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2312 W Springfield Avenue Champaign, IL $ 450,000
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$ 450,000 Get more info
2312 W Springfield Avenue
$ 450,000
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2312 W Springfield Avenue

Champaign, IL, 61821
$ 450,000
Baths0.0

Monthly Estimate*

$ 2,991

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Studio

Commercial Property for sale in Champaign, IL

for $450,000. This building was built in 1979 on a lot size of 0.5.

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.

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Commercial Active

Price

$ 450,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 16,866

Style

Lot Size

0.5

Year Built

1979

Town/City

Champaign

County/Region

Champaign

MLS | Web ID

11876690
Features
General
Cooling Central Air
Utilities Water-Municipal
Possession Closing
Zoning COMMR
Year Built 1979
Electric Three Phase
Tenant Pays Other
Stories 1
Property SubType Mixed Use
Tax Year 2021
Gross Income 0
County Champaign
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Status Active
Directions From S Mattis Ave go W on Springfield Ave.
City Champaign
NumberOfUnitsTotal 1
MLS Area Champaign Savoy
Lot Size Square Feet 21780
Street Name Springfield
Tax Annual Amount 16866
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Days on Market 257
Standard Status Active
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Exterior
Building Area Total 0
Lot Dimensions 100X226X105X226
Frontage Type City Street
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Interior
Street Suffix Avenue
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* Excluded Features
List By
Keller Williams-Trec

Broker

steve@littlefieldhomes.com

Email

Affordability Calculator

$4,396
Per Month
68%
32%
0%
Monthly Principal & Interest
$2,991
Monthly Property Taxes
$1,406
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/14/2024$450,000 -9.09% Price Down
10/9/2023$495,000 -10.00% Price Down
9/5/2023$550,000 Listed Price

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2312 W Springfield Avenue, Champaign, IL, 61821 is a Commercial Property for sale at $450,000 with a lot size of 0.5. 2312 W Springfield Avenue is a studio with 0.0 baths and was built in 1979. The property's zip code is 61821 which is in Champaign, IL

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