1204 N Market St - Freestanding FOR SALE


Champaign, IL 61820
$1,400,000 USD
217-369-6643
1204 N Market St, Champaign, IL for Sale
$1,400,000 USD
Freestanding - FOR SALE
1/4
null | 7.5% Cap Rate

1204 N Market St
Champaign, IL 61820


OVERVIEW

Property Description Introducing an exceptional investment opportunity in Champaign! Nestled at 1204 N Market St, this prime retail location boasts a brand new Dollar General store, offering a solid and reliable income stream with a recently signed 9-year lease generating $105,000 annually, coupled with two additional options. With its strategic placement on a corner lot, this property offers unparalleled visibility, ensuring maximum exposure for your investment. Ample on-site parking (newly resurfaced) further enhances convenience for both customers and tenants alike, In addition, the investment opportunity benefits from its proximity to a newly opened Home Depot, further solidifying its appeal within the retail landscape. Situated near a large retail and shopping hub boasting prominent names such as Costco, Best Buy, and Target this location offers a synergistic environment for businesses to thrive.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$152 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DOLLAR GENERAL INVESTMENT NEW 9 YEAR LEASE

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

32,917 SF

ZONING

CN

APN/PARCEL ID

46-21-06-354-020

ASK ABOUT THIS PROPERTY

Jay SikorskiColdwell Banker Commercial Devonshire RealtyMore Info
217-369-6643

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Jay SikorskiColdwell Banker Commercial Devonshire RealtyMore Info
217-369-6643

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.