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2312 W Springfield Avenue,  Champaign IL, 61821

(Active)
$450,000
|
|
MLS# 11876690
Last Updated: 5/19/2024 11:34 AM
Description for 2312 W Springfield Avenue Champaign, IL 61821
This 3,075-square-foot building represents an excellent investment opportunity. Presently, the property is under lease to a restaurant establishment, making it an income-generating asset. A significant benefit is the ample parking space available, accommodating up to 45 vehicles, on a spacious half-acre lot. The property itself has been well-maintained and improved upon! Additionally, this building's location is strategically positioned just two blocks west of a more recent Starbucks establishment, further underlining the area's desirability and commercial potential. Whether considering the prime location, steady rental income, lease extension prospects, or the property's overall state of upkeep, this investment opportunity presents a compelling proposition for potential investors seeking a well-positioned and maintained asset.
Price
$450,000
Champaign
11876690
Active
Description
This 3,075-square-foot building represents an excellent investment opportunity. Presently, the property is under lease to a restaurant establishment, making it an income-generating asset. A significant benefit is the ample parking space available, accommodating up to 45 vehicles, on a spacious half-acre lot. The property itself has been well-maintained and improved upon! Additionally, this building's location is strategically positioned just two blocks west of a more recent Starbucks establishment, further underlining the area's desirability and commercial potential. Whether considering the prime location, steady rental income, lease extension prospects, or the property's overall state of upkeep, this investment opportunity presents a compelling proposition for potential investors seeking a well-positioned and maintained asset.
Listing Information
Property Type: Mixed Use, Business Opportunities, 1 Story
0.5 Acres 1979 1
Public
1 Total
Neighborhood
Room Information
Interior Features
Central Air
Exterior / Lot Features
100X226X105X226
COMMR
Driving Directions
From S Mattis Ave, go W on Springfield Ave.
Financial Considerations
412010451009
$16,866
Listing Price History

Champaign Real Estate

Champaign is located in Illinois. Champaign, Illinois 61821 has a population of 89,892.

The median household income in Champaign, Illinois 61821 is $58,172. The median household income for the surrounding county is $56,059 compared to the national median of $66,222. The median age of people living in Champaign 61821 is 33 years.

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Courtesy: KELLER WILLIAMS-TREC, (217) 356-6100
Listings courtesy of MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 5/19/2024. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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This content last refreshed on 5/19/2024 11:34 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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