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Property profile & analytics
FOR SALE
Commercial real estate

1910 Moreland Blvd Champaign, IL 61822

Individually Owned 8-yr Hold Free & Clear
Property ID
US28-5335228
Property summary
AI-generated overview

This exceptional commercial property at 1910 Moreland Boulevard in Champaign, IL, presents a unique investment opportunity. Spanning over four acres of prime commercial land, this complex boasts two free-standing buildings totaling 15,200 square feet. The main building, a former highly successful auto dealership, features a 6,200 square foot showroom with an open reception area, private offices, staff cubicles, a lunch/break room, a customer refreshment center, and separate restrooms. High ceilings, abundant natural light, and open windows create a welcoming atmosphere. The second building, a 9,000 square foot auto repair facility, is currently leased for the next five years, generating a stable monthly net income of $10,000. This building includes nine repair bays, an office area, and an auto parts retail space. The property also includes an expansive asphalt-paved parking lot with capacity for over 400 vehicles and a 300-foot frontage. A private lake adds to the property's aesthetic appeal. The property's strategic location within Champaign's business district, near major car dealerships, Market Place Mall, and other retailers, ensures high visibility and accessibility. All existing office furniture and repair shop equipment are included in the sale. The property is available for sale or lease

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 412001126010
UPID US28-5335228
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
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Mowafao Manasra · 8 yrs held
Mowafao Manasra
since 2017
7 recorded transactions
2017
Price N/A
2013
Price N/A
2010
$1.1M
2008
Price N/A
2007
$1.4M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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