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    Property profile

    1101 N Prospect Ave Champaign, IL 61820

    FOR SALE
    Car washes
    Property ID
    US28-1465766
    Entity Owned 5-yr Hold Free & Clear
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    1101 N Prospect Ave, Champaign, IL 61820 For Sale 1 / 4
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    1101 N Prospect Ave, Champaign, IL 61820
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    Property summary

    AI-generated overview

    This exceptional 0.44-acre commercial land parcel, located at 1101 N. Prospect Ave. in Champaign, Illinois (APN 412011230020), presents a compelling investment opportunity. Priced at $500,000, the property boasts a prime location just minutes from Interstate 74, offering unparalleled accessibility and visibility. The site currently features a 3,014 square foot building and an additional structure, previously used as a car wash. Ample parking is available, enhancing the property's appeal for a variety of commercial uses. The corner location at Prospect and Bradley Avenues ensures high traffic exposure. While the property offers significant potential, prospective buyers are encouraged to inquire about any existing site restrictions. This is an ideal opportunity to capitalize on the strong commercial activity in this thriving Champaign, Illinois location. The property's size and strategic positioning make it suitable for a range of commercial developments. Serious inquiries are welcome.

    Property profile

    Verified
    Property type Car washes
    Use group CAR WASH
    APN 412011230020
    UPID US28-1465766

    Cap rate & NOI

    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors

    Current use

    Occupant on record · Public records
    • Atm
    1 occupant on record

    Location

    1101 N Prospect Ave Champaign, IL 61820
    Champaign metro Census 901 CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA
    Google Maps

    Value estimations

    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $810k

    Owner & transaction history

    since 2021
    Last sale
    $749,000
    3 recorded transactions
    2021
    $749,000
    2001
    $1.2M
    2001
    $25,000

    Comparables

    6 recent transactions · within 1.5 mi
    Comparable in this city
    6 recent transactions

    Comparable in this City

    • Value Estimation
      $5,430,000
      1.19 Acres
      302 Devonshire Dr
      CAR WASH
      302 Devonshire Dr, Champaign, IL 61820-7227
      View Details
    • Value Estimation by Request
      309 12th S 1st St
      AUTO REPAIR, GARAGE
      309 12th S 1st St, Champaign, IL 61820-4164
      View Details
    • Value Estimation by Request
      209 1st St
      AUTO REPAIR, GARAGE
      209 1st St, Champaign, IL 61820-4119
      View Details
    • Value Estimation by Request
      307 University Ave
      AUTO REPAIR, GARAGE
      307 University Ave, Champaign, IL 61820-4214
      View Details
    • Value Estimation by Request
      334 Walnut St, Unit B
      AUTO REPAIR, GARAGE
      334 Walnut St, Champaign, IL 61820-3619
      View Details
    • Value Estimation by Request
      101 Edgebrook Dr
      AUTO REPAIR, GARAGE
      101 Edgebrook Dr, Champaign, IL 61820-2150
      View Details

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    Recent comparable sales
    Sale price & price/SF · Sale date & distance · Adjustments & confidence
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