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    Remodeled Freestanding Building on Mattis Title is generated by Realmo AI

    1203 S Mattis Ave, Champaign, IL 61821

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    For Sale
    $349,000

    1,922 SF remodeled building with drive-thru on Mattis Avenue.

    Type:Office
    Property size:
    1,922 SF
    Price / SF:
    $181/SF
    Added:
    Mar 5, 2026
    Days on Market:
    72
    Last Refresh:
    Apr 5 at 8:44 pm

    Property Features for 1203 S Mattis Ave

    General Information

    Standard status
    Active
    Size
    1,922 SF
    Property subtype
    Office

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    Listing Contact
    Josh Markiewicz, CCIM
    Josh Markiewicz, CCIM

    Listing agent Josh Markiewicz, CCIM

    Listing office Coldwell Banker Commercial Devonshire Realty

    Listing date Mar 5, 2026

    Source Cbcworldwide

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

    All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Devonshire Realty

    HighLights

    • Fully remodeled in 2018.
    • High‑traffic location on Mattis Avenue with pylon signage.
    • Includes a drive‑thru lane.
    • Features three private offices, a conference room with kitchenette, and a reception area.
    • Ten rear parking spaces.
    • Surrounded by established retail, office, and residential development near national tenants like Panera Bread and Starbucks.

    Overview

    The property at 1203 S Mattis Avenue is a freestanding building with approximately 1,922 square feet, constructed in 1974 and fully remodeled in 2018. The interior layout features three private offices, a conference room equipped with a kitchenette, a reception area including a teller desk, multiple storage rooms, and two restrooms. The property also includes a drive-thru lane and pylon signage along Mattis Avenue. There are 10 parking spaces located at the rear of the building. Mattis Avenue is a well-traveled north-south corridor in Champaign, offering easy accessibility. The property's location is strategically positioned amidst established retail, office, and residential developments, benefiting from strong daytime and neighborhood traffic. Nearby businesses include Little Caesars, Panera Bread, PNC Bank, Jimmy John’s, and Starbucks, along with other national and local establishments.

    Financial Insights

    Value Estimation Calculated for Specialty Retail

    Conservative
    $241.3K
    NOI $21,718 @ 9.00% cap · cautious / downside scenario
    Moderate
    $310.3K
    NOI $21,718 @ 7.00% cap · market / base-case scenario
    Aggressive
    $434.4K
    NOI $21,718 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
    Calculated for Specialty Retail

    Component $ $/SF
    Gross rent $30.7k $15.96
    − Vacancy −$1.7k −$0.89
    EGI $29.0k $15.07
    − OpEx −$7.2k −$3.77
    NOI $21.7k $11.30
    1,922 SF · lease $15.96/SF/yr · vacancy 5.60% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Specialty Retail
    $310.3K
    $271.5K – $362.0K (±1% cap)
    NOI $21,718 @ 7.0% cap · market cap 6.22%
    Second Best
    Office B
    $279.5K
    $244.6K – $326.1K (±1% cap)
    NOI $19,564 @ 7.0% cap · market cap 5.61%
    Theoretical Best
    Office A
    $399.9K
    $349.9K – $466.5K (±1% cap)
    NOI $27,990 @ 7.0% cap · market cap 8.02%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Champaign County Schools ... Credit Union

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center 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
    -88.277
    Latitude
    40.1036

    FAQs

    What type of property is this?
    Office building - 1,922 SF remodeled building with drive-thru on Mattis Avenue.
    Where is this office building located?
    The property is located at 1203 S Mattis Ave Champaign, IL.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: Fully remodeled in 2018.; High‑traffic location on Mattis Avenue with pylon signage.; Includes a drive‑thru lane.
    More about this property
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