Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    401 Town Center Blvd Champaign, IL 61822

    For Sale
    Contact for pricing

    New Construction Pad, High Traffic Area

    Property size:
    33,919 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 0.78-acre commercial land parcel, located at 401 W Town Center Blvd in Champaign, Illinois (61822), presents a remarkable investment opportunity. Built in 2022, this 33,919 square foot site boasts a prime location just west of the new Costco, surrounded by major retailers including Menards, Target, Macy's, Dick's Sporting Goods, Sam's Club, Meijer, Aldi, Walmart Supercenter, Ashley Furniture, Kohl's, PetSmart, and Hobby Lobby. The property features 68 parking spaces and is zoned 41-20-01-126-048. With high daily traffic counts on W. Town Center Blvd (8,500 CPD), N. Neil St (10,000 CPD), and N. Prospect Ave (15,000 CPD), this pad site offers unparalleled visibility and accessibility. The potential for development mirrors the successful four inline spaces with shared parking seen at 409 W. Town Center Blvd, presenting a strong foundation for a variety of commercial ventures. The property's APN is 41-20-01-126-048. This is a rare chance to acquire a new construction pad in a thriving retail corridor.

    Property Features for 401 Town Center Blvd

    General Information

    Property type
    Land
    Square Feet
    33,919 SF
    Lot Size
    33,977 SF

    Building Details

    Year Built
    2022

    HighLights

    • 0.78‑acre commercial land parcel at 401 W Town Center Blvd, Champaign, IL (61822).
    • 33,919 square foot site, built in 2022, with 68 parking spaces.
    • Prime location west of Costco, surrounded by major retailers.
    • High daily traffic counts on nearby major roadways (8,500‑15,000 CPD).
    • Zoned 41‑20‑01‑126‑048; APN 41‑20‑01‑126‑048.
    • Excellent development potential in a thriving retail corridor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Champaign
    County
    Champaign
    State
    Illinois
    Longitude
    -88.2495027
    Latitude
    40.1414101

    Nearby Similar for Sale

    • $3,850,000
      22,052 SF

      Historic Downtown Champaign Mixed-Use Building

      Historic mixed-use building in downtown Champaign with retail, office, residential.
      41 E University Ave, Champaign, IL 61820
      View Details
    • $1,250,000
      10,440 SF

      Commercial Property with Residential Home

      10-acre commercial property with income, residential home, expansion potential.
      3612 W Bloomington Rd, Champaign, IL 61822
      View Details
    • $2,750,000
      Pending

      Turnkey Storage Business Opportunity

      Successful, recently expanded storage business with four commercial buildings.
      2713 Hundman Dr, Champaign, IL 61822
      View Details
    • $999,900
      8,628 SF

      Bi-Level Retail Facility For Sale

      Standalone retail facility on a prime out lot of Market Place Mall.
      6 Convenience Center Rd, Champaign, IL 61820
      View Details
    • $698,000
      5,700 SF

      Commercial Building Near Major Intersection

      Retail, office, and warehouse space near high-traffic area.
      909 W Bloomington Rd, Champaign, IL 61821
      View Details
    • $6,400,000
      28,960 SF

      Multifamily Investment Near Campus

      Value-add multifamily property with 29 units and 85 beds.
      1007 S Locust St, Champaign, IL 61820
      View Details

    FAQs

    What type of property is this?
    Land - New Construction Pad, High Traffic Area
    Where is this land located?
    The property is located at 401 Town Center Blvd Champaign, IL.
    What are key features of this property?
    This property features: 0.78-acre commercial land parcel at 401 W Town Center Blvd, Champaign, IL (61822).; 33,919 square foot site, built in 2022, with 68 parking spaces.; Prime location west of Costco, surrounded by major retailers.
    (217) 352-7712
    Request Owner's contact information
    401 Town Center Blvd 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.
    401 Town Center Blvd
    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 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
    401 Town Center Blvd 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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.