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2108 Springfield Ave Champaign, IL 61821

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5,726 SF Office Building, 6 Suites

Property size:
5,726 SF

Property Features for 2108 Springfield Ave

General Information

Property type
Office properties & Spaces
Square Feet
5,726 SF
Class
B

Building Details

Year Built
1970
Buildings
1

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Listing Contact
Aj Thoma Iii, Ccim, Sior
Aj Thoma Iii, Ccim, Sior

Listing Agency: Coldwell Banker Commercial Devonshire Realty Listing Agent: Aj Thoma Iii, Ccim, Sior

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This 5,726-square-foot, Class B office building presents a compelling value-add opportunity in Champaign, Illinois. Built in 1970, the single-story structure sits on a 21,300-square-foot lot and features six established suites, offering flexible layouts suitable for single or multi-tenant occupancy. The suites range in size from 641 to 1,370 square feet, with each including its own restroom facilities. Currently, the building has a 65% occupancy rate. The property boasts 34 off-street parking spaces, a significant advantage in this location. Its strategic location on West Springfield Avenue (IL Route 10) provides convenient access to I-72, with I-74 and I-57 within a two-mile radius. The property is zoned CG - Commercial General and benefits from its position within an Enterprise Zone and a proposed Tax Increment Financing (TIF) District, offering potential tax advantages. The building's layout allows for the combination of suites to accommodate larger tenants. This property is an excellent investment opportunity for those seeking a value-add project with strong potential for increased rental income and appreciation. The APN is 41-20-10-451-015. The asking price is $425,000, and the lease type is gross.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Tom Cox - State ... Insurance Agency Oriental Wellness Alternative Medicine Practice Smith Cheryl E ... Accounting Firm Sherry's Shear Hair ... Barber Shop

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center 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
-88.2843934
Latitude
40.1131827

FAQs

What type of property is this?
Office property - 5,726 SF Office Building, 6 Suites
Where is this office property located?
The property is located at 2108 Springfield Ave Champaign, IL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: $425,000 asking price for a 5,726 square foot Class B office building.; 34 off-street parking spaces.; Located in an Enterprise Zone and proposed TIF district.
(217) 403-3425 Call to check price and availability
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