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608 W Town Center Blvd Champaign, IL 61822

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For Sale
$2,500,000

Two-acre commercial property with restaurant and vacant land.

Property size:
5,800 SF

Property Features for 608 W Town Center Blvd

General Information

Standard status
Active
Size
5,800 SF

Building Details

Year built
1999

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Listing Contact
Hazem Jaber
Hazem Jaber
Source: Exitrealty

Listing Agency: Coldwell Banker R.E. Group Listing Agent: Hazem Jaber

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

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Overview

Prime Commercial Property with Restaurant

This commercial property is located on a major corridor near the North Prospect shopping center and Marketplace Mall. The property includes a 5,800 sq. ft. restaurant leased to a tenant for five years, with an option to renew for another five years, generating a monthly income of $8,300. Adjacent to the restaurant is a vacant acre of land, suitable for constructing a 6,000 sq. ft. building for retail or professional use. A new Costco is located one block to the west, enhancing the area's commercial appeal. The property is suitable for various business ventures and is located in a thriving community.
Location Intelligence

Current Use by Public Records

Las Palmas Mexican ... Restaurant

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

Similar Places Nearby

Chinatown Buffet

Location Insight

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  • Local Demand
City
Champaign
County
Champaign
State
Illinois
Longitude
-88.2520506
Latitude
40.1432032

FAQs

What type of property is this?
Conventional restaurant - Two-acre commercial property with restaurant and vacant land.
Where is this conventional restaurant located?
The property is located at 608 W Town Center Blvd Champaign, IL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: - Prime location on a major commercial corridor near North Prospect shopping center and Marketplace Mall.; - Existing 5,800 sq. ft. restaurant leased for 5 years with a 5-year renewal option, generating $8,300 per month in income.; - Adjacent vacant acre allows for construction of a 6,000 sq. ft. building for retail, professional, or restaurant expansion.
More about this property
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