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Property profile

2401 Prospect Ave Champaign, IL 61821

OFF-MARKET
Retail properties & Spaces
595 SF

Property summary

AI-generated overview

This 595-square-foot retail space is available for lease within a busy Meijer store located at 2401 N Prospect Ave, Champaign, IL 61821, in Champaign County. The space offers a prime, front-of-store location providing exceptional visibility and access to thousands of weekly shoppers. This "store-within-a-store" concept boasts a highly attractive all-inclusive monthly fee covering real estate taxes, property insurance, CAM charges, and utilities. The property benefits from both interior and exterior signage opportunities for enhanced brand exposure. The location is situated in a thriving trade area with a desirable customer base. This turnkey solution is ideal for a variety of businesses, including but not limited to financial institutions, food and beverage establishments, service businesses, and health and wellness providers. The space is part of a larger retail presence within the Meijer store, offering a unique opportunity to leverage the established customer traffic and brand recognition of a major Midwest retailer. The property is currently vacant and ready for immediate occupancy. This presents a rare opportunity to establish a strong retail presence in a high-traffic location with minimal upfront investment.

Property profile

Verified
Property type Retail properties & Spaces
Total area 595 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
  • Electric Vehicle Charging Station
  • Locksmith (Bike/Boat/Book/etc) Store
  • Specialty Food Shop Supermarket
  • Big Box & Wholesale Store
  • Pharmacy

Value estimations

Realmo proprietary · 4 methods
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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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