Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2110 Market St Champaign, IL 61822-1329
    Back to Search
    Property profile & analytics

    2110 Market St, Champaign, IL 61822-1329

    View on Map
    • Office Spaces
    Off-Market
    Last Sale Sep 26, 2024
    $320,000
    Property ID
    US28-2521962
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • 《CLUB 24》 / Pharmacy / (Bike/Boat/Book/etc) Store
    • Aflac Insurance Agent: Tara Jordan / Insurance Agency
    • Karl Lawrence G OD / Physician
    • Mr. Rooter Plumbing of Champaign / Plumbing Service / General Contractor
    • Akosa Academy / Training Center / Sports School

    Property Details for 2110 Market St

    Property type
    Office Spaces
    APN
    462106100015
    APU
    462106100015

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 26, 2024 — Jade Hill Properties LLC Brandon Lehman Quit Claim Deed · related —
    Jun 10, 2024 $320,000 Brandon Lehman Pingan Property INC Warranty Deed $66k · Ping Qian Chen Etal
    Feb 17, 2017 — Pingan Property INC Karl Family Trust Grant Deed · related —
    Mar 22, 2005 — Karl Family Trust — Trustees Deed · related $200k · Main Street Bank & Trust

    Description

    This exceptional 970-square-foot office suite is ready for immediate occupancy in a desirable Champaign location. Situated in a Class B, single-story building with 7 total suites, this space offers a blend of traditional and creative office design, perfect for a variety of businesses. The suite features two private offices and an open-plan conference/flex workspace, providing flexibility for different work styles. The building boasts ample parking with 30 spaces available for tenants and visitors. Its convenient location on Market Street, near the intersection with Eisner, offers easy access to the vibrant Market Place Mall and numerous national retailers and restaurants. The property's strategic position also benefits from its proximity to the Apollo Industrial Park, a major employment center in the area. The building is zoned for Commercial Industrial use and is part of a thriving commercial corridor connecting to Olympian Avenue to the north and Downtown Champaign to the south. This is a rare opportunity to secure a well-appointed office space in a prime location with immediate availability. Minimum divisible space is 970 square feet, and the maximum contiguous space available is also 970 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Champaign
    County
    Champaign
    State
    Illinois
    Longitude
    -88.2383
    Latitude
    40.1392
    CBSA code
    16580
    CBSA name
    CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,644
    $49,210
    $56,150
    $105,360
    -
    $147,630
    $168,450
    $316,080

    Comparable in this City

    • Value Estimation by Request

      3003 Vlg Ofc Pl

      OFFICE (GENERAL)
      3003 Vlg Ofc Pl, Champaign, IL 61822-7674
      View Details
    • Value Estimation by Request

      2917 Xing Ct

      OFFICE (GENERAL)
      2917 Xing Ct, Champaign, IL 61822-6184
      View Details
    • Value Estimation by Request

      2902 Xing Ct Ste B

      OFFICE (GENERAL)
      2902 Xing Ct Ste B, Champaign, IL 61822-6176
      View Details
    • Value Estimation by Request

      3112 Vlg Ofc Pl

      OFFICE (GENERAL)
      3112 Vlg Ofc Pl, Champaign, IL 61822-7680
      View Details
    • Value Estimation by Request

      432 Staley Rd

      OFFICE (GENERAL)
      432 Staley Rd, Champaign, IL 61822
      View Details
    • Value Estimation by Request

      424 Staley Rd

      OFFICE (GENERAL)
      424 Staley Rd, Champaign, IL 61822-3579
      View Details

    Similar Nearby for Sale

    • $2,225,000

      Modern Industrial Facility in Champaign

      Well-maintained industrial facility with office and warehouse space for sale.
      1411 Interstate Dr, Champaign, IL 61822
      View Details
    • $949,900
      5.00 Acres

      Versatile Commercial Property in Champaign

      Warehouse, office, acreage, and single-family rental near I-57.
      1069 County Road 900, Champaign, IL 61822
      View Details
    • Contact for pricing
      5,800 SF

      Prime Commercial Property with Restaurant

      Two-acre commercial property with restaurant and vacant land.
      608 W Town Center Blvd, Champaign, IL 61822
      View Details
    • Contact for pricing

      Champaign Commercial Land For Sale

      Development-ready commercial land in southwest Champaign, Illinois.
      2409 Fields South Dr, Champaign, IL 61822
      View Details
    • $225,000
      2.08 Acres

      Champaign Land For Sale

      2.31-acre lot in Interstate Research Park, northwest Champaign.
      1504 Newton Dr, Champaign, IL 61822
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      9,020 SF

      Prime Retail Center - Town Center Blvd

      New Construction, 9,020 SF, Two Drive-Thrus
      409 Town Center Blvd, Champaign, IL 61822
      View Details
    • Contact for pricing

      Industrial Space Near Interstates

      Industrial space with office, warehouse, and convenient interstate access.
      2309 W Bloomington Rd, Champaign, IL 61822
      View Details
    • Contact for pricing
      66,254 SF

      High-Tech Manufacturing, Office, and Lab

      State-of-the-art manufacturing, office, lab, and data center building for sublease.
      1604-1612 Rion Dr, Champaign, IL 61822
      View Details
    • Contact for pricing

      High-Tech Manufacturing, Office, Lab, Data

      Sublease opportunity: 66,254 SF high-tech manufacturing, office, lab, data.
      1604 Rion Dr, Champaign, IL 61822
      View Details
    • Contact for pricing
      5,920 SF

      Office & Warehouse Rental Property

      Office and warehouse spaces available for lease in Champaign, IL.
      510 S Staley Rd, Champaign, IL 61822
      View Details
    • Contact for pricing
      1,924 SF

      Class A Office Space

      Class A office space for lease in Champaign, Illinois.
      2918 Crossing Ct, Champaign, IL 61822
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2110 Market St
    Champaign, IL 61822-1329
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2110 Market St, Champaign, IL, 61822
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!