100 Church St Savoy, IL 61874
- Commercial real estate
- 0.44 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 100 Church St
- Lot size
- 0.44 lot acres
- Property type
- Commercial real estate
- APN
- 32036380005
- APU
- 32036380005
Description
This exceptional 1.44-acre commercial and industrial land parcel, located at 100 E Church Street in Savoy, Illinois, presents a unique redevelopment opportunity. Situated on a hard corner with excellent visibility, the property benefits from its proximity to a planned Savoy development, easy interstate access, and a nearby regional airport. Over 18,800 vehicles pass this site daily, ensuring high traffic exposure. The property is zoned for light industrial use and offers potential for tax increment financing (TIF). Its location in Savoy, near Route 45, provides convenient access and visibility. The surrounding area features a mix of residential and commercial properties, creating ample opportunities for foot traffic and business exposure. Savoy's strategic location in Champaign County, near the twin cities of Champaign and Urbana, places it within a thriving Big Ten community and growing technology center. The area boasts strong connections to interstates I-57, I-72, and I-74, and is home to the University of Illinois, Parkland College, and two major regional hospitals. Champaign County's robust economy is driven by education, healthcare, government, technology, agriculture, and industry. The property's asking price is $895,000, translating to $690,972 per acre. The APN is 032036380002 & 032036380005. This is a for-sale-by-owner listing.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $260,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $280,000
- 6.5%
- $280,000
- 7%
- $310,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $305,000
- Geo Method
- $360,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $325,000
- Retail
- $255,000
- Mixed-Use
- $300,000
- Hospitality
- $340,000
- Educational
- $305,000
- Residential Income
- $295,000
- Energy
- $245,000
- Income-Based Land
- $335,000
- Food Service
- $275,000
Location Insight
- Map
- Local Demand
- City
- Savoy
- County
- Champaign
- State
- Illinois
- Longitude
- -88.2507
- Latitude
- 40.055
- CBSA code
- 16580
- CBSA name
- CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA