Financial
Distress signals
Property profile

505 University Ave Champaign, IL 61820

OFF-MARKET
Retail space
Property ID
US28-2380636
Last sale Jun 2023 · $2,250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property at 505–507 E. University Avenue in Champaign, Illinois consists of a multi-tenant commercial building with a total area of 13,050 square feet, including 3,600 square feet of defined rentable space. It is configured to accommodate multiple tenant spaces and has historically been used by a liquor store, an international fast-food restaurant, and a therapy center. The building is set up with interior areas that can be finished in a basic “vanilla box” condition, supporting

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$10k
Tax billed · 2023
Assessed value$115k
Assessed land$109k
Assessed improvement$6k
Effective rate8.97%

Value estimate

· Sep 2026
$2.25M
$2.02M – $2.47M

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCHAMPAIGN

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store18.8
Storage Facility15.5
Electrical Service14.5

Location

505 University Ave Champaign, IL 61820-3828
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
105 John, Champaign, IL 61820-5215 $3,625,000 May 2025 N/A
301 Grn, Champaign, IL 61820-5608 $300,000 Mar 2025 N/A
60 Grn, Champaign, IL 61820-5364 $4,500,000 Sep 2024 N/A
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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