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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

2035 Neil St Champaign, IL 61820

5,335 SF 0.93 ac lot Built 2015
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2015
Total area 5,335 SF
Lot 0.93 ac (40,511 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
Current use
Occupant on record · Public records
  • Orangetheory Fitness Gym & Fitness Center
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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