Financial
Distress signals
Property profile

1401 Parkland Ct Champaign, IL 61821

FOR LEASE
Commercial real estate
Property ID
US28-5719076
1.4 ac lot
Last sale Nov 2025 · $1,100,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 15,232 square foot commercial property presents a unique opportunity for a variety of businesses. The building boasts a crisp, clean interior with exceptional natural lighting. Currently configured with two distinct areas separated by glass windows and doors, the space offers flexibility for diverse operational needs. A professional office area is complemented by a convenient kitchen and separate bathrooms. The property sits on a 1.4-acre lot, providing ample space for

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$24k
Tax billed · 2023
Assessed value$267k
Assessed land$32k
Assessed improvement$235k
Effective rate9.02%

Value estimate

· Sep 2026
$335k
$302k – $369k
NOI build-up
Gross scheduled income$53k
Vacancy & credit loss−$3k
Operating expenses−$15k
NOI · 351,760.00% cap applied$35k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$350/SF
County average, outlier-cleaned · 19 recorded sales of this use type
Observed band · Q1–Q3$77 – $1,733

Cap rate analysis

How does the asset earn?
351,760.00%
$35k 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: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm21.7
Dental Office20.3
Restaurant15.0

Location

1401 Parkland Ct Champaign, IL 61821
County assessor Recorded deeds · 2 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Champaign, IL 61821 $5,840,000 May 2025 N/A
1907 Cone, Champaign, IL 61821 $145,000 Sep 2023 N/A
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
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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