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    201 Randolph St Champaign, IL 61820

    Sponsored
    For Lease
    $16 SF/Yr

    Versatile office suites, 989-7,212 sq ft.

    Lot size:
    18,202 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property at 201 N Randolph St, Champaign, IL 61820, offers a diverse range of office spaces ideal for various business needs. The building, constructed in 1971, encompasses 18,202 square feet across two stories and features four individual suites, with 7,212 square feet currently vacant. The minimum divisible space is 989 square feet, while the maximum contiguous space available is 7,212 square feet, providing flexibility for businesses of all sizes. The property boasts a convenient location in the heart of downtown Champaign, situated between Neil and State Street, offering easy access to amenities and excellent visibility. Building amenities include a shared break room, two restrooms, a common storage closet, and elevator access. Security features include a separate entrance with 24-hour access via a remote entry system. Ample parking is available with 69 spaces. The property is zoned commercial and offers stunning downtown views. The building's brick exterior adds to its classic charm. This versatile space is suitable for traditional office, executive office, coworking, medical office, or creative office uses.

    Property Features for 201 Randolph St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,202 SF
    Total Rate
    25027.75

    Building Details

    Year Built
    1971
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 1
    Size
    1,504 SF
    Rate per SF
    $16
    Space
    Suite 2
    Size
    989 SF
    Rate per SF
    $16
    Space
    Suite 3
    Size
    2,670 SF
    Rate per SF
    $16
    Space
    Suite 4
    Size
    2,049 SF
    Rate per SF
    $16

    HighLights

    • Prime downtown Champaign location.
    • 7,212 square feet maximum contiguous space available.
    • 989 square feet minimum divisible space.
    • Ample tenant parking; free client parking.
    • 24‑hour access with remote entry system.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Champaign
    County
    Champaign
    State
    Illinois
    Longitude
    -88.2453063
    Latitude
    40.1175506

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    FAQs

    What type of property is this?
    Office space - Versatile office suites, 989-7,212 sq ft.
    Where is this office space located?
    The property is located at 201 Randolph St Champaign, IL.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Prime downtown Champaign location.; 7,212 square feet maximum contiguous space available.; 989 square feet minimum divisible space.
    Request Owner's contact information
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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
    201 Randolph St Champaign, IL 61820
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