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Property profile & analytics
FOR LEASE
Office Spaces

2206 W Springfield Ave Champaign, IL 61821

Individually Owned 2-yr Hold ~ Est. High Equity
Property ID
US28-5039918
Property summary
AI-generated overview

This 3,854-square-foot retail building, constructed in 1973, is located at 2206 W. Springfield Ave., Champaign, IL 61821 (APN: 41-20-10-451-014). The property is zoned CG - Commercial General and features primarily open retail space, supplemented by a couple of back rooms and a single restroom. The building boasts 1200 amps of 3-phase power. Potential buyers should note that a cross-access parking agreement with the adjacent property at 2208 W. Springfield Ave. (a car wash) may be necessary, depending on the intended use. This retail space is situated on a high-traffic arterial road (Springfield Avenue), experiencing 16,200 vehicles per day. The surrounding area is a blend of retail, office, and multi-family properties, with nearby national retailers including Burger King, Taco Bell, Papa Johns, Dunkin' Donuts, and Circle K, as well as regional banks like Busey and Heartland Bank & Trust. The property is also available for purchase in conjunction with the neighboring car wash. This presents a unique opportunity for a business seeking high visibility and convenient access in a well-established commercial area of Champaign, Illinois.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
APN 412010451014
UPID US28-5039918
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
  • UPS Authorized Shipping Outlet Courier Service Postal Service
  • CU Pack N Ship Postal Service Courier Service
  • Parcel Plus Business Related
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$595k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$595k
Owner & transaction history
David O Ekstedt · 2 yrs held
David O Ekstedt
since 2024
Last sale
$596,400
4 recorded transactions
2024
$596,500
2023
$568,000
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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