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    OFF-MARKET
    Commercial real estate

    1201 Savoy Plz Ln, Savoy, IL 61874-9456

    Entity Owned 12-yr Hold Free & Clear
    Property ID
    US28-3179057
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    APN 32025366011
    UPID US28-3179057
    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
    • Savoy Plaza Business Service Center Corporate Office
    • Goodwill Discount Store
    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
    Savoy Station LLC · 12 yrs held
    Savoy Station LLC
    since 2014
    1 recorded transaction
    2014
    $2.8M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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