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Property profile

0 Farm Credit Dr Mahomet, IL 61853

OFF-MARKET
Retail properties & Spaces
5,920 SF 3 ac lot Built 2024
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Property summary

AI-generated overview

Prairieview Center, a brand-new, Class A commercial complex in Mahomet, IL's thriving Prairieview Commons development, offers exceptional leasing opportunities. This three-building complex boasts 5,920 total square feet, with flexible spaces ranging from 1,200 to 5,920 contiguous square feet, currently entirely vacant. The property features a total of four suites, ideal for multiple tenants or a single large occupant. Located at the high-traffic corner of US Highway 150 and Prairieview Road, with frontage on Interstate 74, the center benefits from excellent visibility and accessibility. High traffic counts of 9,100 AADT on US Highway 150 and 34,200 AADT on Interstate 74 ensure significant exposure. The property sits on 3 acres and includes ample parking with 100 spaces. Construction is slated to begin in Fall 2024, with completion anticipated for Summer 2025. The C2 - General Commercial zoning allows for diverse uses. Tenants will benefit from a $40/sqft tenant improvement allowance within a Net Net Net (NNN) lease structure. This prime location is just 5 miles northwest of Champaign-Urbana, in the rapidly growing community of Mahomet, a highly desirable area. Ameren Illinois provides power to the complex. This is a unique opportunity to secure space in a state-of-the-art facility within a dynamic and expanding market.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2024
Total area 5,920 SF
Lot 3 ac (130,680 SF)

Cap rate & NOI

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

Location

Farm Credit Dr Mahomet, IL 61853
Mahomet metro
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Value estimations

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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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