Country Fair Investment Sale

InvestmentSaleLandRetail 304,910 SF
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229 S Mattis Ave
Champaign, IL 61821
Price: Subject to Offer
Available Space: 304,910 SF
Lot Size (acre): 36.26 AC
Zoning: CG-Commercial General
Tax PIN: 41-20-10-452-004, 41-20-10-476-006, 008, 009, 016, 018, 020, 021, 022
RE: $219,592.72
NOI (2021): $934,396.42
Years Built: 1958 – 2021

Property Description

Coldwell Banker Commercial Devonshire Realty (CBCDR) is proud to exclusively offer for sale Country Fair Shopping Center. Country Fair Shopping Center was originally built from 1958 – 1960 and was originally anchored by Goldblatt’s Department Store and was East Central Illinois’ first open air shopping malls. Country Fair currently consists of over 300,000 sf of building spread over 36 acres in the heart of Champaign IL. This is the first time in over 30 years the property has been offered for sale. Included in this package there are 3 separate buildings. 101 – 301 S. Mattis is a 211,780 SF building housing Sol Beauty, Talecris Plasma, Dollar Tree, and Karen’s Kloset to name a few. 1910 – 2004 W. Springfield is a 65,970 SF building housing Big Lots, Kroger (Ruler Foods), and Dollar General. 230 – 250 Country Fair Dr. is a 14,891 SF building housing local TV station WICD. Currently there are 3 ground leases in the outlots consisting of Thorntons Gas/Convenience Store, Chase Bank, First Federal ATM, and Taco Bell. There are up to 5 other potential outlots that could be ground leased or sold off to potential users.

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Area Description

Country Fair Shopping Center host over 300,000 SF of retail space (2,000 Parking spots) on a prime 33 Acre site in West Champaign at the Northwest Corner of Springfield Ave. (IL Rt. 10) and Mattis Ave. This corner boasts traffic counts of 14,600 VPD on Springfield and 23,000 VPD on Mattis which are among the highest in Champaign-Urbana. The immediate area is dominated with retail on all four corners including Round Barn Shopping Center (160,200 SF), Union Square (11,538 SF), and Walgreens on southeast corner. Area retailers include: Ruler Foods, Big Lots, Walgreens, CVS, Chase Bank, Starbucks, OSF Urgo, Jimmy Johns, Dollar Tree, Dollar General, Dunkin Donuts, Jimmy John’s, Arby’s, Taco Bell, OHOP, Kinkos, and many more local, regional, and national retailers.