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    2714 Prospect Ave Champaign, IL 61822

    Sponsored
    For Lease
    $20 SF/Yr ($17,691 /Mo)

    Prime retail space in thriving Champaign, IL. High traffic location.

    Lot size:
    10,615 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,450 square foot retail space is located at 2714 N Prospect Ave, Champaign, IL 61822, on the southeast corner of North Prospect and Interstate Drive. Part of a Class A, single-story retail center built in 2018, the property boasts a total of 10,615 square feet. The building features a strong tenant mix including OSF Urgo, Cricket Wireless, Star Uniforms, and a nail salon. This inline space benefits from a highly visible location with daily traffic exceeding 15,000 vehicles. The property is shadow-anchored by major retailers such as Starbucks, Walmart, and Aldi, ensuring high foot traffic and brand recognition. The space will be delivered in vanilla box condition, with tenant build-out responsibilities. The property is zoned Commercial General and serviced by Ameren power. Annual property taxes are $5.02 per square foot. This is a rare opportunity to secure a prime retail location in a high-growth area.

    Property Features for 2714 Prospect Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,615 SF
    Class
    A
    Total Rate
    17691.67

    Building Details

    Year Built
    2018
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    1,450 SF
    Rate per SF
    $20

    HighLights

    • 1,450 SF retail space at 2714 N Prospect Ave, Champaign, IL.
    • Prime location in Class A, 2018‑built retail center (10,615 SF total).
    • Strong tenant mix including OSF Urgo, Cricket Wireless, and Star Uniforms.
    • High visibility with daily traffic exceeding 15,000 vehicles; shadow‑anchored by Starbucks, Walmart, and Aldi.
    • Vanilla box delivery; tenant improvements required.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop 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
    -88.257927691101
    Latitude
    40.148415719346

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    FAQs

    What type of property is this?
    Retail property - Prime retail space in thriving Champaign, IL. High traffic location.
    Where is this retail property located?
    The property is located at 2714 Prospect Ave Champaign, IL.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 1,450 SF retail space at 2714 N Prospect Ave, Champaign, IL.; Prime location in Class A, 2018-built retail center (10,615 SF total).; Strong tenant mix including OSF Urgo, Cricket Wireless, and Star Uniforms.
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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
    2714 Prospect Ave Champaign, IL 61822
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