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    2602 Mattis Ave Champaign, IL 61822

    Sponsored
    For Sale
    $1,450,000

    High-Yield, Fully Leased Industrial Property

    Property size:
    26,456 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents two buildings totaling 26,456 square feet of fully leased flex space in Champaign, Illinois. Located at 2602 N Mattis Ave, this Core+ property boasts a 7.24% cap rate and a strong net operating income (NOI) of $105,000, with an asking price of $1,450,000 ($54.81/sq ft). The property is currently subdivided into seven individual office/flex suites, catering to a diverse tenant base. The buildings offer significant advantages including over 50 parking spaces and eight overhead doors, ensuring convenient access and operational efficiency. Situated in the northwest Champaign area, this property benefits from excellent visibility and accessibility, with quick access to Interstate highways and high traffic volume (ADT of 9,800 vehicles). The gross lease structure simplifies management, while the 100% occupancy guarantees immediate cash flow. This is a rare opportunity to acquire a high-performing, multi-tenant industrial property in a thriving market. The property's combination of strong financial performance, desirable location, and versatile space makes it an ideal addition to any investment portfolio. The property type is industrial, with flex and warehouse subtypes, making it suitable for a variety of businesses. The Champaign County location offers a strategic advantage within the local market.

    Property Features for 2602 Mattis Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    26,456 SF

    Building Details

    Buildings
    2

    HighLights

    • 100% occupied investment‑grade property.
    • Ample parking with 50+ spaces and 8 overhead doors.
    • Seven individual office/flex suites currently leased.
    • Excellent interstate access.
    • High traffic count with 9,800 ADT vehicles.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto Club Detailing Car Detailing Service Perfect Touch AutoRepair Auto Repair Shop Crossroads Contractor Supply Building Materials Supplier Ross Racing Enterprises Racing Car Parts Store MYST AUTO CHAMPAIGN Car Dealer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Champaign
    County
    Champaign
    State
    Illinois
    Longitude
    -88.2757398
    Latitude
    40.1450717

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    FAQs

    What type of property is this?
    Distribution property - High-Yield, Fully Leased Industrial Property
    Where is this distribution property located?
    The property is located at 2602 Mattis Ave Champaign, IL.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: 100% occupied investment-grade property.; Ample parking with 50+ spaces and 8 overhead doors.; Seven individual office/flex suites currently leased.
    Request Owner's contact information
    2602 Mattis Ave Champaign, IL 61822
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    Champaign, IL 61822
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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
    2602 Mattis Ave Champaign, IL 61822
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