Retail Investment Opportunity

InvestmentLeaseSaleRetail 1,027 SF
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2401 W Springfield Ave
Champaign, IL 61821
Price: $1,075,000
Lease Price: $19.00 / SF
Lease Type: NNN
Building Size: 3,905 SF
Available Space: 1,027 SF
Parking: 18 Spaces
Zoning: Commercial General
Tax PIN: 44-20-15-126-004
Year Built: 2019

Property Description

For Lease: The subject property has one remaining 1,027 square foot suite available to lease. Suite C will be delivered to a tenant as a vanilla box and Lessor will work with Lessee on any Build-To-Suit options.

For Sale: The retail center was constructed in 2019 and is a total of 3,905 SF. It is for sale with two tenants in place. Blackhawk Liquor occupies 2,021 SF and Chelsea’s occupies 857 SF. The cap rate on the property once the last space is leased is projected to be about 8% if the vacant space is leased at $19/SF/NNN.

Location Description

Subject property located at the southwest corner of West Springfield Avenue and Kenwood Drive. The area is surrounded by multi-family and residential neighborhoods along with a commercial retail district to the east. Subject property is located at a lighted intersection. There is interstate access to Interstate 57/72 not far away.