About This Restaurant
Investment Highlights
Strategically located in the commercial side of town. The vacant acre in the front can be used to build an additional 6000 sq. ft building of your choice. One block west of the new Costco in the Marketplace Mall.
Executive Summary
Great income producing property strategically located in the commercial side of town. On a major corridor connecting North Prospect shopping center and Marketplace Mall. One block west of the new Costco in the Mall. Almost two acres of land and 5800 sq. ft of well-built restaurant that is leased for 5 years renewable for two more terms of 5 years each. Gross rent of $7500/month. The vacant acre can be used to build an additional 6000 sq. ft building of your choice. The price for all is $2,150,000. The price for the vacant acre only is $1,100,000.
Property Details
- Sale Type Investment or Owner User
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Freestanding Office Medical Industrial Service Restaurant
- Building Size 6,024
- Building Class B
- Year Built 1999
- Price 2,150,000
- Price Per SF 357
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.07
- Land Acres 1.95 AC
Nearby Amenities & Transportation
Retail | Starbucks | ||
Retail | Denny's | ||
Retail | McAlister's Deli | ||
Retail | LongHorn Steakhouse | ||
Retail | Portillo's | ||
Retail | Steak ?n Shake | ||
Retail | Red Robin | ||
Retail | Chili's | ||
Retail | Fazoli's | ||
Retail | Ruler Foods |
Property Taxes
Parcel Number | 41-14-36-350-016 | Improvements Assessment | $210,700 (2022) |
Land Assessment | $51,280 (2022) | Total Assessment | $261,980 (2022) |
Date Created: | 2024-07-16 04:13:39 | Last Updated: | 2024-07-16 04:13:39 |
Address: | 608 W Town Center Blvd , Champaign, Illinois, 61822 |