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    2108 W Springfield Ave Champaign, IL 61821

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    For Sale
    $425,000

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

    Property size:
    5,729 SF
    Lot size:
    0.49 Acres

    Property Features for 2108 W Springfield Ave

    General Information

    Size
    5,729 SF
    Lot size
    0.49 Acres

    Source: Coldwell Banker Commercial Devonshire Realty Agent AJ Thoma III

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

    Overview

    Champaign Freestanding Office Building For Sale

    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.
    Insight Report Location Intelligence

    Current Use by Public Records

    Tom Cox - State ... Insurance Agency Oriental Wellness Massage Spa Smith Cheryl E ... Accountant Sherry's Shear Hair ... Barber Shop

    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
    -88.284368
    Latitude
    40.113327

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    FAQs

    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 $425,000.
    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.
    (217) 520-3299
    Request Owner's contact information
    2108 W Springfield Ave 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
    2108 W Springfield Ave Champaign, IL 61821
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