1401 Parkland CtChampaign, IL 61821

  • Commercial real estate
  • 1.40 AC
For Sale
$1,200,000 View listing

Property Details for 1401 Parkland Ct

Construction
WOOD
Lot size
1.40 AC
Property type
Commercial real estate
APN
412003477025
APU
412003477025

Description

This exceptional 15,232 square foot commercial property presents a unique opportunity for a variety of businesses. The building boasts a crisp, clean interior with exceptional natural lighting. Currently configured with two distinct areas separated by glass windows and doors, the space offers flexibility for diverse operational needs. A professional office area is complemented by a convenient kitchen and separate bathrooms. The property sits on a 1.4-acre lot, providing ample space for immediate use and significant future expansion. Additional land adjacent to the building offers potential for acquisition, ideal for creating expanded parking to accommodate growth. The location is strategically advantageous, situated in a quiet area with minimal traffic yet just one block from a major thoroughfare and less than a mile from three major highways, ensuring excellent accessibility and convenient transportation links. The property's size, layout, and location make it perfectly suited for a range of uses, including small-scale manufacturing, fulfillment centers, distribution facilities, or similar operations requiring substantial space and convenient access to transportation networks. The combination of existing infrastructure and expansion potential makes this a truly compelling investment opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $22,432,766
    Hospitality
    $20,548,294
    Educational
    $17,095,940
    Medical
    $17,683,894
    Retail
    $26,593,684

Location Insight

City
Champaign
County
Champaign
State
Illinois
Latitude
40.1289
Longitude
-88.2804
CBSA code
16580
CBSA name
CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$24,086
$32,380
$234,710
$267,090
-
$97,140
$704,130
$801,270

FAQs

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