Single-Story Office
810 W Springfield Ave, Champaign, IL 61820
For Sale
New
$810,000
The property carries CN-1 neighborhood commercial zoning.
Property Size3,593 SF
Lot Size0.30 Acres
Price / SF$225.44
Days on Market2
Property Features for 810 W Springfield Ave
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Additional Details
Property Use
Building Details
Building Size
Buildings
Stories
Listing Agency:
Coldwell Banker Commercial Devonshire Realty
Listed By:
Aj Thoma III, CCIM, SIOR
(217) 403-3425
Source:
Cbcworldwide
Added: Nov 8
Last Checked: Nov 8 at 5:43PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This standalone professional office building contains 3,593 square feet on a 0.30-acre parcel. Its single-story design provides a freestanding office configuration.
At 810 W Springfield Avenue in Champaign, the property is zoned CN-1, Neighborhood Commercial.
At 810 W Springfield Avenue in Champaign, the property is zoned CN-1, Neighborhood Commercial.
Key Highlights
- 3,593‑square‑foot, single‑story office building
- 0.30‑acre parcel
- CN‑1, Neighborhood Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,573
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$731,460
$731.5K
Cap Rate 7%
$522,471
$522.5K
Cap Rate 9%
$406,367
$406.4K
Market Conditions
NOI Build-Up for 3,593 SF
Gross rent
$62.5K $17.40/SF
− Vacancy
−$13.8K −$3.83/SF
EGI
$48.8K $13.57/SF
− OpEx
−$12.2K −$3.39/SF
NOI
$36.6K $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%
$731,460
Cap Rate 7%
$522,471
Cap Rate 9%
$406,367
Alternative Uses
Best Use
Office B
$522.5K
$457.2K – $609.6K
NOI $36,573 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$747.5K
$654.1K – $872.1K
NOI $52,326 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
676
Businesses Nearby
Explore this area
Business Placement
Demographics for 61820, IL
40,822
Population
18,672
Households
2.2
Avg Household Size
25
Median Age
55%
College-Educated
93%
High-School Grad
5.9 sq mi
ZIP Area
6,919
Density / Sq Mi
$31,031
Median Household Income
$14,828
Median Earnings
$1,077
Median Rent
$175,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Office buildings in Champaign County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - The property carries CN-1 neighborhood commercial zoning.
Where is this office building located?
The property is located at 810 W Springfield Ave Champaign, IL.
What is the asking price?
The asking price for this property is $810,000.
What are key features of this property?
This property features: 3,593‑square‑foot, single‑story office building; 0.30‑acre parcel; CN‑1, Neighborhood Commercial zoning
