For Sale
$2,150,000

608 Town Center Blvd Champaign, IL 61822

High-yield restaurant & development land

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional Champaign, IL property presents a lucrative investment opportunity. Located at 608 W Town Center Blvd, this mixed-use offering combines a 6,000 square foot restaurant currently under a 5-year gross lease with a $7,500 monthly rent, renewable for an additional 10 years, and a nearly two-acre vacant lot. The existing restaurant building is well-constructed and situated on a major thoroughfare connecting prominent shopping centers, including the nearby Costco. The vacant 1.9-acre lot offers significant development potential, allowing for the construction of an additional 6,000 square foot building. The property's strategic location and strong rental income make it an ideal investment for owner-users or developers seeking a high-return asset. The asking price for the entire property is $2,150,000; the vacant land alone is priced at $1,100,000. This is a rare opportunity to acquire a substantial commercial property in a thriving Illinois market. The property is zoned for commercial and restaurant use. The address is 608 W Town Center Blvd, Champaign, IL 61822.

Highlights

  • $2,150,000 asking price for a mixed-use property.
  • 1.9-acre lot with a 6,000 square foot restaurant building.
  • Located at 608 W Town Center Blvd, Champaign, IL 61822.
  • Gross lease in place for five years with renewal options.
  • Currently generating $7,500 monthly gross rent.
  • Potential for additional development on the vacant portion of the lot.

Property Details for 608 Town Center Blvd

Property type
Retail properties, Restaurants
Square Feet
6,000 SF
Lot Size (sq. ft)
82,764 SF

Location Insight

City
Champaign
County
Champaign
State
Illinois
Latitude
40.14312883
Longitude
-88.25202567

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FAQs

What type of property is this?
Retail property - High-yield restaurant & development land
Where is the retail property located?
The property is located at 608 Town Center Blvd Champaign, IL.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: $2,150,000 asking price for a mixed-use property.; 1.9-acre lot with a 6,000 square foot restaurant building.; Located at 608 W Town Center Blvd, Champaign, IL 61822.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Contacts

HAZEM JABER
HAZEM JABER
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Town Center Blvd
Champaign, IL 61822

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Town Center Blvd
Champaign, IL 61822

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

608 Town Center Blvd
  • HAZEM JABER
    HAZEM JABER
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