604 Main StMahomet, IL 61853

Property Details for 604 Main St

Property type

Commercial real estate

APN

151315180012

APU

151315180012

Description

WesPark Towne Center, a Class B, multi-tenant property in Mahomet, Illinois, presents a compelling investment opportunity. This 12,507 square foot, Net Leased (NNN) center, built in 2018, boasts a mix of executive office and shopping center spaces, currently operating at 75% occupancy. Seven individual units are available within this in-line center, strategically located in Mahomet's Central Business District, and zoned C-1. The asking price is $4,500,000, translating to $359.80 per square foot. The property benefits from its proximity to the University of Illinois (approximately 15 minutes away), serving a student population of 59,328. Convenient access to Champaign/Urbana is ensured via I-74 and US Hwy 150. This offering includes three adjacent, commercially zoned lots totaling approximately 1.5 acres, situated within the Mahomet CBD Tax Increment Financing (TIF) district, presenting significant development potential. The property's strong location within a growing market, combined with the NNN lease structure, makes it an attractive investment for discerning buyers. The existing tenants provide a stable income stream, while the additional land offers opportunities for future expansion and increased revenue.

Location Insight

City

Mahomet

County

Champaign

State

Illinois

Latitude

40.1946

Longitude

-88.4007

CBSA code

16580

CBSA name

CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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