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    4403 Legends Dr Champaign, IL 61822

    For Sale
    $3,397,680

    Prime 13-acre commercial lot, flexible sizes.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 13-acre (divisible) commercial land parcel presents a unique investment opportunity in Champaign, Illinois. Located at 4403 Legends Dr, this property is zoned CN - Commercial Neighborhood and offers flexible lot sizes to accommodate various development plans. The asking price is $3,397,680, with pricing per square foot ranging from $6 to $10, depending on lot size. Lots under 1.5 acres are priced at $10/SF, lots between 1.5 and 3 acres at $8/SF, and lots over 3 acres at $7/SF. The entire 13 acres can be purchased for $6/SF. The property is part of the larger 157-acre Legends development, a thriving community featuring over 500 luxury apartments and a 9-hole golf course, ensuring high visibility and strong surrounding demographics. Its strategic location at the corner of Curtis Road and Staley Road offers excellent access to Interstate 57, providing convenient access to major transportation routes. Furthermore, its proximity to the 210-acre Carle at the Fields development, with its medical offices, retail shops, and restaurants, creates a synergistic environment ripe for commercial success. This fast-growing area presents a compelling opportunity for developers seeking a prime location within a well-established and expanding community. The property's APN is 03-20-29-400-006. Lot sizing is flexible and has not yet been finalized or replatted.

    Property Features for 4403 Legends Dr

    General Information

    Property type
    Land
    Lot Size
    43,124 SF

    HighLights

    • High‑growth submarket.
    • Flexible lot sizes available.
    • Located within a Class A development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Auto Repair Shop Skin Care Clinic Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Champaign
    County
    Champaign
    State
    Illinois
    Longitude
    -88.3433623
    Latitude
    40.1539406

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    FAQs

    What type of property is this?
    Land - Prime 13-acre commercial lot, flexible sizes.
    Where is this land located?
    The property is located at 4403 Legends Dr Champaign, IL.
    What is the asking price?
    The asking price for this property is $3,397,680.
    What are key features of this property?
    This property features: High-growth submarket.; Flexible lot sizes available.; Located within a Class A development.
    (217) 403-3424
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    4403 Legends Dr 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
    4403 Legends Dr Champaign, IL 61822
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