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    2401 Prospect Ave Champaign, IL 61821

    Sponsored
    For Lease
    Contact for pricing

    High-traffic in-store retail space.

    Lot size:
    595 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 595-square-foot retail space is available for lease within a busy Meijer store located at 2401 N Prospect Ave, Champaign, IL 61821, in Champaign County. The space offers a prime, front-of-store location providing exceptional visibility and access to thousands of weekly shoppers. This "store-within-a-store" concept boasts a highly attractive all-inclusive monthly fee covering real estate taxes, property insurance, CAM charges, and utilities. The property benefits from both interior and exterior signage opportunities for enhanced brand exposure. The location is situated in a thriving trade area with a desirable customer base. This turnkey solution is ideal for a variety of businesses, including but not limited to financial institutions, food and beverage establishments, service businesses, and health and wellness providers. The space is part of a larger retail presence within the Meijer store, offering a unique opportunity to leverage the established customer traffic and brand recognition of a major Midwest retailer. The property is currently vacant and ready for immediate occupancy. This presents a rare opportunity to establish a strong retail presence in a high-traffic location with minimal upfront investment.

    Property Features for 2401 Prospect Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    595 SF

    Unit(s) available at that property

    Space
    Suite FD
    Size
    595 SF

    HighLights

    • High‑traffic, highly visible, front‑of‑store location within a busy Meijer.
    • Access to thousands of weekly shoppers.
    • All‑inclusive monthly rent covering taxes, insurance, CAM, and utilities.
    • Interior and exterior signage opportunities.
    • Excellent trade area with strong demographics.
    • Multiple Meijer in‑store spaces available throughout the Midwest.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tesla Supercharger Electric Vehicle Charging Station Minute Key Key Duplication Service Meijer Supermarket Primo Water Refill ... Bottled Water Supplier Meijer Pharmacy Pharmacy

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office 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
    -88.260008687812
    Latitude
    40.144526796608

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic in-store retail space.
    Where is this individual retail property located?
    The property is located at 2401 Prospect Ave Champaign, IL.
    What are key features of this property?
    This property features: High-traffic, highly visible, front-of-store location within a busy Meijer.; Access to thousands of weekly shoppers.; All-inclusive monthly rent covering taxes, insurance, CAM, and utilities.
    Request Owner's contact information
    2401 Prospect Ave Champaign, IL 61821
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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
    2401 Prospect Ave Champaign, IL 61821
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