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    1701 Rion Dr Champaign, IL 61822

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    For Sale
    $675,000

    3.28 acre commercial lot in Olympian North Business Park.

    Property size:
    3 SF
    Lot size:
    3.28 Acres

    Property Features for 1701 Rion Dr

    General Information

    Size
    3 SF
    Lot size
    3.28 Acres

    Source: Carrie Tinucci-Troll Agent Carrie Tinucci-Troll

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

    Overview

    Champaign Commercial Lot on I-57

    This 3.28-acre commercial lot is situated in the Olympian North Business Park at 1701 Rion Dr. in Champaign, Illinois. The property is located on Champaign's near north side at exit 328 of Interstate-57, the first exit into Champaign city limits from the north on I-57. The lot was initially developed to accommodate a hotel property. The Olympian North Business Park also includes a Dairy Queen Grille & Chill, Circle K, Microtel Inn by Wyndham, and Epiworks, Inc. The property is located on the I-57 corridor and features existing infrastructure. A 4-acre lake is contiguous to the property's south border.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Pharmacy Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Champaign
    County
    Champaign
    State
    Illinois
    Longitude
    -88.2740577
    Latitude
    40.1593186

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    FAQs

    What type of property is this?
    Commercial land - 3.28 acre commercial lot in Olympian North Business Park.
    Where is this commercial land located?
    The property is located at 1701 Rion Dr Champaign, IL.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: - Prime location at the first exit (238) into Champaign from the north on I-57, offering high visibility and accessibility.; - Substantial 3.28-acre vacant commercial lot suitable for development.; - Situated within the established Olympian North Business Park.
    (331) 452-6860
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    1701 Rion Dr Champaign, IL 61822
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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
    1701 Rion Dr Champaign, IL 61822
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