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    1902 Fox Dr Champaign, IL 61820

    For Lease
    $156 SF/Yr

    Class A Office Suites & Coworking

    Lot size:
    17,915 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional Class A office building, situated in Champaign, Illinois's Corporate Center, offers a diverse range of premium office spaces. The 17,915 square foot building, renovated in 2019, boasts both traditional office suites (ranging from 2,000 to 5,000 square feet) and a modern coworking space known as Parallel. Parallel features fifteen private offices, two fully equipped conference rooms, two kitchens, and a comfortable open area. Flexible lease terms for the coworking space include utilities and internet. The building provides 87 parking spaces and is conveniently located within walking distance of hotels, conference centers, parks, walking trails, and a wide array of dining establishments. Its location in the 70-acre Corporate Center offers a professional yet relaxed atmosphere, complete with landscaped grounds, ponds, and bike paths. The Corporate Center's proximity to The Shoppes of Knollwood provides employees with easy access to retail amenities, including restaurants, a bank, and other services. Furthermore, its advantageous location offers easy access to the University of Illinois campus, Willard Airport, and major hotels and conference centers. The building's zoning is Commercial Office. One 96 sq. ft. space is currently available.

    Property Features for 1902 Fox Dr

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    17,915 SF
    Class
    A
    Total Rate
    232895

    Building Details

    Year Built/Renovated
    1989/2019

    Unit(s) available at that property

    Space
    Suite 24
    Size
    325 SF
    Rate per SF
    $256
    Space
    Open Area Desks
    Size
    10 SF
    Rate per SF
    $240
    Space
    Suite 12
    Size
    146 SF
    Space
    Suite 28
    Size
    149 SF
    Rate per SF
    $313
    Space
    Suite 23
    Size
    108 SF
    Rate per SF
    $276
    Space
    Suite 10
    Size
    220 SF
    Space
    Suite 29
    Size
    128 SF
    Rate per SF
    $311
    Space
    Suite F
    Size
    1,037 SF
    Rate per SF
    $180

    HighLights

    • Class A, 17,915 SF office building in the Corporate Center submarket.
    • Multiple tenancy options available, including coworking, executive suites, and traditional office space.
    • Recently renovated in 2019, originally built in 1989.
    • 87 parking spaces available.
    • Convenient location near hotels, conference centers, restaurants, and retail amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Floor Coverings International ... Flooring Store Holdren & Associates Inc Real Estate Agency Loman-Ray Insurance Group, ... Insurance Agency American Sustainable Farming Agricultural Production Flats or Spikes Software Company

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Champaign
    County
    Champaign
    State
    Illinois
    Longitude
    -88.2486281
    Latitude
    40.0924761

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    FAQs

    What type of property is this?
    Coworking space - Class A Office Suites & Coworking
    Where is this coworking space located?
    The property is located at 1902 Fox Dr Champaign, IL.
    What is the lease rate?
    The lease rate is $0.00-$313 SF/Yr.
    What are key features of this property?
    This property features: Class A, 17,915 SF office building in the Corporate Center submarket.; Multiple tenancy options available, including coworking, executive suites, and traditional office space.; Recently renovated in 2019, originally built in 1989.
    Request Owner's contact information
    1902 Fox Dr 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
    1902 Fox Dr Champaign, IL 61820
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