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    409 Town Center Blvd Champaign, IL 61822

    Sponsored
    For Lease
    $18 SF/Yr ($13,530 /Mo)

    New Construction, 9,020 SF, Two Drive-Thrus

    Lot size:
    9,020 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 9,020 square foot retail center, built in 2022, presents a unique investment opportunity. Located at 409 W Town Center Blvd, near Neil Street, this single-story building boasts four suites, offering flexibility for multiple tenants or a single large occupant. The property features a generous 6,780 square feet of vacant space, divisible into units as small as 2,240 square feet, with a maximum contiguous space of 6,780 square feet. Two of the suites (1 and 4) measure 2,270 square feet each, while Suite 3 offers 2,240 square feet. All spaces are delivered as vanilla boxes, ready for tenant build-out. Ample parking is provided with 68 spaces. The property sits on a 0.79-acre lot and is zoned CG. Its prime location is immediately west of a new Costco, and is surrounded by a vibrant retail environment including major national brands such as 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's APN is 41-20-01-126-047. This is an ideal location for businesses seeking high visibility and access to a large customer base. The two drive-thrus offer significant operational advantages.

    Property Features for 409 Town Center Blvd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,020 SF
    Total Rate
    13530

    Building Details

    Year Built
    2022
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 3
    Size
    2,240 SF
    Rate per SF
    $18
    Space
    Suite 4
    Size
    2,270 SF
    Rate per SF
    $18
    Space
    Suite 1
    Size
    2,270 SF
    Rate per SF
    $18

    HighLights

    • Retail property totaling 9,020 square feet.
    • Multiple suites available, minimum 2,240 square feet, maximum contiguous 6,780 square feet.
    • 6,780 square feet currently vacant.
    • Located on 0.79 acres at 409 W Town Center Blvd, near Neil Street.
    • Features 68 parking spaces and two drive‑thrus.
    • New construction (2022), single‑story building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Royal Nail Spa Nail Salon

    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
    -88.2495287
    Latitude
    40.1412829

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    FAQs

    What type of property is this?
    Retail property - New Construction, 9,020 SF, Two Drive-Thrus
    Where is this retail property located?
    The property is located at 409 Town Center Blvd Champaign, IL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Retail property totaling 9,020 square feet.; Multiple suites available, minimum 2,240 square feet, maximum contiguous 6,780 square feet.; 6,780 square feet currently vacant.
    Request Owner's contact information
    409 Town Center Blvd 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
    409 Town Center Blvd Champaign, IL 61822
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