Property profile

2312 Springfield Ave Champaign, IL 61821

OFF-MARKET
Turn key restaurants
Property ID
US28-0765151
0.5 ac lot
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 3,075-square-foot mixed-use property in Champaign, Illinois, presents a compelling investment opportunity. Located at 2312 W Springfield Avenue, this property sits on a half-acre lot and boasts ample parking for 55+ vehicles. Previously operating as a successful restaurant, this turnkey operation offers immediate income potential and is adaptable to a variety of business ventures. Its strategic location, just two blocks west of a newly established Starbucks, ensures high visibility and significant foot traffic in a desirable area. The property benefits from its proximity to a thriving business district, attracting a steady stream of potential customers. Furthermore, the property is eligible for various state and local small business support programs, offering additional incentives for prospective buyers. The building is being sold AS-IS. This property is ideal for entrepreneurs seeking a ready-to-go business or investors looking for a strong return on investment in a high-growth area. The combination of a prime location, existing infrastructure, and potential for future expansion makes this a truly unique opportunity. The asking price is $425,000, and seller financing is available for qualified buyers.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Lot 0.5 ac (21,780 SF)
APN 412010451009
UPID US28-0765151

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
  • Restaurant
  • Restaurant Take-out & Catering

Location

2312 Springfield Ave Champaign, IL 61821-2910
Champaign metro Census 1000 CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2026
1 recorded transaction
2026
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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