201 Randolph St Champaign, IL 61820
This exceptional commercial property at 201 N Randolph St, Champaign, IL 61820, offers a diverse range of office spaces ideal for various business needs. The building, constructed in 1971, encompasses 18,202 square feet across two stories and features four individual suites, with 7,212 square feet currently vacant. The minimum divisible space is 989 square feet, while the maximum contiguous space available is 7,212 square feet, providing flexibility for businesses of all sizes. The property boasts a convenient location in the heart of downtown Champaign, situated between Neil and State Street, offering easy access to amenities and excellent visibility. Building amenities include a shared break room, two restrooms, a common storage closet, and elevator access. Security features include a separate entrance with 24-hour access via a remote entry system. Ample parking is available with 69 spaces. The property is zoned commercial and offers stunning downtown views. The building's brick exterior adds to its classic charm. This versatile space is suitable for traditional office, executive office, coworking, medical office, or creative office uses.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.