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    1201 Savoy Plaza Ln Savoy, IL 61874

    • Commercial real estate
    For Lease
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US28-3179057
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Savoy Plaza / Business Center / Shopping Mall
    • Goodwill / Thrift Store

    Property Details for 1201 Savoy Plaza Ln

    Property type
    Commercial real estate
    APN
    32025366011
    APU
    32025366011

    Description

    Savoy Plaza, located at 1201 Savoy Plaza in Savoy, Illinois (zip code 61874), offers exceptional retail leasing opportunities in Champaign County. This multi-tenant commercial property boasts a total of 140,624 square feet, with a significant amount of space currently vacant at 19,034 square feet. The property is ideal for businesses seeking flexible space options, with minimum divisible units of 1,600 square feet and the potential for larger contiguous spaces up to 17,434 square feet. This presents a unique chance for both smaller startups and established businesses to find a suitable location within a well-established commercial center. The property's prime location in Savoy, Illinois offers excellent visibility and accessibility, making it an attractive option for businesses looking to establish a strong presence in the area. The property is classified as retail commercial space and is ready for immediate occupancy. Interested parties are encouraged to inquire about available space and lease terms. The property's latitude and longitude coordinates are 40.0703518 and -88.2518982 respectively.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Savoy
    County
    Champaign
    State
    Illinois
    Longitude
    -88.2515
    Latitude
    40.0706
    CBSA code
    16580
    CBSA name
    CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $321,148
    $918,900
    $3,122,530
    $4,041,430
    -
    $2,756,700
    $9,367,590
    $12,124,290

    Comparable in this City

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      2 Clarendon Ct

      Land
      2 Clarendon Ct, Savoy, IL 61874
      View Details

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    Similar Nearby for Lease

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    1201 Savoy Plaza Ln
    Savoy, IL 61874
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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