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Property profile & analytics
FOR SALE
Retail space
117 E University Ave Champaign, IL 61820
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-1872334
For Sale
Contact for pricing
117 E University Ave, Champaign, IL 61820
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
APN
462107351005
UPID
US28-1872334
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
-
Champaign Urbana Theatre Company Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Brian B Knox · 2 yrs held
Brian B Knox
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Champaign submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Champaign submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,986
Tax year 2023
Assessed value
$22,020
Assessed 2023
Previous assessed
$20,310
+8.4% YoY
Effective rate
9.02%
On assessed value
Assessed land
$8,400
Assessed improvement
$13,620
Land market value
$25,200
Improvement market value
$40,860
Total market value
$66,060
Applied tax rate
4,652.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Heating
NONE
APN
462107351005
UPID
US28-1872334
Jurisdiction
CHAMPAIGN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Current owner
From public records · entity-resolved
Brian B Knox
Individual
Mailing address
1305 N MCKINLEY AVE, CHAMPAIGN, IL 61821-2119
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
32 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2024
—
Brian B Knox
—
Deed
related
$244,500 · First Fsb Of Champaign Urbana
May 2, 2023
—
Brian B Knox
—
Deed
related
$50,000 · First Fsb Of Champaign Urbana
Dec 3, 2020
—
Brian B Knox
—
Deed
related
$50,000 · First Fed'l Svgs Bk/champaign-
Nov 5, 2020
—
Brian B Knox
—
Deed
related
$315,000 · First Fsb/champaign-urbana
Oct 6, 2020
—
Brian B Knox
—
Deed
related
$108,094 · First Fsb/champaign-urbana
Jun 25, 2020
—
Brian B Knox
—
Deed Of Trust
related
$200,000 · First Fsb/champaign-urbana
Dec 2, 2019
—
Brian B Knox
—
Trustees Deed
related
$100,000 · First Fsb/champaign-urbana
Nov 4, 2019
—
Brian B Knox
—
Deed
related
$50,000 · First Fed'l Svgs/champaign-urb
Aug 14, 2019
—
Brian B Knox
—
Deed
related
$60,000 · First Fsb/champaign-urbana
Apr 4, 2018
—
Brian B Knox
—
Deed
related
$50,000 · First Fed'l Svgs Bk/champaign-
Jan 17, 2018
—
Brian B Knox
—
Deed
related
$50,000 · First Fsb Of Champaign Urbana
Jan 16, 2018
—
Brian B Knox
—
Deed
related
$338,115 · First Fed'l Svgs Bk
Sep 6, 2017
—
Brian B Knox
—
Deed
related
$150,000 · First Fsb/champaign-urbana
Aug 2, 2017
—
Brian B Knox
—
Deed
related
$315,000 · First Fsb Of Champaign Urbana
Mar 6, 2017
—
Brian B Knox
—
Deed
related
$25,000 · First Fsb/champaign-urbana
May 27, 2016
—
Brian B Knox
—
Trustees Deed
related
$50,000 · First Fsb/champaign-urbana
—
—
Brian B Knox
—
Loan Modification
related
$200,000 · First Fsb/champaign-urbana
—
—
Brian B Knox
—
Loan Modification
related
$338,115 · First Fed'l Svgs Bk
—
—
Brian B Knox
—
Loan Modification
related
$150,000 · First Fsb/champaign-urbana
—
—
Brian B Knox
—
Loan Modification
related
$50,000 · First Fed'l Svgs Bk/champaign-
—
—
Brian B Knox
—
Loan Modification
related
$315,000 · First Fsb/champaign-urbana
—
—
Brian B Knox
—
Loan Modification
related
$442,311 · First Fsb/champaign-urbana
—
—
Brian B Knox
—
Loan Modification
related
$108,094 · First Fsb/champaign-urbana
—
—
Brian B Knox
—
Loan Modification
related
$50,000 · First Fed'l Svgs Bk/champaign-
—
—
Brian B Knox
—
Loan Modification
related
$25,000 · First Fsb/champaign-urbana
—
—
Brian B Knox
—
Loan Modification
related
$50,000 · First Fsb/champaign-urbana
—
—
Brian B Knox
—
Loan Modification
related
$50,000 · First Fsb/champaign-urbana
—
—
Brian B Knox
—
Deed Of Trust
related
$10,000 · First Fsb Champaign-urbana
—
—
Brian B Knox
—
Deed Of Trust
related
$160,000 · First Fsb Champaign-urbana
—
—
Brian B Knox
—
Loan Modification
related
$50,000 · First Fed'l Svgs/champaign-urb
—
—
Brian B Knox
—
Loan Modification
related
$60,000 · First Fsb/champaign-urbana
—
—
Brian B Knox
—
Deed Of Trust
related
$34,000 · First Fsb Champaign-urbana
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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