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Property profile & analytics

12 Main St Champaign, IL 61820

  • Retail space
Value Estimation
$155,000
Last Sale
Jul 01, 2022
$159,000
Location Intelligence
Property ID
US28-1434630
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

  • Retail space

Property Details for 12 Main St

Property type
Retail space
APN
422012429004
APU
422012429004

Description

This exceptional 2531-square-foot retail/office space is located in the vibrant heart of Downtown Champaign, Illinois. Currently undergoing a complete exterior facade restoration, the property will feature a stunning new storefront and glazing, returning it to its original architectural glory. The first floor comprises two combined retail units, offering a flexible, open layout ideal for a variety of businesses. Amenities include a restroom and ample backroom storage. The space can be delivered as a "vanilla box" or with a substantial tenant improvement allowance, providing flexibility to suit individual business needs. The second floor is currently under conversion into multiple apartments, presenting a unique opportunity for a synergistic business model. This prime location benefits from its proximity to a diverse range of amenities, including numerous restaurants, bars, cafes, hotels, and a robust retail sector. Its strategic position within two miles of the University of Illinois campus ensures a constant flow of students, faculty, and visitors, creating a strong and diverse customer base. The property is managed by a leading Central Illinois commercial property management firm, ensuring seamless operations and professional management. This is a rare opportunity to secure a high-profile space in a thriving downtown area with significant potential for growth and success.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $130,000
  • CAP approach

    CAP return
    Estimation
    6%
    $180,000
    6.5%
    $175,000
    7%
    $190,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $210,000
    Geo Method
    $185,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $160,000
    Retail
    $190,000
    Mixed-Use
    $160,000
    Hospitality
    $180,000
    Educational
    $165,000
    Residential Income
    $170,000
    Energy
    $185,000
    Income-Based Land
    $155,000
    Food Service
    $160,000

Location Insight

  • Map
  • Local Demand
City
Champaign
County
Champaign
State
Illinois
Longitude
-88.243
Latitude
40.1178
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
$3,416
$10,370
$28,430
$38,800
-
$31,110
$85,290
$116,400
More about this property
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