Technical
Financial
Distress signals
Property profile

2001 1st St Champaign, IL 61820

OFF-MARKET
Office Spaces
Property ID
US28-1371746
Entity Owned 6-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Charitable Organization Social Service Agency
  • Law Firm
  • Law Firm
  • Laboratory
  • Law Firm

Location

2001 1st St Champaign, IL 61820-7461
Champaign metro Census 1400 CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history

since 2019
6 recorded transactions
2019
Price N/A
2019
Price N/A
2018
$15.8M
2017
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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