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Property profile

2302 Fox Dr Champaign, IL 61820

OFF-MARKET
Office Spaces
Property ID
US28-1298983
Entity Owned 18-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional office property, located at 2302 Fox Drive in Champaign, Illinois, offers a variety of flexible spaces ideal for businesses of all sizes. The single-story, 20,000-square-foot Class B building, constructed in 1977, boasts 107 parking spaces and is situated in the thriving Corporate Center. Multiple suites are available, ranging from 2,518 to 9,450 contiguous square feet, with a total of 11,968 square feet currently vacant. Suite A (9,450 sq ft) features eight private offices, a conference room, ample open areas, a kitchen, reception area, and restrooms. Suite C (2,518 sq ft) offers one private office, a conference room, an open workspace, a kitchenette, and restrooms. Suite B & D (6,966 sq ft) comprises two large open areas, three private offices, a conference room, a kitchen/breakroom, and restrooms. The property is zoned for commercial office use (APN: 45-20-24-378-005) and enjoys a highly desirable location in south Champaign, offering easy access to the University of Illinois, Research Park, and the Carriage Center Shopping area (21,000 vehicles per day). The surrounding area includes numerous restaurants and retail amenities, and the Corporate Center is home to major employers such as Jimmy John's and Amdocs. This is a fantastic opportunity to establish your business in a vibrant and convenient location.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
APN 452024378005
UPID US28-1298983

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • High School Vocational School
  • Corporate Office
  • Theater & Performing Art Venue

Location

2302 Fox Dr Champaign, IL 61820-2000
Champaign metro Census 1301 CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2007
3 recorded transactions
2020
Price N/A
2007
$42.0M
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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