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    2021 1St St Champaign, IL 61820

    • Office Properties & Spaces
    For Lease
    View listing
    $17 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US28-1014467
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • John Deere Technology Innovation Center / Research Institute
    • Graybar / Electrical Supply Store
    • Agrible, Inc. / Agricultural Service / Company
    • Aviatrix Systems, Inc. / Corporate Office
    • Striped Sail, Ltd. / Software Company / Manufacturer

    Property Details for 2021 1St St

    Property type
    Office Properties & Spaces
    APN
    452024426004
    APU
    452024426004

    Description

    This exceptional Class A office building, located at 2021 S. First Street in Champaign, Illinois, offers a prime opportunity for businesses seeking modern, efficient workspace. The two-story, 52,724 square foot building boasts upscale interior and exterior finishes, including a striking brick and metal façade. Currently, there are multiple tenancy options available, ranging from 2,800 to 4,111 square feet. Amenities include a shared conference room and coffee station, perfect for fostering collaboration and employee satisfaction. The building also features 162 parking spaces and a single elevator for convenient access to both floors. Built in 2006, this property benefits from its location within the Research Park submarket, offering stunning views of a landscaped pond and walking paths from the south-facing windows. The 3.43 acres of land provide ample space and potential for future expansion. With 1,544 square feet currently vacant, this is an ideal opportunity to secure high-quality office space in a thriving research and development community. The property's strategic location in Champaign, IL (zip code 61820) provides easy access to major transportation routes and local amenities. Don't miss this chance to establish your business in a prestigious and well-appointed setting.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Champaign
    County
    Champaign
    State
    Illinois
    Longitude
    -88.2392
    Latitude
    40.0887
    CBSA code
    16580
    CBSA name
    CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $195,245
    $209,450
    $1,955,630
    $2,165,080
    -
    $628,350
    $5,866,890
    $6,495,240

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    2021 1St St
    Champaign, IL 61820
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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