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Financial
Distress signals
Property profile

2108 W Springfield Ave Champaign, IL 61821

FOR SALE
Other office properties
Property ID
US28-2206076
Last sale Jan 2023 · $330,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A freestanding multi-tenant office building constructed in 1970, located in west Champaign, Illinois on West Springfield Avenue (IL Rt. 10) between Country Fair Drive and Kenwood Avenue. The property is configured as seven office suites, with six smaller suites described as follows: Suite 1 & 3 at 1,370 square feet, Suite 2 at 953 square feet, Suite 4 at 1,134 square feet, Suite 5 at 795 square feet, Suite 6 at 641 square feet, and Suite 7 at 836 square feet. Each suite includes dedicated…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$11k
Tax billed · 2023
Assessed value$117k
Assessed land$73k
Assessed improvement$44k
Effective rate9.02%

Value estimate

· Oct 2026
$255k
$230k – $281k
NOI build-up
Gross scheduled income$100k
Vacancy & credit loss−$22k
Operating expenses−$19k
NOI · 15.55% cap applied$58k

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?
15.55%
$58k 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: Dry Cleaner
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dry Cleaner9.1
Bakery9.0
Carpet & Flooring Store9.0

Location

2108 W Springfield Ave Champaign, IL 61821
County assessor Recorded deeds · 4 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2118 Park, Champaign, IL 61821-2986 $5,250,000 Mar 2025 No data
2502 Galen Dr, Champaign, IL 61821-7049 $575,000 Jan 2025 No data
1207 Mattis, Champaign, IL 61821-4861 $1,145,000 Dec 2024 No data
2206 Springfield, Champaign, IL 61821-2912 $596,400 Feb 2024 No data
1304 Anthony, Champaign, IL 61821-1150 $555,000 Dec 2023 No data
2111 Park, Champaign, IL 61821-2986 $1,025,000 Dec 2022 No data
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?”
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