420 Staley Rd, Champaign, IL 61822-3579
This exceptional 1,922 square foot commercial condo at 420 S Staley Road, Champaign, IL, presents a unique investment opportunity. The property boasts a versatile layout ideal for a variety of businesses. A spacious warehouse area, totaling a significant portion of the building, features a 12-foot overhead door, 14-foot ceilings, and a hanging heater for efficient climate control. Directly connected to the warehouse are multiple climate-controlled office spaces, complete with tile flooring, a forced air furnace, and central air conditioning. These offices are complemented by a convenient reception area and a full bathroom. Adding to the property's functionality is an additional 763 square feet of overhead storage above the office space, providing ample room for inventory or archives. The property is zoned CI for Commercial/Light Industrial use, making it suitable for a wide range of businesses. The condo association provides convenient open parking in a shared lot. Priced at $225,000, this property offers a compelling combination of space, functionality, and location, making it an attractive option for both owner-operators and investors seeking a strong rental income stream. The property's features and zoning make it a highly desirable asset in the Champaign commercial real estate market.
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.