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    201 Springfield Ave Champaign, IL 61820

    For Lease
    $19 SF/Yr

    Champaign, IL Office Space Available

    Lot size:
    76,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Huntington Tower, a twelve-story Class B office building in Champaign, Illinois, offers flexible office spaces ideal for businesses of various sizes. Located at 201 W Springfield Ave, this prime location boasts easy access to downtown Champaign and the University of Illinois campus. The building features 76,000 square feet of total space, with suites ranging from a minimum of 220 square feet to a maximum contiguous space of 5,830 square feet. Currently, several suites are available, including options of 530 and 1,260 square feet. Recent renovations include a remodeled lobby and common areas (completed in 2020), enhancing the professional atmosphere. Amenities include fiber optic availability, a shared conference facility, secure Passpoint card access, free parking in a nearby deck and adjacent lots, responsive on-site management and maintenance, and an appealing outdoor green space. The building also provides convenient water and trash services. This centrally located property offers a blend of modern amenities and a convenient location, making it an attractive option for businesses seeking office space in Champaign. The building consists of one structure with two elevators. Champaign County is the location.

    Property Features for 201 Springfield Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    76,000 SF
    Class
    B
    Total Rate
    120333.33

    Building Details

    Buildings
    1
    Stories
    12

    Unit(s) available at that property

    Space
    503
    Size
    530 SF
    Rate per SF
    $10,080
    Space
    308
    Size
    1,260 SF
    Rate per SF
    $19
    Space
    204
    Size
    530 SF
    Rate per SF
    $10,080

    HighLights

    • Remodeled lobby and common areas (2020).
    • Fiber optic internet available.
    • Centrally located near downtown Champaign and the University of Illinois.
    • Shared conference facility.
    • Secure access via Passpoint card system.
    • Free parking in nearby deck and lots, with responsive on‑site management and maintenance.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Vorborg Studios LLC Recording Studio Symbolic Sound Corporation Video Production Service Coldwell Banker Commercial ... Commercial Real Estate Agency Kunas Robert a DDS Dentist Practical Technology Services, ... Computer Support And Services

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Champaign
    County
    Champaign
    State
    Illinois
    Longitude
    -88.245482
    Latitude
    40.112081

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    FAQs

    What type of property is this?
    Office space - Champaign, IL Office Space Available
    Where is this office space located?
    The property is located at 201 Springfield Ave Champaign, IL.
    What is the lease rate?
    The lease rate is $19-$10,080 SF/Yr.
    What are key features of this property?
    This property features: Remodeled lobby and common areas (2020).; Fiber optic internet available.; Centrally located near downtown Champaign and the University of Illinois.
    Request Owner's contact information
    201 Springfield Ave Champaign, IL 61820
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    Champaign, IL 61820
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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 Springfield Ave Champaign, IL 61820
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