201 Devonshire DrChampaign, IL 61820

Property Details for 201 Devonshire Dr

Lot size

2.40 AC

Property type

Office properties

APN

452024401004

APU

452024401004

Description

This exceptional 19,086 square foot Class B medical office building in Champaign, IL, offers a unique opportunity. Situated on 2.05 acres within Corporate Center Office Park, this single-story building boasts 86 parking spaces and is conveniently located near Neil Street, Willard Airport, downtown Champaign, and the University of Illinois. Built in 1995, the property features a welcoming reception area, 21 private offices, 9 open work areas, 6 conference rooms, a kitchen, server room with dedicated Liebert CRAC system and anti-static flooring, 4 restrooms, shipping/receiving area, and ample storage. The building is divisible into approximately 9,153 square feet and 9,933 square feet. It includes 3-phase power and an uninterruptible power system. The property is zoned CG (Commercial General) and has a total of two suites. Currently, 9,153 square feet of space is vacant. Landlord pays real estate taxes and building insurance

• CAP approach

  CAP return

  Valuation

  6%

  $33,597,464

  6.5%

  $31,013,042

  7%

  $28,797,824

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,616,856

  Geo Method

  $13,616,856

• Alternative Use

  Use

  Valuation

  Residential

  $38,456,172

  Hospitality

  $35,225,648

  Educational

  $29,307,324

  Medical

  $30,315,248

  Retail

  $45,589,172

Location Insight

City

Champaign

County

Champaign

State

Illinois

Latitude

40.0894

Longitude

-88.2481

CBSA code

16580

CBSA name

CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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