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    2206 Springfield Ave Champaign, IL 61821

    For Lease
    $10 SF/Yr

    Prime retail space, high traffic area, Illinois.

    Lot size:
    3,854 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This 3,854-square-foot retail building, constructed in 1973, is located at 2206 W. Springfield Ave., Champaign, IL 61821 (APN: 41-20-10-451-014). The property is zoned CG - Commercial General and features primarily open retail space, supplemented by a couple of back rooms and a single restroom. The building boasts 1200 amps of 3-phase power. Potential buyers should note that a cross-access parking agreement with the adjacent property at 2208 W. Springfield Ave. (a car wash) may be necessary, depending on the intended use. This retail space is situated on a high-traffic arterial road (Springfield Avenue), experiencing 16,200 vehicles per day. The surrounding area is a blend of retail, office, and multi-family properties, with nearby national retailers including Burger King, Taco Bell, Papa Johns, Dunkin' Donuts, and Circle K, as well as regional banks like Busey and Heartland Bank & Trust. The property is also available for purchase in conjunction with the neighboring car wash. This presents a unique opportunity for a business seeking high visibility and convenient access in a well-established commercial area of Champaign, Illinois.

    Property Features for 2206 Springfield Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,854 SF

    Unit(s) available at that property

    Space
    Size
    3,854 SF
    Rate per SF
    $10

    HighLights

    • 3,854 SF retail building on high‑traffic Springfield Ave. in Champaign, IL.
    • Built in 1973, zoned CG (Commercial General).
    • Features open retail space, back rooms, and one restroom; 1200 amps, 3‑phase power.
    • High visibility location with 16,200 VPD.
    • Strong surrounding retail, office, and multi‑family presence; near national & regional businesses.
    • Potential cross‑access parking agreement with adjacent car wash; purchase of car wash also an option.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    UPS Authorized Shipping ... Shipping And Mailing Service CU Pack N ... Mailing Service Parcel Plus Business Related

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Champaign
    County
    Champaign
    State
    Illinois
    Longitude
    -88.2846591
    Latitude
    40.1133455

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    FAQs

    What type of property is this?
    Individual retail property - Prime retail space, high traffic area, Illinois.
    Where is this individual retail property located?
    The property is located at 2206 Springfield Ave Champaign, IL.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: 3,854 SF retail building on high-traffic Springfield Ave. in Champaign, IL.; Built in 1973, zoned CG (Commercial General).; Features open retail space, back rooms, and one restroom; 1200 amps, 3-phase power.
    Request Owner's contact information
    2206 Springfield Ave Champaign, IL 61821
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    Champaign, IL 61821
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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
    2206 Springfield Ave Champaign, IL 61821
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