401 W Town Center Blvd, Champaign, IL 61822
For Sale
This exceptional 0.78-acre commercial land parcel, located at 401 W Town Center Blvd in Champaign, Illinois (61822), presents a remarkable investment opportunity. Built in 2022, this 33,919 square foot site boasts a prime location just west of the new Costco, surrounded by major retailers including Menards, Target, Macy's, Dick's Sporting Goods, Sam's Club, Meijer, Aldi, Walmart Supercenter, Ashley Furniture, Kohl's, PetSmart, and Hobby Lobby. The property features 68 parking spaces and is zoned 41-20-01-126-048. With high daily traffic counts on W. Town Center Blvd (8,500 CPD), N. Neil St (10,000 CPD), and N. Prospect Ave (15,000 CPD), this pad site offers unparalleled visibility and accessibility. The potential for development mirrors the successful four inline spaces with shared parking seen at 409 W. Town Center Blvd, presenting a strong foundation for a variety of commercial ventures. The property's APN is 41-20-01-126-048. This is a rare chance to acquire a new construction pad in a thriving retail corridor.
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.