48 Main St Champaign, IL 61820-3630
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
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Risks
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