2206 W Springfield Ave Champaign, IL 61821
For Lease
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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.
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Parcel Plus Business Related
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.