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    I-57 Champaign, IL 61822

    For Sale
    $619,200

    6.88 Acres, IBP Zoning, Champaign, IL

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 6.88-acre commercial and industrial land parcel, located in the Atkins 150 Subdivision in Champaign, Illinois, presents a unique investment opportunity. Situated in the IBP – Interstate Business Park District, this property boasts convenient access to three major interstates: I-57, I-72, and I-74, placing it within easy reach of regional transportation networks. The site is strategically positioned along Bloomington Road (US 150), just southwest of the I-57/I-74 interchange, offering excellent visibility and accessibility. All utilities are available on-site, simplifying development plans. The property is divisible into two roughly equal parcels, providing flexibility for various development scenarios. Its location within an Enterprise Zone offers potential economic incentives. The property's APN is 41-14-34-300-013 and is zoned for Interstate Business Park District uses, details of which can be found in the Champaign Municipal Code. The land is less than 2.5 miles from I-57 and within 5 miles of I-74 and 6 miles of I-72. This prime location, combined with its size and zoning, makes it ideal for a wide range of industrial and commercial uses. The asking price is $619,200.

    Property Features for 0 I-57

    General Information

    Property type
    Land
    Lot Size
    299,693 SF

    HighLights

    • Highly divisible floor plan.
    • All utilities are connected to the site.
    • Located within an Enterprise Zone, offering potential tax benefits.
    • Excellent street visibility for enhanced marketing and branding.
    • Convenient access to major interstate highways.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Champaign
    County
    Champaign
    State
    Illinois
    Longitude
    -88.289777
    Latitude
    40.14530827

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    FAQs

    What type of property is this?
    Land - 6.88 Acres, IBP Zoning, Champaign, IL
    Where is this land located?
    The property is located at I-57 Champaign, IL.
    What is the asking price?
    The asking price for this property is $619,200.
    What are key features of this property?
    This property features: Highly divisible floor plan.; All utilities are connected to the site.; Located within an Enterprise Zone, offering potential tax benefits.
    Request Owner's contact information
    I-57 Champaign, IL 61822
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    I-57 Champaign, IL 61822
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