Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3001 Research Rd Champaign, IL 61822

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    3,000 SF office space in Interstate Research Park.

    Property Features for 3001 Research Rd

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Maggie Pitcher
    Source: Crexi

    Listing Agency: Guth & Associates Listing Agent: Maggie Pitcher

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Move-In Ready Champaign Office Space

    This 3,000 square foot office space is available for immediate occupancy in the Interstate Research Park, located in northwest Champaign. The space offers functionality and convenience, featuring multiple private offices, a spacious reception area, and a conference room suitable for meetings and presentations. Customizable workspaces include cubicle systems that can be removed to create an open-plan office layout. The property has two entrances, ample parking for employees and clients, and designated service vehicle parking in the rear. An IT room is fully equipped for technology needs. An on-site property manager is available. The location provides convenient access to Interstates 74 and 57, Olympian Drive, and Mattis Avenue. It is close to the North Prospect Shopping District for dining, shopping, and services. Situated within the Enterprise Zone, the property offers benefits for businesses. High-speed fiber internet connectivity and bus service are available in the area. The office space is in excellent condition and ready for immediate occupancy.
    Location Intelligence

    Current Use by Public Records

    CloudShark 360 Tech Support Center Dobbins Fraker Tennant ... Law Firm LeSueur Stephen J Law Firm Comptroller Currency Federal Government Office Interstate Research Park ... Construction Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Nail Salon Hotel & Motel Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Champaign
    County
    Champaign
    State
    Illinois
    Longitude
    -88.2763086
    Latitude
    40.1514858

    Nearby Similar for Lease

    • Contact for pricing
      3,598 SF

      Downtown Champaign Commercial Space Available

      Prime 2,688 SF space in vibrant downtown Champaign.
      6 Taylor St E, Champaign, IL 61820
      View Details
    • Contact for pricing

      Downtown Champaign Commercial Space Available

      3400 SF office space in vibrant downtown Champaign.
      41 E University Ave, Champaign, IL 61820
      View Details
    • Contact for pricing

      Downtown Champaign Retail Space

      High-visibility retail space in historic downtown Champaign.
      41 E University Ave, Champaign, IL 61821
      View Details
    • Contact for pricing
      235,777 SF

      Turnkey Restaurant Space in Champaign

      Turnkey restaurant space in prime retail center near Memorial Stadium.
      2133 S Neil St, Champaign, IL 61820
      View Details
    • Contact for pricing

      Downtown Champaign Office Space Available

      Impressive office space in downtown Champaign with flexible suite options.
      201 N Randolph St, Champaign, IL 61820
      View Details
    • Contact for pricing
      17,424 SF

      Versatile Office or Retail Suite

      Prime Champaign location with flexible office or retail space.
      502 W Clark St, Champaign, IL 61820
      View Details
    • Contact for pricing

      Unique Commercial Unit in Champaign

      1920 SF unit with office, storage, and overhead door.
      706 Bloomington Rd, Champaign, IL 61821
      View Details
    • Contact for pricing

      Retail Store with Warehouse Space

      Retail store with warehouse on a busy road.
      909 W Bloomington Rd, Champaign, IL 61821
      View Details
    • Contact for pricing

      Champaign Retail Space with Drive-Thru

      Retail spaces in active corridor, ideal for food service.
      902 Meijer Dr, Champaign, IL 61822
      View Details
    • Contact for pricing

      Champaign Flex Space with Amenities

      30x60 flex space with HVAC and overhead doors for sublease.
      311 S Staley Rd, Champaign, IL 61822
      View Details
    • Sponsored
      Contact for pricing

      IL, Champaign – N. Randolph St

      Discover many ways to work your way in IL, Champaign – N. Randolph St
      206 Randolph St, Champaign, IL 61820
      View Details
    • Contact for pricing

      Downtown Champaign Retail/Office Space

      First floor commercial space in downtown Champaign for lease.
      105 S Walnut St, Champaign, IL 61820
      View Details

    FAQs

    What type of property is this?
    Office units - 3,000 SF office space in Interstate Research Park.
    Where is this office units located?
    The property is located at 3001 Research Rd Champaign, IL.
    What are key features of this property?
    This property features: - 3,000 sq ft office space available for immediate occupancy.; - Located in the highly sought-after Interstate Research Park with convenient access to Interstates 74 and 57.; - Multiple private offices, spacious reception area, and conference room.
    (217) 355-2545
    Request Owner's contact information
    3001 Research Rd Champaign, IL 61822
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3001 Research Rd
    Champaign, IL 61822
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    3001 Research Rd Champaign, IL 61822
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Maggie Pitcher
    Real Estate License ID: 475212357
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!