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

    408 Town Center Blvd Champaign, IL 61822

    For Lease
    $25 SF/Yr ($18,712 /Mo)

    Prime Retail Space, Excellent Visibility

    Lot size:
    8,982 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Class A retail space, totaling 8,982 square feet, is situated within the thriving Market Place Crossing development in Champaign, Illinois. Built in 2020, the single-story building features four suites, with 4,491 square feet currently available for lease. The space is divisible, offering options of 2,230 square feet (inline) and 2,261 square feet (endcap). The endcap space presents a unique opportunity for a drive-thru. The property boasts convenient access and ample parking due to cross-access and parking agreements with neighboring properties. Pylon signage is available along Town Center Boulevard, ensuring high visibility. Suites are delivered as vanilla-box spaces. The location benefits from high traffic counts on Town Center Boulevard (9,200 VPD) and Neil Street (11,000 VPD), and enjoys proximity to major retailers including La-Z-Boy, Freddy's Frozen Custard & Steakburgers, Costco, Menards, Target, and many more. The property is zoned CG - Commercial General and is located at 408 W Town Center Blvd, Champaign, IL 61822. The minimum leasable space is 2,230 square feet, with a maximum contiguous space of 2,261 square feet. The asking rent is $25.00 per square foot, NNN.

    Property Features for 408 Town Center Blvd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,982 SF
    Class
    A
    Total Rate
    18712.5

    Building Details

    Year Built
    2020
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 412
    Size
    2,230 SF
    Rate per SF
    $25
    Space
    Suite 414
    Size
    2,261 SF
    Rate per SF
    $25

    HighLights

    • Brand new 2020 construction.
    • High visibility and excellent access.
    • Located next to a planned Costco (opening late 2020).
    Property Profile Location Intelligence

    Current Use by Public Records

    Nothing Bundt Cakes Bakery

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Champaign
    County
    Champaign
    State
    Illinois
    Longitude
    -88.24966301618
    Latitude
    40.141917792872

    Nearby Similar for Lease

    • $9 SF/Yr
      107,593 SF

      Spacious Office Space in Champaign

      Modern office space designed for productivity, innovation, and growth.
      705 N Country Fair Dr, Champaign, IL 61821
      View Details
    • $20 SF/Yr

      Champaign Retail Space with Drive-Thru

      Retail spaces in active Champaign corridor with drive-thru potential.
      902 Meijer Dr, Champaign, IL 61822
      View Details
    • $17 SF/Yr

      Downtown Champaign Commercial Space Available

      Versatile office space in vibrant downtown Champaign, Illinois.
      41 E University Ave, Champaign, IL 61820
      View Details
    • $17 SF/Yr

      Downtown Champaign Retail Opportunity

      Prime retail space in the historic Traction Building.
      41 E University Ave, Champaign, IL 61821
      View Details
    • New
      $24 SF/Yr

      Retail Storefront with Warehouse Space

      4879 SF retail space with warehouse in Champaign, IL.
      909 W Bloomington Rd, Champaign, IL 61821
      View Details
    • $18 SF/Yr
      6,000 SF

      High-Visibility Retail Space Available

      3,200 SF commercial space for lease in Champaign, IL.
      1422 S Neil St, Champaign, IL 61820
      View Details

    FAQs

    What type of property is this?
    Neighborhood center - Prime Retail Space, Excellent Visibility
    Where is this neighborhood center located?
    The property is located at 408 Town Center Blvd Champaign, IL.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Brand new 2020 construction.; High visibility and excellent access.; Located next to a planned Costco (opening late 2020).
    Request Owner's contact information
    408 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.
    408 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
    408 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.