Retail Space with Split Interior
For Sale
Contact for pricing
816 N Country Fair Drive #4, Champaign, IL 61821
One exterior entrance connects to two interior doorways, creating a divided access arrangement.
Property Size9,500 SF
Price / SF$1.20
Days on Market112
Property Features for 816 N Country Fair Drive #4
General Information
Standard status
Active
Size
9,500 SF
Property subtype
Commercial
Zoning
COMMR
Taxes and HOA fees
Annual Taxes
$17,814
Building Details
Building Size
9,500 SF
Year Built
2014
Stories
1
Units
10
Listing Agency:
KELLER WILLIAMS-TREC
Listed By:
Daniel Cothern · License #475124751
(217) 356-6100
Source:
Fishmangroup
Added: Jul 10
Changed: Oct 28
Last Checked: Oct 26 at 3:49AM
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 KELLER WILLIAMS-TREC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail space is in the southern building of a complex at 816 N Country Fair Drive, Suite 4, in Champaign. A single outside entrance opens to two separate interior doorways. The property was built in 2014 and is zoned COMMR.
Availability is scheduled for October 1, 2026.
Availability is scheduled for October 1, 2026.
Key Highlights
- One exterior entrance leads to two interior doorways
- COMMR zoning
- Built in 2014
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,319
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,606,380
$1.6M
Cap Rate 7%
$1,147,414
$1.1M
Cap Rate 9%
$892,433
$892.4K
Market Conditions
NOI Build-Up for 9,500 SF
Gross rent
$125.4K $13.20/SF
− Vacancy
−$10.7K −$1.12/SF
EGI
$114.7K $12.08/SF
− OpEx
−$34.4K −$3.62/SF
NOI
$80.3K $8.45/SF
Area
Champaign County, IL
Vacancy
8.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,606,380
Cap Rate 7%
$1,147,414
Cap Rate 9%
$892,433
Alternative Uses
Best Use
Retail
$1.15M
$1.00M – $1.34M
NOI $80,319 @ 7.0% cap · market cap 704.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,350 @ 7.0% cap · market cap 1,213.60%
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
613
Businesses Nearby
Explore this area
Business Placement
Demographics for 61821, IL
29,057
Population
13,751
Households
2.1
Avg Household Size
36
Median Age
50%
College-Educated
95%
High-School Grad
7.7 sq mi
ZIP Area
3,774
Density / Sq Mi
$69,284
Median Household Income
$40,225
Median Earnings
$1,001
Median Rent
$174,800
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - One exterior entrance connects to two interior doorways, creating a divided access arrangement.
Where is this retail space located?
The property is located at 816 N Country Fair Drive #4 Champaign, IL.
What are key features of this property?
This property features: One exterior entrance leads to two interior doorways; COMMR zoning; Built in 2014
