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    OFF-MARKET
    Land

    4403 Legends Dr, Champaign, IL 61822

    0.99 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 13-acre (divisible) commercial land parcel presents a unique investment opportunity in Champaign, Illinois. Located at 4403 Legends Dr, this property is zoned CN - Commercial Neighborhood and offers flexible lot sizes to accommodate various development plans. The asking price is $3,397,680, with pricing per square foot ranging from $6 to $10, depending on lot size. Lots under 1.5 acres are priced at $10/SF, lots between 1.5 and 3 acres at $8/SF, and lots over 3 acres at $7/SF. The entire 13 acres can be purchased for $6/SF. The property is part of the larger 157-acre Legends development, a thriving community featuring over 500 luxury apartments and a 9-hole golf course, ensuring high visibility and strong surrounding demographics. Its strategic location at the corner of Curtis Road and Staley Road offers excellent access to Interstate 57, providing convenient access to major transportation routes. Furthermore, its proximity to the 210-acre Carle at the Fields development, with its medical offices, retail shops, and restaurants, creates a synergistic environment ripe for commercial success. This fast-growing area presents a compelling opportunity for developers seeking a prime location within a well-established and expanding community. The property's APN is 03-20-29-400-006. Lot sizing is flexible and has not yet been finalized or replatted.

    Property profile
    Verified
    Property type Land
    Lot 0.99 ac (43,124 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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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