2602 Mattis Ave Champaign, IL 61822

Property Details for 2602 Mattis Ave

Property type

Commercial real estate

APN

411435351025

APU

411435351025

Description

This exceptional investment opportunity presents two buildings totaling 26,456 square feet of fully leased flex space in Champaign, Illinois. Located at 2602 N Mattis Ave, this Core+ property boasts a 7.24% cap rate and a strong net operating income (NOI) of $105,000, with an asking price of $1,450,000 ($54.81/sq ft). The property is currently subdivided into seven individual office/flex suites, catering to a diverse tenant base. The buildings offer significant advantages including over 50 parking spaces and eight overhead doors, ensuring convenient access and operational efficiency. Situated in the northwest Champaign area, this property benefits from excellent visibility and accessibility, with quick access to Interstate highways and high traffic volume (ADT of 9,800 vehicles). The gross lease structure simplifies management, while the 100% occupancy guarantees immediate cash flow. This is a rare opportunity to acquire a high-performing, multi-tenant industrial property in a thriving market. The property's combination of strong financial performance, desirable location, and versatile space makes it an ideal addition to any investment portfolio. The property type is industrial, with flex and warehouse subtypes, making it suitable for a variety of businesses. The Champaign County location offers a strategic advantage within the local market.

Location Insight

City

Champaign

County

Champaign

State

Illinois

Longitude

-88.2757

Latitude

40.1449

CBSA code

16580

CBSA name

CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments