Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    505 Devonshire Dr Champaign, IL 61820-7323

    • Office buildings
    OFF-MARKET
    Value Estimation
    Last Sale
    Oct 19, 2021
    Location Intelligence
    Property ID
    US28-1767429
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hays Jane / Insurance Agency

    Property Details for 505 Devonshire Dr

    Property type
    Office buildings
    APN
    452024327001
    APU
    452024327001

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Champaign
    County
    Champaign
    State
    Illinois
    Longitude
    -88.2509
    Latitude
    40.0894
    CBSA code
    16580
    CBSA name
    CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $24,730
    $73,420
    $200,810
    $274,230
    -
    $220,260
    $602,430
    $822,690

    Comparable in this City

    • Value Estimation by Request

      100 Trade Ctr Dr

      OFFICE BUILDING (MULTI-STORY)
      100 Trade Ctr Dr, Champaign, IL 61820-7237
      View Details
    • Value Estimation by Request

      30 Main St

      OFFICE BUILDING
      30 Main St, Champaign, IL 61820-3629
      View Details
    • Value Estimation by Request

      2100 Oak St

      OFFICE BUILDING (MULTI-STORY)
      2100 Oak St, Champaign, IL 61820-0909
      View Details
    • Value Estimation by Request

      100 Chestnut St

      OFFICE BUILDING (MULTI-STORY)
      100 Chestnut St, Champaign, IL 61820-4856
      View Details
    • Value Estimation
      $295,000

      1410 Neil St

      OFFICE BUILDING (MULTI-STORY)
      1410 Neil St, Champaign, IL 61820-2231
      View Details
    • Value Estimation by Request

      100 University Ave

      OFFICE BUILDING (MULTI-STORY)
      100 University Ave, Champaign, IL 61820-3910
      View Details

    Similar Nearby for Sale

    • $3,000,000
      13,050 SF

      Versatile Multi-Tenant Building in Champaign

      3,600 SF multi-tenant building with diverse tenant mix.
      505 E University Ave, Champaign, IL 61820
      View Details
    • $3,000,000
      3 SF

      Versatile Multi-Tenant Building For Sale

      3,600 SF multi-tenant building with diverse tenant mix.
      505-507 E University Ave, Champaign, IL 61820
      View Details
    • $3,496,000
      15,486 SF

      Champaign Medical Office Investment

      Corporate-guaranteed medical office, strong NOI.
      312 Kirby Ave, Champaign, IL 61820
      View Details
    • $3,850,000
      22,052 SF

      Historic Downtown Champaign Mixed-Use Building

      Historic mixed-use building in downtown Champaign with retail, office, residential.
      41 E University Ave, Champaign, IL 61820
      View Details
    • Contact for pricing
      0.59 Acres

      Champaign Gateway: Prime Development Land

      University Ave. Mixed-Use Opportunity
      0 Clark St, Champaign, IL 61820
      View Details
    • $5,950,000
      3.31 Acres

      Champaign Development Land - 3.3 Acres

      Prime Champaign location, flexible zoning, development potential.
      234 Neil St, Champaign, IL 61820
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      25,000 SF

      Remodeled Office Building with Visibility

      25,000 SF office building with subdividable space for rent.
      1906 Fox Dr, Champaign, IL 61820
      View Details
    • $605 /Mo
      280 SF

      Colony Square Business Technology Center (Btc)

      Colony Square Business Technology Center (Btc)
      701 Devonshire Dr Building C, Champaign, IL 61820
      View Details
    • Contact for pricing
      5,635 SF

      Class A Office Building

      Corporate office building with private offices, conference rooms, and parking.
      2215 Fox Dr, Champaign, IL 61820
      View Details
    • $10 SF/Yr
      17,424 SF

      Champaign Office/Retail Space Available

      Centrally located office/retail space with private entrance and parking.
      502 W Clark St, Champaign, IL 61820
      View Details
    • $16 SF/Yr
      47,080 SF

      Downtown Champaign Office Space

      47,090 sq ft, Two Floors, City Views
      1 Main St, Champaign, IL 61820
      View Details
    • $14 SF/Yr
      4,655 SF

      Downtown Champaign Office Space

      4,655 SF, Newly Renovated, Customizable
      205 Neil St, Champaign, IL 61820
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    505 Devonshire Dr
    Champaign, IL 61820-7323
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.