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Property profile & analytics
FOR SALE
Commercial land

812 W Interstate Dr Champaign, IL 61822

Property ID
US28-3230679
812 W Interstate Dr, Champaign, IL 61822 For Sale
$695,000
812 W Interstate Dr, Champaign, IL 61822
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Property summary
AI-generated overview

This 1.25 acre site is ready to be developed with all utilities to the site. It provides the developer with 343 ft. of frontage along the N Prospect retail corridor and 139 ft. of frontage on Interstate Dr. LOCATION DESCRIPTION Subject property is ideally positioned on the northeast corner of N. Prospect Avenue and Interstate Drive and provides easy access to Interstate 57 and Interstate 74. All Walmart outlots along N. Prospect have been developed so this site is the next logical place to develop and continue the growth of the N. Prospect retail corridor. There is an abundance of major retailers within walking distance such as Walmart, Aldi, Menards, Starbucks, Chick-Fil-A, Meijer, AMC Theatres, Best Buy, Target, Lowe’s and Portillo’s. Additionally, there is a multitude of housing complexes within walking distance such as Watersedge Apartments, Ashland Park, Villas at Ashland Farm, Baytowne Apartments, Nantucket Cove Apartments, Town Center Apartments, Carlsbrook Apartments and Hunters Pond. Traffic Counts: N Prospect Ave – 11,800 – 28,200AADT Interstate Dr. – 5,300 AADT

Property profile
Verified
Property type Commercial land
UPID US28-3230679
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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