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Property profile & analytics
FOR LEASE
Commercial real estate

205 Main St Seymour, IL 61875-9747

Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US28-2215069
Property summary
AI-generated overview

This 8,438-square-foot single-tenant property presents a unique opportunity in Champaign County, just six miles from Champaign city limits. Located within a well-maintained building featuring a new roof, this Class B space offers exceptional flexibility. The adaptable layout allows for various configurations, accommodating large private offices, open workspaces, small assembly areas, and/or storage/warehouse needs. High ceilings and large windows contribute to a bright and spacious environment. Internal amenities include a convenient conference room, kitchenette, and dual restrooms. The property also benefits from a sizable side yard, ideal for employee breaks or outdoor activities. The building's historic character blends seamlessly with modern functionality, making it an attractive option for businesses seeking a versatile and adaptable workspace. The property is classified as Office, Industrial, with subtypes including Flex, Traditional Office, Manufacturing, Warehouse, and Executive Office. This presents a rare combination of uses within a single location.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 231917428009
UPID US28-2215069
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
  • First Light USA LLC Industrial Manufacturer
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
Kelp Holdings LLC · 2 yrs held
Kelp Holdings LLC
since 2023
Last sale
$291,500
7 recorded transactions
2024
Price N/A
2023
$291,500
2023
Price N/A
2019
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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