812 Interstate Dr Champaign, IL 61822
- Commercial real estate
- 1.25 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 812 Interstate Dr
- Lot size
- 1.25 lot acres
- Property type
- Commercial real estate
Description
This exceptional 1.25-acre commercial land parcel presents a unique development opportunity in Champaign, Illinois. Located at 812 Interstate Dr, this site boasts 343 feet of frontage on the thriving North Prospect Avenue retail corridor and an additional 139 feet of frontage on Interstate Drive, providing unparalleled visibility and accessibility. The property is zoned CN - Commercial Neighborhood, allowing for a variety of development options. All utilities are readily available at the site, simplifying the development process. Its strategic location at the northeast corner of North Prospect Avenue and Interstate Drive offers easy access to Interstates 57 and 74, ensuring high traffic volume and convenient access for customers. The area is already home to a dense concentration of major retailers, including Walmart, Aldi, Menards, Starbucks, Chick-fil-A, Meijer, AMC Theatres, Best Buy, Target, Lowe's, and Portillo's, creating a strong retail environment. Furthermore, numerous residential complexes are within walking distance, providing a substantial customer base. Traffic counts on North Prospect Avenue range from 11,800 to 28,200 AADT, while Interstate Drive sees 5,300 AADT, indicating significant daily traffic flow. This site represents the next logical step in the continued growth of the North Prospect retail corridor, offering an unparalleled opportunity for developers seeking a high-traffic, high-visibility location in a thriving market. The asking price for this exceptional property is $705,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Champaign
- County
- Champaign
- State
- Illinois
- Longitude
- -88.2575495
- Latitude
- 40.1496958
