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    701 Devonshire Dr Champaign, IL 61820

    For Lease
    $25 SF/Yr

    Flexible office space, 9 suites available

    Lot size:
    21,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    The Business Technology Center (BTC) offers 21,000 square feet of versatile office space in Champaign County, ideal for businesses of all sizes. This two-story, 1978-built building features 20 suites, with spaces ranging from a minimum of 120 square feet to a maximum contiguous space of 852 square feet. Currently, 1,470 square feet are available for lease. Utilities are included in the lease price. Optional services include phone and voicemail, high-speed fiber internet, access to a copier/fax/scanner, and a postage meter. Free access to conference rooms is also provided. The BTC is conveniently located off Devonshire Drive in the Colony Square Complex, near the Carriage Center retail development and Mattis Park. Neighboring businesses include Hope Springs, Colony Square Cleaners, Chesser Financial, and Colony Property Management. A virtual office option is available for $125 per month, including a business address, mailbox, and up to 10 hours of conference room use per month. The property's APN is 45-20-24-304-001.

    Property Features for 701 Devonshire Dr

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,000 SF
    Total Rate
    43837.5

    Building Details

    Year Built
    1978
    Stories
    2

    Unit(s) available at that property

    Space
    Virtual Office Space
    Size
    0 SF
    Space
    Suite 204
    Size
    388 SF
    Rate per SF
    $25
    Space
    Suite 209
    Size
    852 SF
    Rate per SF
    $18,900
    Space
    Suite 101B
    Size
    120 SF
    Rate per SF
    $5,400
    Space
    Suite 208
    Size
    280 SF
    Rate per SF
    $7,260
    Space
    Suite 138
    Size
    130 SF
    Rate per SF
    $4,500
    Space
    Suite 206
    Size
    200 SF
    Rate per SF
    $5,400
    Space
    Suite 207A
    Size
    385 SF
    Rate per SF
    $9,720
    Space
    Suite 101A
    Size
    120 SF
    Rate per SF
    $5,400
    Space
    Suite 207
    Size
    435 SF
    Rate per SF
    $10,800

    HighLights

    • 21,000 square foot office building with multiple suites available for lease.
    • Suites range from 120 to 852 square feet, with 1,470 square feet currently vacant.
    • Building features 20 total suites across two stories, built in 1978.
    • Property is located in Champaign County, Illinois, with the APN 45‑20‑24‑304‑001.
    • Utilities included in lease; additional services such as phone/voicemail, internet, and access to shared equipment available for an added fee.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Metro Infusion Center Medical Center Melissa Lopez Hittle ... Auto Insurance Agency Business & Technology Center Office Jr's Driving School Driving School Jen Watson Consulting Marketing Consultant

    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
    -88.254839
    Latitude
    40.08861

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    FAQs

    What type of property is this?
    Office space - Flexible office space, 9 suites available
    Where is this office space located?
    The property is located at 701 Devonshire Dr Champaign, IL.
    What is the lease rate?
    The lease rate is $0.00-$18,900 SF/Yr.
    What are key features of this property?
    This property features: 21,000 square foot office building with multiple suites available for lease.; Suites range from 120 to 852 square feet, with 1,470 square feet currently vacant.; Building features 20 total suites across two stories, built in 1978.
    Request Owner's contact information
    701 Devonshire Dr 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
    701 Devonshire Dr Champaign, IL 61820
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