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    908 Town Center Blvd Champaign, IL 61822

    Sponsored
    For Lease
    $22 SF/Yr

    High-traffic retail spaces near University of Illinois.

    Lot size:
    2,401 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This Champaign, Illinois retail property, located at 908 & 914 West Town Center Boulevard, offers two available spaces totaling 770 to 1,631 square feet. Situated on a Meijer's outlot at the highly visible corner of Prospect and Town Center Boulevard, this retail center benefits from exceptional exposure to a large volume of daily traffic. The property boasts a strong tenant mix, including established national brands such as Verizon Wireless, Great Clips, Americash, and Penn Station, creating a synergistic and desirable retail environment. The spaces are ideal for a variety of retail uses, providing an excellent opportunity to establish a presence in a thriving market. The Champaign-Urbana area is a dynamic community anchored by the University of Illinois, ensuring a consistent flow of customers and a robust local economy. This prime location offers unparalleled visibility and accessibility, making it an attractive investment for businesses seeking to capitalize on the area's strong retail market. The property is in Champaign County, Illinois, with a zip code of 61822. While the center has historically maintained 100% occupancy since its construction, these two spaces present a unique opportunity for new tenants to join this successful retail center.

    Property Features for 908 Town Center Blvd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,401 SF

    Unit(s) available at that property

    Space
    914 Town Center Blvd
    Size
    1,631 SF
    Rate per SF
    $22
    Space
    908 Town Center Blvd.
    Size
    770 SF
    Rate per SF
    $24

    HighLights

    • Two retail spaces available, totaling 770‑1,631 square feet, in Champaign, IL.
    • Located on a Meijer's outlot at a high‑traffic corner, offering excellent visibility.
    • Strong tenant mix includes national brands like Verizon and Great Clips.
    • Ideal for various retail uses in a thriving market anchored by the University of Illinois.
    • Prime location in Champaign County, IL (61822), with historically 100% occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    AmeriCash Loans Loan Agency

    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
    -88.2592171
    Latitude
    40.1432154

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail spaces near University of Illinois.
    Where is this retail property located?
    The property is located at 908 Town Center Blvd Champaign, IL.
    What is the lease rate?
    The lease rate is $22-$24 SF/Yr.
    What are key features of this property?
    This property features: Two retail spaces available, totaling 770-1,631 square feet, in Champaign, IL.; Located on a Meijer's outlot at a high-traffic corner, offering excellent visibility.; Strong tenant mix includes national brands like Verizon and Great Clips.
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    908 Town Center Blvd Champaign, IL 61822
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    Champaign, IL 61822
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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
    908 Town Center Blvd Champaign, IL 61822
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