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    1412 Prospect Ave Champaign, IL 61820

    Sponsored
    For Lease
    $14 SF/Yr

    High-traffic retail spaces, 1,125-3,375 SF

    Lot size:
    29,075 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Pioneer Plaza offers multiple retail spaces for lease in Champaign, Illinois, ranging from 1,125 to 3,375 square feet. Located at the highly visible intersection of North Prospect Avenue and Bloomington Road, this well-established shopping center benefits from significant traffic counts and excellent visibility. The property, built in 1980 and totaling 29,075 square feet, features a large parking area and pylon signage. Six suites are available, each offering varying layouts and features. Options include spaces with reception areas, multiple offices, storage rooms, restrooms, and kitchenettes. Some spaces are open and adaptable, while others offer a mix of finished and unfinished areas. One suite offers approximately 2,600 square feet, another approximately 1,400 square feet, and others range from 1,125 to 2,250 square feet. The largest available space is approximately 3,375 square feet. The property is zoned CG – Commercial General and is situated near major retailers such as Walgreens, Dollar General, PNC Bank, Rent-A-Center, Home Depot, and numerous fast-food restaurants. Easy access to Interstate 74 further enhances its strategic location. Estimated 2024 NNN expenses are $4.00 per square foot. This prime retail location presents a compelling opportunity for businesses seeking high visibility and strong foot traffic in a thriving commercial area.

    Property Features for 1412 Prospect Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    29,075 SF
    Total Rate
    33920.83

    Building Details

    Year Built
    1980

    Unit(s) available at that property

    Space
    809 Bloomington Road
    Size
    1,400 SF
    Rate per SF
    $14
    Space
    823 Bloomington Road
    Size
    1,125 SF
    Rate per SF
    $14
    Space
    807 Bloomington Road
    Size
    2,600 SF
    Rate per SF
    $14
    Space
    1412 N Prospect Avenue
    Size
    3,375 SF
    Rate per SF
    $14
    Space
    825 Bloomington Road
    Size
    2,250 SF
    Rate per SF
    $14
    Space
    821 Bloomington Road
    Size
    1,800 SF
    Rate per SF
    $14

    HighLights

    • Multiple retail spaces available for lease, 1,125 - 3,375 SF.
    • High‑visibility location at N. Prospect Ave & Bloomington Rd intersection in Champaign, IL.
    • 29,075 SF shopping center with ample parking and pylon signage.
    • Six suites available, various layouts & sizes; some with reception areas, offices, storage, restrooms, and kitchenettes.
    • Excellent location near major retailers (Walgreens, Dollar General, etc.) and I‑74.
    • Estimated 2024 NNN expenses: $4.00/SF.
    Property Profile Location Intelligence

    Current Use by Public Records

    PNC ATM Atm

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop 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
    -88.2574873
    Latitude
    40.1307334

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic retail spaces, 1,125-3,375 SF
    Where is this individual retail property located?
    The property is located at 1412 Prospect Ave Champaign, IL.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Multiple retail spaces available for lease, 1,125 - 3,375 SF.; High-visibility location at N. Prospect Ave & Bloomington Rd intersection in Champaign, IL.; 29,075 SF shopping center with ample parking and pylon signage.
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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
    1412 Prospect Ave Champaign, IL 61820
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