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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Retail space
601 Neil St Champaign, IL 61820-3606
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US28-1015029
Property summary
AI-generated overview
This exceptional 0.4-acre commercial land parcel, located at 601 N. Neil Street in Champaign, Illinois (APN: 422012265016), presents a compelling investment opportunity. Currently featuring a 2,367 square foot building, the property boasts ample parking and is ideally situated just minutes from Interstate 74, the vibrant downtown Champaign area, and the University of Illinois campus. Its strategic location allows for easy access to a large residential population and the significant daily influx of visitors to the area. The property's proximity to major thoroughfares and key destinations makes it highly attractive for a variety of commercial uses. While the existing building is present, the significant lot size offers considerable development potential. Interested parties are encouraged to inquire about any existing site restrictions. The asking price for this prime commercial land is $400,000. This is a rare chance to acquire a well-positioned property with significant upside in a thriving Illinois market.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
APN
422012265016
UPID
US28-1015029
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
Current use
Occupant on record · Public records
-
Circle K Grocery & Convenience Store
-
Cardtronics ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$750k
Owner & transaction history
Macs Convenience Stores LLC · 5 yrs held
Macs Convenience Stores LLC
since 2021
Last sale
$749,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Champaign submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Champaign submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$720,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $749k (Jan 15 2021)
Last sale anchor
$749k
Jan 15 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$10,590
Tax year 2023
Assessed value
$117,430
Assessed 2023
Previous assessed
$108,330
+8.4% YoY
Effective rate
9.02%
On assessed value
Assessed land
$53,710
Assessed improvement
$63,720
Land market value
$161,130
Improvement market value
$191,160
Total market value
$352,290
Applied tax rate
4,255.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Heating
NONE
APN
422012265016
UPID
US28-1015029
Jurisdiction
CHAMPAIGN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Current owner
From public records · entity-resolved
Macs Convenience Stores LLC
Entity
Mailing address
PO BOX 347, COLUMBUS, IN 47202-0347
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2021
$749,000
Macs Convenience Stores LLC
Koushtard Property IV LLC
Special Warranty Deed
$8,586,966 · Kooshtard Property LLC
Aug 16, 2001
$12,500
Coutar Remainder IV LLC
Johnson Oil Co INC
Grant Deed
—
Aug 16, 2001
$850,000
Kooshtard Property IV LLC
Johnson Oil Co INC
Grant Deed
$849,000 · Ffca Funding Corp
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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