Skating Rink Entertainment
For Sale
$1,900,000
208 W Curtis Road, Savoy, IL 61874
Multi-acre entertainment facility with a full roller skating rink, laser tag, arcade, private party rooms, and snack bar kitchen.
Property Size28,000 SF
Lot Size2.50 Acres
Price / SF$67.86
Days on Market398
Property Features for 208 W Curtis Road
General Information
Standard status
Active
Size
28,000 SF
Lot size
2.50 Acres
Property subtype
Business Opportunity
Zoning
COMMR
Restaurant
Commercial Hood
Yes
Equipment Included
Yes
Liquor License
No
Additional Details
Business Included
Yes
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$32,560
Building Details
Building Size
28,000 SF
Buildings
3
Stories
1
Listing Agency:
Green Street Realty
(217) 356-8750
Listed By:
Shannon Collins · License #ILLINOIS475.178418
Source:
Perillorealestategroup
Added: Jul 10, 2025
Changed: Aug 8
Last Checked: Aug 10 at 11:28AM
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 Green Street Realty
Investment Insights
Based on property information with market context.
This offering features a skating rink entertainment facility on a 2.5-acre parcel, including a 28,000 SF main building, plus two auxiliary outbuildings. The property has operated as Skateland for the past 49 years and currently runs 4–5 days per week. On-site entertainment spaces include a full roller skating rink, laser tag arena, snack bar/kitchen, arcade with approximately 25 machines, private party rooms, a gift shop, and office space.
The snack bar kitchen includes a walk-in cooler, pizza oven, and a small exhaust hood system, along with other food service equipment. The building has an approximate ceiling height of 14 feet. The property is ideally situated just a half block off of the Curtis Road I-57 interchange and is adjacent to the high-traffic Savoy Plaza shopping center, anchored by Schnucks, Goodwill, Buffalo Wild Wings, and a major movie theatre. Route 45 (Neil Street in Champaign) provides direct access into the Champaign-Urbana metro area.
A long-running business and equipment are available as part of the offering. While the property does not currently offer video gaming or a liquor license, those can represent future revenue considerations.
The snack bar kitchen includes a walk-in cooler, pizza oven, and a small exhaust hood system, along with other food service equipment. The building has an approximate ceiling height of 14 feet. The property is ideally situated just a half block off of the Curtis Road I-57 interchange and is adjacent to the high-traffic Savoy Plaza shopping center, anchored by Schnucks, Goodwill, Buffalo Wild Wings, and a major movie theatre. Route 45 (Neil Street in Champaign) provides direct access into the Champaign-Urbana metro area.
A long-running business and equipment are available as part of the offering. While the property does not currently offer video gaming or a liquor license, those can represent future revenue considerations.
Key Highlights
- 2.5‑acre parcel with a 28,000 SF main building plus two auxiliary outbuildings
- Skateland operating for 49 years, currently runs 4–5 days per week
- Entertainment mix includes full roller skating rink and laser tag arena
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$129,322
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,586,440
$2.6M
Cap Rate 7%
$1,847,457
$1.8M
Cap Rate 9%
$1,436,911
$1.4M
Market Conditions
NOI Build-Up for 28,000 SF
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.
Gross rent
$194.9K $6.96/SF
− Vacancy
−$10.1K −$0.36/SF
EGI
$184.7K $6.60/SF
− OpEx
−$55.4K −$1.98/SF
NOI
$129.3K $4.62/SF
Area
Champaign County, IL
Vacancy
5.20%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,586,440
Cap Rate 7%
$1,847,457
Cap Rate 9%
$1,436,911
Alternative Uses
Best Use
Specialty Retail
$4.52M
$3.95M – $5.27M
NOI $316,391 @ 7.0% cap · market cap 16.65%
Second Best
Industrial
$1.85M
$1.62M – $2.16M
NOI $129,322 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$5.83M
$5.10M – $6.80M
NOI $407,770 @ 7.0% cap · market cap 21.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
298
Businesses Nearby
96k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 34%
Groceries 28%
Dining 27%
Apparel 9%
Schnucks
Groceries
26,472 visits/mo
0.2 miles
Dollar Tree
Shops & Services
15,366 visits/mo
0.2 miles
Thorntons
Shops & Services
13,306 visits/mo
0.4 miles
Buffalo Wild Wings
Dining
11,011 visits/mo
0.2 miles
Goodwill
Apparel
8,704 visits/mo
0.1 miles
Demographics for 61874, IL
8,739
Population
3,755
Households
2.3
Avg Household Size
36
Median Age
58%
College-Educated
98%
High-School Grad
6.1 sq mi
ZIP Area
1,433
Density / Sq Mi
$88,431
Median Household Income
$52,921
Median Earnings
$954
Median Rent
$274,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Skating rink - Multi-acre entertainment facility with a full roller skating rink, laser tag, arcade, private party rooms, and snack bar kitchen.
Where is this skating rink located?
The property is located at 208 W Curtis Road Savoy, IL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 2.5‑acre parcel with a 28,000 SF main building plus two auxiliary outbuildings; Skateland operating for 49 years, currently runs 4–5 days per week; Entertainment mix includes full roller skating rink and laser tag arena
