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    Property profile & analytics
    OFF-MARKET
    Office Spaces

    2001 1st St, Champaign, IL 61820-7461

    Entity Owned 6-yr Hold Free & Clear
    Property ID
    US28-1371746
    Property summary
    AI-generated overview

    This exceptional Class A office building, located at 2001 S. First St, Champaign, IL 61820, offers a diverse range of spaces ideal for businesses of all sizes. Situated within the prestigious University of Illinois Research Park, this two-story building boasts 61,856 square feet of total space, with 12,400 square feet currently available. The property features three suites, offering flexible options ranging from a minimum of 1,500 square feet to a maximum contiguous space of 15,000 square feet. Built in 2000 and extensively renovated in 2021, the building provides modern amenities including 12-foot ceilings, ample natural light, and elevators. With 177 parking spaces available, convenient access is ensured. The property sits on a 3.372-acre lot, offering significant potential for future expansion or outdoor amenities. Its strategic location in the University of Illinois Research Park provides unparalleled access to a thriving research and development community, attracting a highly skilled workforce. The property's multiple tenancy options cater to a variety of business needs, from executive offices to coworking spaces and traditional office layouts. This is a rare opportunity to secure prime office space in a highly sought-after location. Contact us today to schedule a viewing and explore the possibilities.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    APN 452024426002
    UPID US28-1371746
    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
    • Cline Center for Advanced Social Research Charitable Organization Social Service Agency
    • Luebchow Kevin H Law Firm
    • Singleton Alan R Atty Law Firm
    • Vitas-M Laboratory Laboratory
    • Singleton Law Firm Pc Law Firm
    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
    Arvum Partners LLC · 6 yrs held
    Arvum Partners LLC
    since 2019
    6 recorded transactions
    2019
    2019
    2018
    $15.8M
    2017
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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