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    1101 N Prospect Ave Champaign, IL 61820

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    For Sale
    $500,000

    Former gas station with carwash, ample parking, great visibility.

    Lot size:
    0.44 Acres

    Property Features for 1101 N Prospect Ave

    General Information

    Lot size
    0.44 Acres

    Source: Carrie Tinucci-Troll Agent Carrie Tinucci-Troll

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Former Gas Station with Carwash

    This property, formerly a gas station, presents a purchase opportunity. Situated at the corner of Prospect and Bradley Ave, the site is located minutes from Interstate 74. The existing building spans 3,014 square feet and occupies a large lot that includes an additional building previously used as a car wash. The property benefits from ample parking and high visibility. Interested parties should inquire about site restrictions.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cardtronics ATM Atm

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Champaign
    County
    Champaign
    State
    Illinois
    Longitude
    -88.2582944
    Latitude
    40.1264515

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    FAQs

    What type of property is this?
    Gas station - Former gas station with carwash, ample parking, great visibility.
    Where is this gas station located?
    The property is located at 1101 N Prospect Ave Champaign, IL.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: - Large lot size suitable for redevelopment or expansion.; - Excellent visibility due to corner lot location at Prospect and Bradley Ave.; - Proximity to Interstate 74 provides convenient access.
    (331) 452-6860
    Request Owner's contact information
    1101 N Prospect Ave Champaign, IL 61820
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    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
    1101 N Prospect Ave Champaign, IL 61820
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