2108 Springfield AveChampaign, IL 61821

Property Details for 2108 Springfield Ave

Property type

Office properties

Property subtype

Other office properties

APN

412010451015

APU

412010451015

Description

This 5,726-square-foot, Class B office building presents a compelling value-add opportunity in Champaign, Illinois. Built in 1970, the single-story structure sits on a 21,300-square-foot lot and features six established suites, offering flexible layouts suitable for single or multi-tenant occupancy. The suites range in size from 641 to 1,370 square feet, with each including its own restroom facilities. Currently, the building has a 65% occupancy rate. The property boasts 34 off-street parking spaces, a significant advantage in this location. Its strategic location on West Springfield Avenue (IL Route 10) provides convenient access to I-72, with I-74 and I-57 within a two-mile radius. The property is zoned CG - Commercial General and benefits from its position within an Enterprise Zone and a proposed Tax Increment Financing (TIF) District, offering potential tax advantages. The building's layout allows for the combination of suites to accommodate larger tenants. This property is an excellent investment opportunity for those seeking a value-add project with strong potential for increased rental income and appreciation. The APN is 41-20-10-451-015. The asking price is $425,000, and the lease type is gross.

Location Insight

City

Champaign

County

Champaign

State

Illinois

Latitude

40.1133

Longitude

-88.2844

CBSA code

16580

CBSA name

CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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