2021 1st St Champaign, IL 61820-7484
This exceptional Class A office building, located at 2021 S. First Street in Champaign, Illinois, offers a prime opportunity for businesses seeking modern, efficient workspace. The two-story, 52,724 square foot building boasts upscale interior and exterior finishes, including a striking brick and metal façade. Currently, there are multiple tenancy options available, ranging from 2,800 to 4,111 square feet. Amenities include a shared conference room and coffee station, perfect for fostering collaboration and employee satisfaction. The building also features 162 parking spaces and a single elevator for convenient access to both floors. Built in 2006, this property benefits from its location within the Research Park submarket, offering stunning views of a landscaped pond and walking paths from the south-facing windows. The 3.43 acres of land provide ample space and potential for future expansion. With 1,544 square feet currently vacant, this is an ideal opportunity to secure high-quality office space in a thriving research and development community. The property's strategic location in Champaign, IL (zip code 61820) provides easy access to major transportation routes and local amenities. Don't miss this chance to establish your business in a prestigious and well-appointed setting.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.