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2401 W Springfield Ave
Champaign, IL 61821
Property For Lease
PROPERTY FACTS
| Property Type | Retail | Year Built | 2019 |
| Property Subtype | Storefront | Parking Ratio | 4.61/1,000 SF |
| Gross Leasable Area | 3,905 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 3,905 SF |
| Year Built | 2019 |
| Parking Ratio | 4.61/1,000 SF |
About the Property
For Lease: The subject property has one remaining 1,027 square foot suite available to lease. Suite C will be delivered to a tenant as a vanilla box and Lessor will work with Lessee on any Build-To-Suit options. For Sale: The retail center was constructed in 2019 and is a total of 3,905 SF. It is for sale with two tenants in place. Blackhawk Liquor occupies 2,021 SF and Chelsea’s occupies 857 SF. The cap rate on the property once the last space is leased is projected to be about 8% if the vacant space is leased at $19/SF/NNN. Subject property located at the southwest corner of West Springfield Avenue and Kenwood Drive. The area is surrounded by multi-family and residential neighborhoods along with a commercial retail district to the east. Subject property is located at a lighted intersection. There is interstate access to Interstate 57/72 not far away.
