713 Market St, Champaign, IL 61820-3004
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.
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Silver Machine Shop Industrial Manufacturer
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
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