3108 Duncan Rd, Champaign, IL 61822
This exceptional 4.42-acre parcel presents a rare development opportunity in southwest Champaign, Illinois. Situated on South Duncan Road, this property is one of the last undeveloped tracts along this desirable corridor, north of Curtis Road. Currently zoned AG-2, the land offers significant potential, given the adjacent properties' Single Family 1 and Multi Family 1 zoning in the nearby Cherry Hills subdivision. The property includes an existing single-family rental home, providing immediate income generation while development plans are underway. Utilities, including gas, electric, and water, are readily available on-site. While currently utilizing a septic system, sanitary sewer access is conveniently located along Duncan Road. The location boasts excellent accessibility, approximately half a mile from Curtis Road, a major arterial connecting to Interstate 57 and Neil Street. This strategic position places the property within two miles of Carle at the Fields and the Village at the Crossing, enhancing its appeal. High traffic counts are a significant advantage, with an average of 8,600 vehicles daily at the Curtis Road/Duncan Road intersection and 4,700 vehicles passing directly in front of the property. The asking price is $770,140, and the property is offered fee simple. The existing rental lease expires July 29, 2025. The APN is 03-20-27-300-013.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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