Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2206 Springfield Ave Champaign, IL 61821

    Sponsored
    For Sale
    $350,000

    Prime Retail/Office, High Traffic Area

    Property size:
    3,854 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 3,854 square foot retail building, situated on a 0.55-acre lot in Champaign, Illinois (APN 41-20-10-451-014), presents a compelling investment opportunity. Built in 1973, the property features primarily open retail space, complemented by a couple of back rooms and a single restroom. The building boasts substantial power capacity with 1200 amps, 3-phase power. Located on West Springfield Avenue, a high-traffic arterial road with 16,200 vehicles passing daily, the property benefits from excellent visibility and accessibility. The surrounding area is a vibrant mix of retail, office, and multi-family uses, anchored by national retailers such as Burger King, Taco Bell, Papa Johns, Dunkin' Donuts, and Circle K, as well as regional banks like Busey and Heartland Bank & Trust. A potential cross-access parking agreement may be necessary with the adjacent car wash at 2208 W. Springfield Avenue, depending on the intended use. Note that the adjacent car wash property at 2208 W. Springfield Ave is also available for purchase. The property is zoned CG - Commercial General, offering flexibility for a variety of commercial uses. The asking price is $350,000, translating to $90.81 per square foot. This presents a strong value proposition in a desirable location with high traffic counts and established commercial presence.

    Property Features for 2206 Springfield Ave

    General Information

    Property type
    Retail properties
    Square Feet
    3,854 SF
    Lot Size
    23,958 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    UPS Authorized Shipping ... Shipping And Mailing Service CU Pack N ... Mailing Service Parcel Plus Business Related

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -88.2846591
    Latitude
    40.1133455

    Nearby Similar for Sale

    • $3,850,000
      0.29 Acres

      Historic Downtown Champaign Mixed-Use Building

      Landmark building with retail, office, and residential potential.
      41 E University Ave, Champaign, IL 61820
      View Details
    • $1,250,000
      9.88 Acres

      Commercial Property with Residential Home

      9.88 acres with commercial building, residential home, and income.
      3612 W Bloomington Rd, Champaign, IL 61822
      View Details
    • $999,900
      0.48 Acres

      Bi-Level Retail Facility For Sale

      Standalone retail facility on a prime out lot of Market Place Mall.
      6 Convenience Center Rd, Champaign, IL 61820
      View Details
    • $2,300,000
      2.61 Acres

      Champaign Commercial Building For Sale

      13,580 SF commercial building converted to school/daycare.
      2301 W Bradley Ave, Champaign, IL 61821
      View Details
    • $698,000
      0.40 Acres

      Commercial Building in Champaign, IL

      Commercial building with retail, office, and warehouse space available.
      909 W Bloomington Rd, Champaign, IL 61821
      View Details
    • $949,900
      5.00 Acres

      Versatile Commercial Property in Champaign

      Warehouse, office, acreage, and single-family rental near I-57.
      1069 County Road 900, Champaign, IL 61822
      View Details
    • $5,000,000
      0.17 Acres

      Downtown Champaign Apartment Building Investment

      32-unit apartment building in downtown Champaign with strong leasing history.
      11 E Columbia Ave, Champaign, IL 61820
      View Details
    • $359,900

      Warehouse/Office Condo in Champaign

      Warehouse/Office condo near Springfield Ave and Staley Rd intersection.
      412 S Staley Rd, Champaign, IL 61822
      View Details
    • $3,000,000
      0.21 Acres

      Versatile Multi-Tenant Investment Opportunity

      3,600 SF multi-tenant building in Champaign, Illinois for sale.
      505 E University Ave, Champaign, IL 61820
      View Details
    • $299,900
      0.18 Acres

      Champaign Multifamily Investment Opportunity

      Five-unit building near downtown Champaign with recent upgrades.
      617 W Springfield Ave, Champaign, IL 61820
      View Details
    • $185,000

      Champaign Residential Income Opportunity

      Residential income property with strong rental history near amenities.
      1604 Kirk Ln, Champaign, IL 61821
      View Details
    • New
      $219,900
      0.05 Acres

      Champaign Multifamily Investment Opportunity

      Two-unit property near campus, fully leased through July 2026.
      103 S 3Rd St, Champaign, IL 61820
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime Retail/Office, High Traffic Area
    Where is this retail property located?
    The property is located at 2206 Springfield Ave Champaign, IL.
    What is the asking price?
    The asking price for this property is $350,000.
    (217) 352-7712
    Request Owner's contact information
    2206 Springfield Ave Champaign, IL 61821
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2206 Springfield Ave
    Champaign, IL 61821
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2206 Springfield Ave Champaign, IL 61821
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.