2312 Springfield Ave Champaign, IL 61821
- Turn key restaurants
- 0.50 lot acres
Current Use by Public Records
- Cao's Chinese Restaurant- Hot Pot (曹府火锅） / Hot Pot Restaurant
- Da Shark / Fast Food Restaurant
Property Details for 2312 Springfield Ave
- Lot size
- 0.50 lot acres
- Property type
- Turn key restaurants
- APN
- 412010451009
- APU
- 412010451009
Description
This exceptional 3,075-square-foot mixed-use property in Champaign, Illinois, presents a compelling investment opportunity. Located at 2312 W Springfield Avenue, this property sits on a half-acre lot and boasts ample parking for 55+ vehicles. Previously operating as a successful restaurant, this turnkey operation offers immediate income potential and is adaptable to a variety of business ventures. Its strategic location, just two blocks west of a newly established Starbucks, ensures high visibility and significant foot traffic in a desirable area. The property benefits from its proximity to a thriving business district, attracting a steady stream of potential customers. Furthermore, the property is eligible for various state and local small business support programs, offering additional incentives for prospective buyers. The building is being sold AS-IS. This property is ideal for entrepreneurs seeking a ready-to-go business or investors looking for a strong return on investment in a high-growth area. The combination of a prime location, existing infrastructure, and potential for future expansion makes this a truly unique opportunity. The asking price is $425,000, and seller financing is available for qualified buyers.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $315,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $300,000
- 6.5%
- $305,000
- 7%
- $290,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $295,000
- Geo Method
- $285,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $340,000
- Retail
- $290,000
- Mixed-Use
- $335,000
- Hospitality
- $325,000
- Educational
- $310,000
- Residential Income
- $270,000
- Energy
- $365,000
- Income-Based Land
- $295,000
- Food Service
- $290,000
Location Insight
- Map
- Local Demand
- City
- Champaign
- County
- Champaign
- State
- Illinois
- Longitude
- -88.2858
- Latitude
- 40.1133
- CBSA code
- 16580
- CBSA name
- CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA
