703 S Neil St - Storefront FOR SALE


Champaign, IL 61820
$4,150,000 USD
217-403-3424
703 S Neil St, Champaign, IL for Sale
$4,150,000 USD
Storefront - FOR SALE
1/6
null | 7.33% Cap Rate

703 S Neil St
Champaign, IL 61820


HIGHLIGHTS

  • 100% leased multi-tenant property
  • Scheduled rent increases protect against inflation
  • High visibility on South Neil Street (19,600 vpd)
  • Strategic location near the University of Illinois and downtown Champaign

OVERVIEW

Coldwell Banker Commercial Devonshire Realty (CBCDR) is pleased to present an exclusive opportunity to acquire Parkhill Plaza and Parkhill Warehouse, a 32,800-square foot, fully occupied retail and warehouse property on 3.06-acres in Champaign, Illinois. The property boasts a diverse tenant mix of six e-commerce-resistant, restaurant, and service-oriented businesses, providing a strong and stable rental income history. Additionally, the site offers future income potential through an unleased ATM facility located on the northeast corner of the property. The spacious lot and parking area provide opportunities for further expansion along Randolph Street, enabling a buyer to further enhance the property’s value and income stream.

FOR SALE DETAILS

PRICE

$4,150,000 USD

PRICE/SF

$127 USD /SF

CAP RATE

7.33%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Parkhill Plaza | 7.33% Cap Rate | 100% Leased

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

130

LAND DETAILS

LAND ACRES

3.06 AC

LAND SF

133,294 SF

ZONING

CG

APN/PARCEL ID

43-20-13-253-017

ASK ABOUT THIS PROPERTY

Josh MarkiewiczColdwell Banker Commercial Devonshire RealtyMore Info
217-403-3424

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Josh MarkiewiczColdwell Banker Commercial Devonshire RealtyMore Info
217-403-3424

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