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$ 1,450,000
Est. payment | /mo
1,300 SqFt
$ 1,450,000
Est. payment | /mo
1,300 SqFt
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 1,300 sqft
Price per Sqft $1,115
MLS Listing ID 12540681
Year Built 1985
Annual Tax Amount $20,010
Tax Year 2024
Lot Dimensions 66x85
Property Sub-Type Retail/Stores
Property Description
Located at the high-visibility corner of Green Street and Third Street, this fully leased commercial property offers a rare chance to own a turn-key investment in the vibrant Campustown district - the retail and dining hub that serves over 60,000 University of Illinois students. 1,300 SF building on a 0.13-acre corner lot; On-site private parking - a rare amenity in this corridor; Fully leased with a 5-year term + one 5-year extension option; Major building upgrades completed in 2020; Zoned: Commercial Central Business District (CBD-3); Additional income from a billboard lease; Excellent visibility and foot traffic on the Green Street corridor; Future development potential in one of Champaign's most in-demand locations; 2024 Property Taxes: $20,010. Whether you're seeking a stable, income-producing asset or a long-term redevelopment play in the core of Campustown, this property checks all the boxes. Contact Guth & Associates for more information.
Location
State IL
County Champaign
Area Champaign, Savoy
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Retail/Stores
Structure Type Brick
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Listed by Jill Guth of GUTH & ASSOCIATES,LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "