Listing Agency: Coldwell Banker Commercial Devonshire Realty a**@cbcdr.com Show Phone

Listed By: AJ Thoma III Show Phone

Source: Moodyscre

Added: Dec 2, 2024 Changed: Aug 12 Last Checked: Aug 20 at 9:42AM

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Investment Insights

Based on property information with market context.

This freestanding office building, constructed in 1970, is located in Champaign, Illinois. The building contains seven suites. There are six smaller suites: Suite 1&3 comprises 1,370 square feet, Suite 2 contains 953 square feet, Suite 4 offers 1,134 square feet, Suite 5 includes 795 square feet, Suite 6 provides 641 square feet, and Suite 7 consists of 836 square feet. Suites 1/3 and 6 are currently available for lease, while Suites 2, 4, 5, and 7 are currently leased. Each suite has its own restroom(s) and could be combined with other suites. The total property size is 5,729 square feet.

Key Highlights

• Freestanding office building in Champaign, IL.
• Multi‑tenant building with seven suites.
• Suites can be combined.

Property Analytics

Property Profile

Current Use

Tom Cox - State ... Insurance Agency Oriental Wellness Alternative Medicine Practice Smith Cheryl E ... Accounting Firm Sherry's Shear Hair ... Barber Shop

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Bakery Locksmith Catering Service Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

874

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Freestanding office building in Champaign, Illinois, with multiple suites.

Where is this office building located?

The property is located at 2108 W Springfield Ave Champaign, IL.

What is the asking price?

The asking price for this property is $375,000.

What are key features of this property?

This property features: Freestanding office building in Champaign, IL.; Multi‑tenant building with seven suites.; Suites can be combined.