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    OFF-MARKET
    Neighborhood centers

    408 Town Center Blvd, Champaign, IL 61822

    8,982 SF Built 2020
    Property ID
    Property summary
    AI-generated overview

    This exceptional Class A retail space, totaling 8,982 square feet, is situated within the thriving Market Place Crossing development in Champaign, Illinois. Built in 2020, the single-story building features four suites, with 4,491 square feet currently available for lease. The space is divisible, offering options of 2,230 square feet (inline) and 2,261 square feet (endcap). The endcap space presents a unique opportunity for a drive-thru. The property boasts convenient access and ample parking due to cross-access and parking agreements with neighboring properties. Pylon signage is available along Town Center Boulevard, ensuring high visibility. Suites are delivered as vanilla-box spaces. The location benefits from high traffic counts on Town Center Boulevard (9,200 VPD) and Neil Street (11,000 VPD), and enjoys proximity to major retailers including La-Z-Boy, Freddy's Frozen Custard & Steakburgers, Costco, Menards, Target, and many more. The property is zoned CG - Commercial General and is located at 408 W Town Center Blvd, Champaign, IL 61822. The minimum leasable space is 2,230 square feet, with a maximum contiguous space of 2,261 square feet. The asking rent is $25.00 per square foot, NNN.

    Property profile
    Verified
    Property type Neighborhood centers
    Year built 2020
    Total area 8,982 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Nothing Bundt Cakes Bakery Specialty Food Shop
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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