2035 Neil StChampaign, IL 61820

Property Details for 2035 Neil St

Year built

2015

Lot size

0.93 AC

Property size (Sq ft)

5,335 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional retail investment property, located at 2035 S Neil St in Champaign, Illinois, presents a compelling opportunity. The 5,335 square foot building sits on a 0.93-acre lot and boasts 100% occupancy with two strong national tenants: Orange Theory Fitness and AT&T. Built in 2015, the property features 51 parking spaces and benefits from a prominent street-front location offering excellent visibility and accessibility. The property is zoned for general commercial use and is an outparcel to the Carriage Center, situated within a dense commercial corridor. The strong demographics of the 5-mile trade area, coupled with the proximity to the University of Illinois Urbana-Champaign (59,000 students), ensure a robust and stable tenant base. The asking price is $1,950,000, representing a 7.25% capitalization rate with a current Net Operating Income (NOI) of $141,372. The property is offered fee simple (land and building), providing complete ownership. This investment offers significant upside potential and is an ideal addition to any portfolio seeking strong returns and stable tenancy in a thriving market. The property's APN is 452024401006.

Location Insight

City

Champaign

County

Champaign

State

Illinois

Latitude

40.0909

Longitude

-88.2464

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