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Property profile & analytics
FOR LEASE
Strip malls
804 Eastwood Dr, Mahomet, IL 61853
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-0610435
For Lease
1 / 6
$14 SF/Yr
804 Eastwood Dr, Mahomet, IL 61853
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Property summary
AI-generated overview
Eastwood Center, located at 804 Eastwood Dr in Mahomet, IL, offers exceptional retail and office space opportunities in a thriving community. This single-story, Class B building, constructed in 1980 and renovated in 2016, boasts a prime location near the I-74 & IL Rt 47 interchange and downtown Mahomet. The center features a mix of tenants, including CVS and ACE Hardware, and is shadow-anchored by Schnuck's grocery store, ensuring high traffic and visibility. Available spaces include Suite 14, a 1,313 square foot vanilla box ready for tenant improvements, and move-in ready Suites 6 (790 sq ft) and 7 (770 sq ft), which can be combined. The property offers ample parking and excellent signage opportunities, making it an ideal location for businesses seeking high visibility and convenient access. The property is zoned commercial and situated in Champaign County (zip code 61853). Immediate occupancy is available for Suites 6 and 7. This is a multiple-tenancy property within a strip center.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Total area
32,514 SF
Lot
2.81 ac (122,404 SF)
APN
151315251023
UPID
US28-0610435
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
-
Lisa Michelle's Hair Studio Hair Salon
-
Mahomet Animal Hospital Veterinary Clinic
-
Andrew White Dentistry Dental Office
-
The Poke Shack Bar & Pub
-
Mahomet Ace Hardware Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.49M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.49M
Owner & transaction history
804 Eastwood LLC · 4 yrs held
804 Eastwood LLC
since 2021
Last sale
$2.5M
7 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 Mahomet submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mahomet 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
$2,680,000
ML approach
$2,490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$3,460,000
Change: 0% · Conversion: Easy
WAREHOUSE, STORAGE
$2,155,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$2.49M
Range $2.24M – $2.73M · ±10% · vs last sale $2.48M (Oct 18 2021)
Last sale anchor
$2.48M
Oct 18 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
$76 / SF
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
$64,959
Tax year 2023
Assessed value
$820,770
Assessed 2023
Previous assessed
$756,470
+8.5% YoY
Effective rate
7.91%
On assessed value
Assessed land
$88,130
Assessed improvement
$732,640
Land market value
$264,390
Improvement market value
$2,197,920
Total market value
$2,462,310
Applied tax rate
1,551.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Heating
NONE
Total area
32,514 SF
Lot
2.81 ac (122,404 SF)
APN
151315251023
UPID
US28-0610435
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$3.5M
WAREHOUSE, STORAGE
Est. value
$2.2M
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Lot
2.81 ac
Current owner
From public records · entity-resolved
804 Eastwood LLC
Entity
Mailing address
2500 GALEN DR STE #10, CHAMPAIGN, IL 61821-7050
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2024
—
804 Eastwood LLC
—
Deed
related
$250,000 · Bankchampaign NA
Oct 18, 2021
—
804 Eastwood LLC
Conway Farms LLC
Quit Claim Deed
related
$2,376,000 · Bankchampaign NA
Oct 5, 2017
$2,480,000
804 Eastwood LLC
Vk Properties LLC
Warranty Deed
$1,984,000 · First Financial Bank NA
Nov 15, 2013
—
Vk Properties LLC
Vk Properties LLC
Quit Claim Deed
related
—
Oct 7, 2003
$2,100,000
Vk Properties LLC
First Mid Illinois Bk & Tr NA
Grant Deed
$1,680,000 · J P Morgan Chase Bank
Jan 28, 2002
—
First Mid-illinois Bk & Tr Tte
Greatbanc Trust Co Ttee
Grant Deed
related
—
—
—
Central Illinois Bank Ttee
—
Deed Of Trust
related
$725,000 · Gifford State Bank
—
—
First Mid Illinois Bk & Tr NA
—
Deed Of Trust
related
$514,395 · First Mid Illinois Bk & Tr NA
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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