Technical
Financial
Distress signals
Property profile

703 Prospect Ave Champaign, IL 61820

OFF-MARKET
Other investment properties
Property ID
US28-0504794
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

The property is an approximately 1,396-square-foot mixed-use tavern building with an apartment upstairs, located in the city’s oldest neighborhood. It has featured modern amenity updates including Illinois State Poker Machines, a replaced HVAC system, new walk-in condenser and compressor equipment, and installed new windows, while retaining original character elements. The upper apartment has been renovated and can function as staff housing or a live-in manager residence. The property is zoned COMMR, supporting use as a bar or restaurant and also suitable for retail and live-work configurations.

Property profile

Verified
Property type Other investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
APN 412011282011
UPID US28-0504794

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bar & Pub

Location

703 Prospect Ave Champaign, IL 61820-2812
Champaign metro Census 1000 CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2025
Last sale
$252,500
7 recorded transactions
2025
$252,500
2025
Price N/A
2025
Price N/A
2022
Price N/A
2021
Price N/A
2021
Price N/A
2018
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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