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Financial
Distress signals
Property profile

2206 W Springfield Ave Champaign, IL 61821

FOR SALE
Other office properties
Property ID
US28-5039918
Last sale Feb 2024 · $596,500
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Constructed in 1973, this 3,854-square-foot commercial building features a primarily open retail sales area supported by two back rooms and one restroom. The building is served by 1,200 amps of 3-phase electrical power. It is located on West Springfield Avenue, just west of Country Fair Drive, within a mixed-use area that includes retail, office, and multi-family properties; the site has an indicated traffic count of 16,200 vehicles per day. Zoning and development uses are not specified, and…

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?
$17k
Tax billed · 2023
Assessed value$191k
Assessed land$110k
Assessed improvement$81k
Effective rate9.02%

Value estimate

· Oct 2026
$595k
$536k – $655k
AI approach$595k
NOI build-up
Gross scheduled income$51k
Vacancy & credit loss−$4k
Operating expenses−$14k
NOI · 9.31% cap applied$33k

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?
9.31%
$33k 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

2206 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
1304 Anthony, Champaign, IL 61821-1150 $555,000 Dec 2023 No data
2108 Springfield, Champaign, IL 61821-2921 $330,000 Jan 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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