Parkhill Plaza | 7.33% Cap Rate | 100% Occupied

Property Description

Coldwell Banker Commercial Devonshire Realty (CBCDR) is pleased to present an exclusive opportunity to acquire Parkhill Plaza and Parkhill Warehouse, a 32,800-square foot, fully occupied retail and warehouse property on 3.06-acres in Champaign, Illinois.

The property boasts a diverse tenant mix of six e-commerce-resistant, restaurant, and service-oriented businesses, providing a strong and stable rental income history.

Additionally, the site offers future income potential through an unleased ATM facility located on the northeast corner of the property. The spacious lot and parking area provide opportunities for further expansion along Randolph Street, enabling a buyer to further enhance the property’s value and income stream.

Area Description

Strategically located on South Neil Street, just west of the University of Illinois at Urbana-Champaign—home to over 59,000 students and more than 14,000 faculty and staff—the property offers an outstanding opportunity in the market. Located along a major north-south corridor, the property is easily accessible and near major employers like Christie Clinic, Busey Bank, and the City of Champaign, as well as numerous restaurants and retailers.