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Property profile

408 Town Center Blvd Champaign, IL 61822

OFF-MARKET
Neighborhood centers
8,982 SF Built 2020

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

Current use

Occupant on record · Public records
  • Bakery Specialty Food Shop

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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