Financial
Distress signals
Property profile

1706 S State St Champaign, IL 61820

FOR LEASE
Turn key restaurants
Property ID
US28-0507258
Last sale Sep 2016
Entity Owned Owner of record is a legal entity (LLC / corporation). 16-yr Hold Held for 16 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This property is planned for conversion into multiple retail suites, with proposed unit sizes ranging from approximately 1,600 to 1,800 square feet each. The renovation scope includes a new building facade with new storefronts and fresh exterior finishes, and each suite is intended to be delivered as a basic interior shell (“vanilla box”) with plumbing rough-in for a restroom and a 200-amp electrical service. The build-out further provides a new storefront, HVAC sized for typical office/retail

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$23k
Tax billed · 2023
Assessed value$260k
Assessed land$29k
Assessed improvement$231k
Effective rate9.02%

Value estimate

· Sep 2026
$350k
$315k – $385k
NOI build-up
Gross scheduled income$21k
Vacancy & credit loss−$2k
Operating expenses−$6k
NOI · 68,480.00% cap applied$14k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
68,480.00%
$14k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCHAMPAIGN

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply19.9
Auto Repair Shop18.6
Auto Parts Store18.6

Location

1706 S State St Champaign, IL 61820
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2037 Neil, Champaign, IL 61820-7219 $2,000,000 Sep 2025 N/A
105 John, Champaign, IL 61820-5215 $3,625,000 May 2025 N/A
301 Grn, Champaign, IL 61820-5608 $300,000 Mar 2025 N/A
2033 Neil, Champaign, IL 61820-7219 $1,950,000 Jan 2025 N/A
111 Walnut, Champaign, IL 61820 $4,750,000 Dec 2024 N/A
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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