast Food Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -88.2858
    Latitude
    40.11312

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Champaign location, high-income potential.
    Where is this mixed-use property located?
    The property is located at 2312 Springfield Ave Champaign, IL.
    What is the asking price?
    The asking price for this property is $425,000.
    (217) 888-8585
    Request Owner's contact information
    2312 Springfield Ave Champaign, IL 61821
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    Champaign, IL 61821
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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
    2312 Springfield Ave Champaign, IL 61821
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