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    44 Main St Champaign, IL 61820

    Sponsored
    For Lease
    $15 SF/Yr

    Historic building, flexible spaces, prime location.

    Lot size:
    10,075 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This five-story, 1916 building offers versatile office suites in Champaign's vibrant downtown, ranging from 149 to 3,411 contiguous square feet. Located at 44 E Main St, near Walnut Street, this property boasts a prime location within the historic district, surrounded by numerous restaurants and retail establishments. The building features an elevator, common restrooms, and ample parking available for rent in a private lot. Suites are available as-is or with landlord-provided fit-outs to meet tenant needs. Suite 102, for example, offers a first-floor space previously used as a Pilates studio, featuring high ceilings, abundant natural light, a kitchenette, washer/dryer hookups, two changing rooms, two restrooms, and three offices. The building's zoning is CB2 (Champaign County). Leases are absolute gross, with the landlord covering taxes, CAM, building, and liability insurance. Tenants are responsible for electricity, telecommunications, janitorial services, and cleaning. Heating, trash, and water are included in the rent. The $15.00 per square foot rate reflects this comprehensive approach. The property's APN is 42-20-12-434-005. With ongoing development in the area, this location presents a unique opportunity for businesses of all sizes.

    Property Features for 44 Main St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,075 SF

    Building Details

    Year Built
    1916
    Stories
    5

    Unit(s) available at that property

    Space
    Suite 418-420
    Size
    806 SF
    Rate per SF
    $15
    Space
    Suite 319-320
    Size
    796 SF
    Rate per SF
    $15
    Space
    Suite 405
    Size
    325 SF
    Rate per SF
    $15
    Space
    Suite 517
    Size
    396 SF
    Rate per SF
    $15
    Space
    Suite 415
    Size
    149 SF
    Rate per SF
    $15
    Space
    Suite 303
    Size
    839 SF
    Rate per SF
    $15
    Space
    Suite 402
    Size
    281 SF
    Rate per SF
    $15
    Space
    Suite 411A
    Size
    205 SF
    Rate per SF
    $15
    Space
    Suite 417-417A
    Size
    309 SF
    Rate per SF
    $15
    Space
    Suite 404
    Size
    314 SF
    Rate per SF
    $15
    Space
    Suite 501
    Size
    199 SF
    Rate per SF
    $15
    Space
    Suite 301
    Size
    230 SF
    Rate per SF
    $15
    Space
    Suite 502
    Size
    281 SF
    Rate per SF
    $15
    Space
    Suite 401
    Size
    230 SF
    Rate per SF
    $15
    Space
    Suite 102
    Size
    3,411 SF
    Rate per SF
    $15
    Space
    Suite 302
    Size
    281 SF
    Rate per SF
    $15
    Space
    Suite 514
    Size
    306 SF
    Rate per SF
    $15
    Space
    Suite 403
    Size
    225 SF
    Rate per SF
    $15
    Space
    Suite 416
    Size
    229 SF
    Rate per SF
    $15
    Space
    Suite 516
    Size
    263 SF
    Rate per SF
    $15
    Property Profile Location Intelligence

    Current Use by Public Records

    Adapt-A-Lap Office Home Health Care Service Lawrence Kessler Optometrist PRP injection Clinic ... Corporate Office Renee M. Dumond, ... Doctor Kathleen E. El ... Doctor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Champaign
    County
    Champaign
    State
    Illinois
    Longitude
    -88.2414634
    Latitude
    40.1176465

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    FAQs

    What type of property is this?
    Office space - Historic building, flexible spaces, prime location.
    Where is this office space located?
    The property is located at 44 Main St Champaign, IL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    Request Owner's contact information
    44 Main St 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
    44 Main St Champaign, IL 61820
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