Property profile

1412 Prospect Ave Champaign, IL 61820

OFF-MARKET
Retail properties & Spaces
29,075 SF Built 1980
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Property summary

AI-generated overview

Pioneer Plaza offers multiple retail spaces for lease in Champaign, Illinois, ranging from 1,125 to 3,375 square feet. Located at the highly visible intersection of North Prospect Avenue and Bloomington Road, this well-established shopping center benefits from significant traffic counts and excellent visibility. The property, built in 1980 and totaling 29,075 square feet, features a large parking area and pylon signage. Six suites are available, each offering varying layouts and features. Options include spaces with reception areas, multiple offices, storage rooms, restrooms, and kitchenettes. Some spaces are open and adaptable, while others offer a mix of finished and unfinished areas. One suite offers approximately 2,600 square feet, another approximately 1,400 square feet, and others range from 1,125 to 2,250 square feet. The largest available space is approximately 3,375 square feet. The property is zoned CG – Commercial General and is situated near major retailers such as Walgreens, Dollar General, PNC Bank, Rent-A-Center, Home Depot, and numerous fast-food restaurants. Easy access to Interstate 74 further enhances its strategic location. Estimated 2024 NNN expenses are $4.00 per square foot. This prime retail location presents a compelling opportunity for businesses seeking high visibility and strong foot traffic in a thriving commercial area.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1980
Total area 29,075 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm

Location

1412 Prospect Ave Champaign, IL 61820
Champaign metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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