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    Property profile & analytics
    FOR LEASE
    Commercial land

    1608 Patton Dr, Mahomet, IL 61853

    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US28-1961199
    Property summary
    AI-generated overview

    Churchill Commons, a new Class A retail center in Mahomet, Illinois, offers exceptional opportunities for businesses seeking high-visibility locations. This 16,874 square foot development comprises three single-story buildings situated on a heavily trafficked Route 150 corridor, boasting over 10,000 vehicles daily. The center is strategically located at the signalized intersection of Churchill and Route 150, near the Prairieview and Interstate 74 interchange, ensuring maximum exposure. With ample on-site parking and outdoor seating areas incorporated into the design, Churchill Commons provides a welcoming environment for customers. Units are available from 1,000 square feet, offering flexibility for various business types. The property is zoned commercial and features drive-thru possibilities. Current tenants include The Rock Counseling Group, Papa John's, UI Credit Union, Vinkat Salon & Spa, and Dunkin'. The center is situated near established businesses such as Verizon Wireless, Edward Jones, and others, creating a synergistic retail environment. Furthermore, its proximity to two new K-2 schools and a planned junior high school enhances its long-term appeal. The $22.00/sf/NNN lease rate includes delivery of the space as a cold shell. This development is located in one of Illinois' fastest-growing communities, presenting a unique investment opportunity with significant growth potential. The property's APN numbers are 151314313003 and 151314313006, located in Champaign County. The address is 1608 Patton Drive, Mahomet, IL 61853.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    APN 151314313006
    UPID US28-1961199
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $610k
    Owner & transaction history
    1001 Churchill Road LLC · 2 yrs held
    1001 Churchill Road LLC
    since 2023
    Last sale
    $608,000
    5 recorded transactions
    2024
    2023
    $608,000
    2021
    $676,000
    2009
    2006
    $587,500
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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