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    2001 1St St Champaign, IL 61820

    Sponsored
    For Lease
    $15 SF/Yr

    Flexible Suites, Research Park Location

    Lot size:
    61,856 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional Class A office building, located at 2001 S. First St, Champaign, IL 61820, offers a diverse range of spaces ideal for businesses of all sizes. Situated within the prestigious University of Illinois Research Park, this two-story building boasts 61,856 square feet of total space, with 12,400 square feet currently available. The property features three suites, offering flexible options ranging from a minimum of 1,500 square feet to a maximum contiguous space of 15,000 square feet. Built in 2000 and extensively renovated in 2021, the building provides modern amenities including 12-foot ceilings, ample natural light, and elevators. With 177 parking spaces available, convenient access is ensured. The property sits on a 3.372-acre lot, offering significant potential for future expansion or outdoor amenities. Its strategic location in the University of Illinois Research Park provides unparalleled access to a thriving research and development community, attracting a highly skilled workforce. The property's multiple tenancy options cater to a variety of business needs, from executive offices to coworking spaces and traditional office layouts. This is a rare opportunity to secure prime office space in a highly sought-after location. Contact us today to schedule a viewing and explore the possibilities.

    Property Features for 2001 1St St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    61,856 SF
    Class
    A
    Total Rate
    79897.33

    Building Details

    Year Built/Renovated
    2000/2021
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    0 SF
    Rate per SF
    $15
    Space
    Available Space 2
    Size
    4,740 SF
    Rate per SF
    $15

    HighLights

    • Class A office building at 2001 S. First St, Champaign, IL 61820.
    • 61,856 square feet total, with 12,400 square feet currently available for lease.
    • Three suites available, ranging from 1,500 to 15,000 contiguous square feet.
    • Modern amenities include 12‑foot ceilings, ample natural light, and elevators; built in 2000, extensively renovated in 2021.
    • 177 parking spaces and situated on a 3.37‑acre lot in the University of Illinois Research Park.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cline Center for Advanced ... Non-Profit Organization Luebchow Kevin H Attorney Singleton Alan R ... Attorney Vitas-M Laboratory Laboratory Singleton Law Firm ... Law Firm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Champaign
    County
    Champaign
    State
    Illinois
    Longitude
    -88.2392443
    Latitude
    40.0901222

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    FAQs

    What type of property is this?
    Office space - Flexible Suites, Research Park Location
    Where is this office space located?
    The property is located at 2001 1St St Champaign, IL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Class A office building at 2001 S. First St, Champaign, IL 61820.; 61,856 square feet total, with 12,400 square feet currently available for lease.; Three suites available, ranging from 1,500 to 15,000 contiguous square feet.
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    2001 1St St Champaign, IL 61820
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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
    2001 1St St Champaign, IL 61820
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