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    OFF-MARKET
    Auto shops

    713 Market St, Champaign, IL 61820-3004

    0.83 ac lot
    Individually Owned 5-yr Hold Free & Clear
    Property ID
    US28-1403051
    Property summary
    AI-generated overview

    This exceptional 1.3-acre industrial property at 713 N Market Street in Champaign, IL, presents a unique investment opportunity. The site boasts three buildings totaling 19,300 square feet, offering a blend of historical charm and modern functionality. The newest structure, built in 2000, comprises 9,600 square feet and features a pole-frame design with four 14-foot overhead doors, an 8-inch thick floor, 800-amp electrical service, a small office, multiple bathrooms, central air conditioning, and natural gas space wall heaters. The older structures, dating back to 1881 with additions in 1990 and 1993, encompass 9,700 square feet, including a 5,158 square foot second floor in the original brick building. This section features original hardwood floors and windows, a small office, two bathrooms, and is conditioned with plumbing for an air compressor system. The older buildings have a 6-inch thick floor. The property benefits from its location within the Champaign Enterprise Zone, surrounded by similar industrial and construction businesses, and enjoys excellent visibility along Market Street on the north side of downtown Champaign. This versatile property is ideal for a variety of industrial or commercial uses, offering significant potential for redevelopment or continued operation. The asking price is $1,200,000.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Lot 0.83 ac (36,155 SF)
    APN 422012289007
    UPID US28-1403051
    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
    • Silver Machine Shop Industrial Manufacturer
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    John T Silver · 5 yrs held
    John T Silver
    since 2021
    1 recorded transaction
    2021
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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