Property summary
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
VerifiedCap rate & NOI
Current use
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Restaurant
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Restaurant Take-out & Catering
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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