For Sale
$1,950,000

2035 Neil St Champaign, IL 61820

High-Yield Multi-Tenant Retail Property

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional retail investment property, located at 2035 S Neil St in Champaign, Illinois, presents a compelling opportunity. The 5,335 square foot building sits on a 0.93-acre lot and boasts 100% occupancy with two strong national tenants: Orange Theory Fitness and AT&T. Built in 2015, the property features 51 parking spaces and benefits from a prominent street-front location offering excellent visibility and accessibility. The property is zoned for general commercial use and is an outparcel to the Carriage Center, situated within a dense commercial corridor. The strong demographics of the 5-mile trade area, coupled with the proximity to the University of Illinois Urbana-Champaign (59,000 students), ensure a robust and stable tenant base. The asking price is $1,950,000, representing a 7.25% capitalization rate with a current Net Operating Income (NOI) of $141,372. The property is offered fee simple (land and building), providing complete ownership. This investment offers significant upside potential and is an ideal addition to any portfolio seeking strong returns and stable tenancy in a thriving market. The property's APN is 452024401006.

Highlights

  • Fully leased to two strong national tenants (Orange Theory Fitness and AT&T); significant upside potential.
  • High visibility street-front location with excellent accessibility.
  • Outparcel to Carriage Center in a dense commercial corridor, near the University of Illinois (59,000 students).
  • Strong demographics within a 5-mile radius.

Property Details for 2035 Neil St

Property type
Retail properties, Retail space
Square Feet
5,335 SF
Year Built
2015
Lot Size (sq. ft)
40,511 SF

Location Insight

City
Champaign
County
Champaign
State
Illinois
Latitude
40.0909414
Longitude
-88.2463655

FAQs

What type of property is this?
Retail property - High-Yield Multi-Tenant Retail Property
Where is the retail property located?
The property is located at 2035 Neil St Champaign, IL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Fully leased to two strong national tenants (Orange Theory Fitness and AT&T); significant upside potential.; High visibility street-front location with excellent accessibility.; Outparcel to Carriage Center in a dense commercial corridor, near the University of Illinois (59,000 students).
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.
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2035 Neil St
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