Realmo Analytics

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Property profile

1903 Convenience Pl Champaign, IL 61820

FOR SALE
Turn key restaurants
Property ID
US28-0097900
Last sale Oct 2025 · $2,819,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 4,980 square foot free-standing commercial building situated on a 1.24-acre lot at 1903 Convenience Place, Champaign, Illinois. The property is currently occupied by a Panera Bread franchise under a long-term lease, providing significant and stable income generation. The original lease commenced on August 29, 2005, and has a substantial remaining term, expiring on December 31, 2033. This provides a considerable period of predictable cash…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$35k
Tax billed · 2023
Assessed value$388k
Assessed land$117k
Assessed improvement$271k
Effective rate9.02%

Value estimate

· Oct 2026
$615k
$554k – $677k
NOI build-up
Gross scheduled income$242k
Vacancy & credit loss−$14k
Operating expenses−$57k
NOI · 2.15% cap applied$172k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
2.15%
$172k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCHAMPAIGN

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency13.4
Law Firm10.7
Plumbing Service9.8

Location

1903 Convenience Pl Champaign, IL 61820
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2037 Neil, Champaign, IL 61820-7219 $2,000,000 Sep 2025 No data
105 John, Champaign, IL 61820-5215 $3,625,000 May 2025 No data
301 Grn, Champaign, IL 61820-5608 $300,000 Mar 2025 No data
2033 Neil, Champaign, IL 61820-7219 $1,950,000 Jan 2025 No data
111 Walnut, Champaign, IL 61820 $4,750,000 Dec 2024 No data
1114 Market, Champaign, IL 61820-3011 $200,000 Oct 2024 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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