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MARKET PLACE RETAIL FOR SALE 6 Convenience Center Dr

9,000 SF Retail Building Champaign, IL 61820 $1,250,000 ($139/SF)

Investment Highlights

  • Single Story Beam/Masonry Construction
  • Poured Concrete Floors
  • Total of 9,000 Sq. ft. of usable space
  • Full Basement, Partially Finished
  • Anchored by dominant regional mall (1,000,000 Sq. ft.) and Market Place Plaza anchored by Kohl's with 200,000 sq. ft.

Executive Summary

Coldwell Banker Commercial Devonshire Realty is proud to introduce this freestanding bi-level retail structure on half an acre, situated on a prime outlot of Champaign County’s premier shopping destination, the Market Place mall. Reconstructed from an original bank site in 2006, the building features a 3,500 sq. ft. basement with 12 ft ceiling heights, not included in the 5,500 sq. ft. footprint. This bonus space is perfect for back of the house and additional stock and storage needs. Due to this, the main level is almost all sales floor, with strategically placed stock rooms, and restrooms on the first floor. The owners thoughtfully redesigned the property centralized around a beautiful showroom floor. Contact to make an appointment to see it for yourself.
Area Description
Located in a prime retail hub, this property is perfectly positioned between Market Place Plaza, home to Kohl’s, and the southern parking area of Market Place Shopping Center. It directly faces the newly revitalized Dick’s House of Sport, a major draw that sees nearly 50,000 visitors each month. The entire Market Place Shopping Center attracts a robust 492,000 visitors monthly, with Costco alone contributing 130,000 of these visits. The property benefits from dual access points and is easily reachable via Convenience Center Road from Neil Street, one of Champaign’s key thoroughfares, which boasts almost 12,000 vehicles daily. At only a quarter of a mile, the I-74 interchange servicing N Neil Street’s retail district receives approximately 49,000 vehicles daily.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,000 SF
Building Class
C
Year Built
2006
Price
$1,250,000
Price Per SF
$139
Tenancy
Single
Building Height
2 Stories
Building FAR
0.41
Land Acres
0.50 AC
Zoning
CG - Commercial General
Parking
20 Spaces (2.22 Spaces per 1,000 SF Leased)

Amenities

  • Signage

Nearby Major Retailers

Old Chicago Pizza
Great Steak
Sarku Japan
Gloria Jean's Coffees
Red Robin
Crunch
Olive Garden Italian Rstrnt
Bob Evans Restaurants
McAlister's Deli
Starbucks

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
41-20-01-226-002
Land Assessment
$72,900
Improvements Assessment
$234,660
Total Assessment
$307,560
  • Listing ID: 32197935

  • Date on Market: 6/20/2024

  • Last Updated:

  • Address: 6 Convenience Center Dr, Champaign, IL 61820

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