1101 Prospect Ave Champaign, IL 61820
- Car washes
Current Use by Public Records
- Cardtronics ATM / Atm
Property Details for 1101 Prospect Ave
- Property type
- Car washes
- APN
- 412011230020
- APU
- 412011230020
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $810,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $625,000
- 6.5%
- $735,000
- 7%
- $665,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $685,000
- Geo Method
- $585,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $745,000
- Retail
- $740,000
- Mixed-Use
- $545,000
- Hospitality
- $585,000
- Educational
- $720,000
- Residential Income
- $685,000
- Energy
- $595,000
- Income-Based Land
- $545,000
- Food Service
- $680,000
Location Insight
- Map
- Local Demand
- City
- Champaign
- County
- Champaign
- State
- Illinois
- Longitude
- -88.2583
- Latitude
- 40.1266
- CBSA code
- 16580
- CBSA name
- CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA
