208 W Curtis Rd Savoy, IL 61874

Property Details for 208 W Curtis Rd

Property type

Commercial real estate

APN

32025300007

APU

32025300007

Description

This exceptional 2.5-acre commercial property in Savoy, Illinois, presents a unique investment opportunity. The property features a 28,000-square-foot main building constructed in 1980, complemented by two smaller outbuildings. Currently housing a profitable, established skating rink business operating for over 40 years, the property offers a versatile range of options for future use. The main building encompasses a roller skating rink, laser tag area, snack bar with kitchen, private party rooms, an arcade with approximately 15 machines, a gift shop, and office space. The kitchen is equipped with a small exhaust hood system, walk-in cooler, and pizza oven. The building boasts approximately 14-foot ceilings. The property is zoned for commercial use and sits on a fee-simple lot. The asking price is $1,900,000, with a net operating income (NOI) of $70,000 and a price per square foot of $67.86. Its prime location, just half a block from Route 45/Dunlap Road, provides excellent visibility and accessibility. The property is adjacent to a major retail center anchored by well-known businesses, ensuring high traffic volume. Route 45 offers easy access to the Champaign-Urbana metropolitan area, a region experiencing significant population growth, including a large student population from the nearby University of Illinois. This property offers the potential to continue the existing business or undertake redevelopment, capitalizing on its strategic location and the area's growth potential. The property's location boasts high daily traffic counts on Curtis Road (10,150 vehicles) and Route 45 (17,600 vehicles). The property's APN is 032025300007.

Location Insight

City

Savoy

County

Champaign

State

Illinois

Longitude

-88.2532

Latitude

40.0696

CBSA code

16580

CBSA name

CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments