Property profile

723 S Neil St Champaign, IL 61820

FOR LEASE
Commercial real estate
Property ID
US28-5807281
Entity Owned 18-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,884 square foot retail or office space is situated in the vibrant Whiteline Market building at 723 S Neil St, Champaign, IL 61820. Located in Champaign County, this suite (Suite 102) benefits from a prime location along Route 45, offering excellent visibility and accessibility. Previously occupied by a mortgage lender, the space features five individual offices, open areas ideal for collaborative work, and convenient access to shared restrooms. The flexible layout allows for customization, with the potential to open up the offices to create larger work areas to suit diverse business needs. The building itself is a 25,000 square foot mixed-use property, combining retail, restaurant, and office spaces on the ground floor with residential apartments above. The property is zoned CG - Commercial General, providing flexibility for a range of commercial uses. Its central Champaign location offers easy access to the University of Illinois campus, situated to the east, ensuring a strong potential customer base. This is a rare opportunity to secure a well-located, adaptable space in a thriving commercial area. The total building size is 25,000 square feet, with multiple tenancies. This specific suite offers a unique blend of private offices and open areas, making it suitable for a variety of businesses. The building's mixed-use nature contributes to a dynamic and active environment.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 432013253016
UPID US28-5807281

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
  • (Bike/Boat/Book/etc) Store
  • Trucking Company
  • Marketing & Advertising Advertising Agency
  • (Bike/Boat/Book/etc) Store Alternative Medicine Practice
  • Training Center Tutoring Service

Location

723 S Neil St Champaign, IL 61820
Champaign metro Census 11002 CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2007
5 recorded transactions
2024
Price N/A
2018
Price N/A
2018
Price N/A
2008
Price N/A
2007
$1.1M

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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