Freestanding Retail/Office Building for
For Sale
Contact for pricing
2103 N Dunlap Ave, Champaign, IL
Freestanding retail/office building in Champaign, subject to Savoy Zoning.
Property Size3,160 SF
Lot Size0.41 Acres
Price / SF$205.70
Days on Market341
Property Features for 2103 N Dunlap Ave
General Information
Standard status
Active
Size
3,160 SF
Lot size
0.41 Acres
Property subtype
RETAIL
Listing Agency:
Coldwell Banker Commercial Devonshire Realty
(217) 352-7712
Listed By:
AJ Thoma III
(217) 520-3299
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Jul 6
Last Checked: Oct 30 at 6:06PM
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
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Investment Insights
Based on property information with market context.
This freestanding retail/office building, formerly used as an attorney’s office, gallery, and most recently as office space, is available for lease. The 3,160-square-foot property features a large reception area with waiting space, a large room (potentially a conference room), four private offices, one very large private office, and a smaller conference room. It also includes two restrooms. There are 14 unmarked parking spaces located on the north side of the building. The tenant is responsible for rent, all utilities, and snow removal/salting of sidewalks only. Located in Champaign, the property is subject to Savoy Zoning: C1 – General Commercial.
Key Highlights
- Freestanding retail/office building.
- Versatile space suitable for retail or office use.
- Includes a large reception area, multiple private offices, and conference rooms.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,166
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$643,320
$643.3K
Cap Rate 7%
$459,514
$459.5K
Cap Rate 9%
$357,400
$357.4K
Market Conditions
NOI Build-Up for 3,160 SF
Gross rent
$55.0K $17.40/SF
− Vacancy
−$12.1K −$3.83/SF
EGI
$42.9K $13.57/SF
− OpEx
−$10.7K −$3.39/SF
NOI
$32.2K $10.18/SF
Area
Champaign County, IL
Vacancy
22.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$643,320
Cap Rate 7%
$459,514
Cap Rate 9%
$357,400
Alternative Uses
Best Use
Office B
$459.5K
$402.1K – $536.1K
NOI $32,166 @ 7.0% cap · market cap 4.95%
Second Best
Retail
$381.7K
$334.0K – $445.3K
NOI $26,717 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$657.4K
$575.3K – $767.0K
NOI $46,020 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
996
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Freestanding retail/office building in Champaign, subject to Savoy Zoning.
Where is this retail space located?
The property is located at 2103 N Dunlap Ave Champaign, IL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Freestanding retail/office building.; Versatile space suitable for retail or office use.; Includes a **large reception area, multiple private offices, and conference rooms**.
