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    1904 1St St Champaign, IL 61820

    For Lease
    $17 SF/Yr

    Class A space, multiple suites available

    Lot size:
    60,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional two-story, Class A mixed-use building, completed in November 2017, presents a unique investment opportunity in the vibrant Research Park at UIUC. Located at 1904 S. First Street, between the I Hotel and Yahoo Building, this property boasts a total of 60,600 square feet, offering a blend of retail and office space. Currently, there are two retail spaces available, ranging from 1,457 to 4,652 square feet, situated on the west end of the first floor along First Street. The building also features 54,336 square feet of Class A office space spread across the first, second, and third floors. Amenities include ample shared restrooms and a convenient first-floor break area with a shared conference room for tenant use. With 147 parking spaces and elevators, this property provides exceptional convenience for both employees and customers. The building sits on a 2.05-acre lot and is ideally positioned within the thriving Research Park, offering excellent visibility and accessibility. This is a rare chance to acquire a prime commercial property in a high-demand location. The building's modern design and desirable location make it an attractive option for a variety of businesses. Don't miss this opportunity to secure your place in this dynamic and growing area.

    Property Features for 1904 1St St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    60,600 SF
    Class
    A
    Total Rate
    85850

    Building Details

    Year Built
    2017
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 306
    Size
    4,339 SF
    Space
    Suite 105 - 107
    Size
    4,652 SF
    Rate per SF
    $20

    HighLights

    • Class A, 60,600 SF mixed‑use building in the Research Park submarket.
    • 2017 construction with 2 stories.
    • 4,652 SF of vacant retail space available in multiple suites ranging from 1,457 SF to 4,652 SF.
    • 147 parking spaces and elevators.
    • Situated on 2.05 acres of land.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Granular Software Company Bayer Agricultural Service Mixed Use Building Academic Department Caterpillar, Inc. Champaign ... University Electric Power Engineers Engineering Consultant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -88.2374089
    Latitude
    40.0925867

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    FAQs

    What type of property is this?
    Retail property - Class A space, multiple suites available
    Where is this retail property located?
    The property is located at 1904 1St St Champaign, IL.
    What is the lease rate?
    The lease rate is $0.00-$20 SF/Yr.
    What are key features of this property?
    This property features: Class A, 60,600 SF mixed-use building in the Research Park submarket.; 2017 construction with 2 stories.; 4,652 SF of vacant retail space available in multiple suites ranging from 1,457 SF to 4,652 SF.
    Request Owner's contact information
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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
    1904 1St St Champaign, IL 61820
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