1207 N Mattis Ave, Champaign, IL 61821
- Commercial real estate
Current Use by Public Records
- Bret Kroencke - COUNTRY Financial Representative / Insurance Agency
- Peggy L. Baker, CADC / Family Counselor
- Cullop Kathi / Family Counselor
- Accent Counseling / Counselor
- Huey's Home Medical an adapt Health Company / Medical Supply Store
Property Details for 1207 N Mattis Ave
- Construction
- WOOD
- Property type
- Commercial real estate
- APN
- 412003477003
- APU
- 412003477003
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 26, 2016 | — | Restoration Urban Ministries I | Jpbm LLC | Warranty Deed | — |
| Jun 5, 2012 | — | Jpbm LLC 1207 N Mattis Champ | Jpbm Ents | Quit Claim Deed · related | — |
Description
This single-story, 11,975 square foot medical office building, located at 1207 S Mattis Ave in Champaign, IL 61821, is available for sale or lease. Built in 1956 with renovations in 1986, 2001, and 2005, including a new roof in 2021, the property features five units and currently houses four tenants, boasting an 80% occupancy rate. The building sits on a 40,354 square foot lot and is zoned CN Commercial Neighborhood. The asking price is $1,250,000, representing a price per square foot of $104.38 and a pro-forma cap rate of 8.56%. The pro-forma NOI is $107,000. The property offers a flexible layout, currently configured to accommodate a variety of professional services, including healthcare and financial businesses. The building's prime location on Mattis Avenue provides high visibility and accessibility, benefiting from approximately 17,000 cars passing daily. Its proximity to the University of Illinois and major retail areas further enhances its appeal. The lease type is NNN (Net Lease) with a multi-tenant occupancy. The property presents a compelling investment opportunity due to its central location, diverse tenant mix, and potential for owner/operator involvement. The space is divisible, with a minimum leasable area of 1,600 square feet. The building includes two kitchens and a large open workspace.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Champaign
- County
- Champaign
- State
- Illinois
- Longitude
- -88.2775
- Latitude
- 40.1284
- CBSA code
- 16580
- CBSA name
- CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA
