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    Property profile & analytics
    FOR SALE
    Commercial land

    401 W Town Center Blvd, Champaign, IL 61822

    1.66 ac lot
    Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US28-4405150
    401 W Town Center Blvd, Champaign, IL 61822 For Sale
    $750,000
    401 W Town Center Blvd, Champaign, IL 61822
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    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 1.66 ac (72,310 SF)
    APN 412001126048
    UPID US28-4405150
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Haroun Trading LLC · 4 yrs held
    Haroun Trading LLC
    since 2022
    1 recorded transaction
    2022
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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