Property profile

229 Mattis Ave Champaign, IL 61821

OFF-MARKET
Retail properties & Spaces
304,588 SF 33 ac lot Built 1960
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Property summary

AI-generated overview

Country Fair Shopping Center offers a unique leasing opportunity in Champaign County. This 304,588 square foot, Class B retail and office property, built in 1960, sits on 33 acres of land and boasts 2,000 parking spaces. The property features multiple suites, ranging from a minimum of 481 square feet to a maximum contiguous space of 43,962 square feet, currently vacant. The center is strategically located at the northwest corner of Springfield Avenue (IL Rt. 10) and Mattis Avenue, a high-traffic area with 14,600 vehicles per day on Springfield Avenue and 23,000 vehicles per day on Mattis Avenue. This prime location offers excellent visibility and accessibility, surrounded by other major retailers including Round Barn Shopping Center, Union Square, and Walgreens. The property is zoned CG and has a single story design. Several available spaces offer various layouts and sizes, suitable for a range of businesses. Some spaces feature existing build-outs, while others offer the opportunity for custom build-outs to suit specific tenant needs. Outlots are also available for land lease or build-to-suit options. The property's APN is 41-20-10-452-004, 41-20-10-476-006, -008, -009, -002. This is an exceptional opportunity to establish a presence in a thriving retail corridor.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1960
Total area 304,588 SF
Lot 33 ac (1,437,480 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
  • Shopping Center & Mall

Location

229 Mattis Ave Champaign, IL 61821
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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