Multi-Tenant Storefront
For Sale
$850,000
1205 S Mattis Ave, Champaign, IL 61821
Established occupancy, dual-sided parking, and a recently replaced roof support ongoing commercial operations.
Property Size6,200 SF
Price / SF$137.10
Days on Market86
Property Features for 1205 S Mattis Ave
General Information
Standard status
Active
Size
6,200 SF
Building Details
Year Built
1977
Tenancy
Multi
Listing Agency:
LANDMARK REAL ESTATE
Listed By:
Rose Price · License #475122445
(217) 202-8843
Source:
Bktchicago
Added: Jul 21
Changed: Oct 6
Last Checked: Oct 7 at 4:34PM
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 LANDMARK REAL ESTATE
Investment Insights
Based on property information with market context.
This approximately 6,200-square-foot storefront property at 1205 S Mattis Ave in Champaign, Illinois, was built in 1977 and is occupied by three established tenants. The building includes parking at both the front and rear, providing on-site access for occupants and visitors.
A new roof was installed in 2025, addressing a major building component for the next owner. The combination of existing tenancy, commercial storefront configuration, and completed roof replacement provides a clearly defined operating profile for continued ownership.
A new roof was installed in 2025, addressing a major building component for the next owner. The combination of existing tenancy, commercial storefront configuration, and completed roof replacement provides a clearly defined operating profile for continued ownership.
Key Highlights
- Approximately 6,200 square feet of commercial building area
- Three established tenants in place
- New roof installed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,419
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,048,380
$1.0M
Cap Rate 7%
$748,843
$748.8K
Cap Rate 9%
$582,433
$582.4K
Market Conditions
NOI Build-Up for 6,200 SF
Gross rent
$81.8K $13.20/SF
− Vacancy
−$7.0K −$1.12/SF
EGI
$74.9K $12.08/SF
− OpEx
−$22.5K −$3.62/SF
NOI
$52.4K $8.45/SF
Area
Champaign County, IL
Vacancy
8.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,048,380
Cap Rate 7%
$748,843
Cap Rate 9%
$582,433
Alternative Uses
Best Use
Retail
$748.8K
$655.2K – $873.7K
NOI $52,419 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,292 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
577
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 61821, IL
29,057
Population
13,751
Households
2.1
Avg Household Size
36
Median Age
50%
College-Educated
95%
High-School Grad
7.7 sq mi
ZIP Area
3,774
Density / Sq Mi
$69,284
Median Household Income
$40,225
Median Earnings
$1,001
Median Rent
$174,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Flower Delivery Champaign IL — 1917 w springfield ave, champaign, il 61821
Frequently Asked Questions
What type of property is this?
Storefront property - Established occupancy, dual-sided parking, and a recently replaced roof support ongoing commercial operations.
Where is this storefront property located?
The property is located at 1205 S Mattis Ave Champaign, IL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Approximately 6,200 square feet of commercial building area; Three established tenants in place; New roof installed in 2025
