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    FOR SALE
    Car washes

    1101 N Prospect Ave, Champaign, IL 61820

    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US28-1465766
    Property summary
    AI-generated overview

    This exceptional 0.44-acre commercial land parcel, located at 1101 N. Prospect Ave. in Champaign, Illinois (APN 412011230020), presents a compelling investment opportunity. Priced at $500,000, the property boasts a prime location just minutes from Interstate 74, offering unparalleled accessibility and visibility. The site currently features a 3,014 square foot building and an additional structure, previously used as a car wash. Ample parking is available, enhancing the property's appeal for a variety of commercial uses. The corner location at Prospect and Bradley Avenues ensures high traffic exposure. While the property offers significant potential, prospective buyers are encouraged to inquire about any existing site restrictions. This is an ideal opportunity to capitalize on the strong commercial activity in this thriving Champaign, Illinois location. The property's size and strategic positioning make it suitable for a range of commercial developments. Serious inquiries are welcome.

    Property profile
    Verified
    Property type Car washes
    Use group CAR WASH
    APN 412011230020
    UPID US28-1465766
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Cardtronics ATM Atm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $750k
    Owner & transaction history
    Macs Convenience Stores LLC · 5 yrs held
    Macs Convenience Stores LLC
    since 2021
    Last sale
    $749,000
    3 recorded transactions
    2021
    $749,000
    2001
    $1.2M
    2001
    $25,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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