608 Town Center BlvdChampaign, IL 61822

Property Details for 608 Town Center Blvd

Construction

WOOD

Property type

Commercial real estate

APN

411436350016

APU

411436350016

Description

This exceptional Champaign, IL commercial property offers a lucrative investment opportunity. The 5,800 sq ft restaurant, situated on a major corridor connecting North Prospect shopping center and Marketplace Mall, is currently leased for five years with two five-year renewal options, generating a gross monthly rent of $7,500. The property boasts a prime location, just one block west of the new Costco within the mall complex. In addition to the thriving restaurant, the property includes nearly two acres of land, with one acre currently vacant and available for development. Plans allow for the construction of an additional 6,000 sq ft building, presenting significant expansion potential. The entire property is offered at $2,150,000. Alternatively, the vacant acre can be purchased separately for $1,100,000. This presents a unique chance to acquire a high-performing restaurant with substantial future development possibilities in a rapidly growing commercial area. The existing lease provides immediate income, while the vacant land offers significant long-term growth potential. This property is ideal for investors seeking a blend of stable income and future development upside. The location's proximity to major retail anchors ensures high visibility and strong tenant demand.

Location Insight

City

Champaign

County

Champaign

State

Illinois

Latitude

40.143

Longitude

-88.2522

CBSA code

16580

CBSA name

CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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