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Property profile & analytics
OFF-MARKET
Commercial real estate

48 Main St Champaign, IL 61820-3630

Entity Owned 9-yr Hold Free & Clear
Property ID
US28-1543027
Property summary
AI-generated overview

This 16,000-square-foot mixed-use building in downtown Champaign, Illinois, offers a unique opportunity. Originally constructed in 1915 and renovated in 2018, the property boasts 8,000 square feet per floor, including an 8,000-square-foot basement suitable as an accessory to the first-floor retail space. The second floor features expansive windows on three sides and 20-foot clear open ceilings, adaptable to various tenant needs. Currently undergoing renovations, the building will be delivered as a "vanilla box," ready for tenant build-out. Located in the heart of downtown Champaign, this property benefits from its prime location amidst numerous restaurants, bars, shops, and vibrant cultural attractions. The building's CB2 zoning allows for a variety of uses. The property's APN is 42-20-12-437-001. The minimum divisible space is 8,000 square feet, with a maximum contiguous space of 16,000 square feet. The building consists of a single suite, currently entirely vacant. Its vintage, urban industrial design blends seamlessly with the surrounding area's character, making it an attractive option for businesses seeking a high-visibility location in a thriving downtown environment. The walkability of the area and the abundance of nearby amenities contribute to its sustainability and appeal.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction WOOD
APN 422012437001
UPID US28-1543027
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Food For Seniors - Food Distribution Center Food Bank Charitable Organization
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Bubin Properties LLC-main Mark · 9 yrs held
Bubin Properties LLC-main Mark
since 2017
6 recorded transactions
2020
Price N/A
2017
$1.8M
2017
Price N/A
2005
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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