608 Town Center BlvdChampaign, IL 61822

For Sale
$2,150,000

High-yield restaurant & development land

Overview

Added:
Feb 3
Days on market:
39
This exceptional Champaign, IL commercial property offers a lucrative investment opportunity. The 5,800 sq ft restaurant, situated on a major corridor connecting North Prospect shopping center and Marketplace Mall, is currently leased for five years with two five-year renewal options, generating a gross monthly rent of $7,500. The property boasts a prime location, just one block west of the new Costco within the mall complex. In addition to the thriving restaurant, the property includes nearly two acres of land, with one acre currently vacant and available for development. Plans allow for the construction of an additional 6,000 sq ft building, presenting significant expansion potential. The entire property is offered at $2,150,000. Alternatively, the vacant acre can be purchased separately for $1,100,000. This presents a unique chance to acquire a high-performing restaurant with substantial future development possibilities in a rapidly growing commercial area. The existing lease provides immediate income, while the vacant land offers significant long-term growth potential. This property is ideal for investors seeking a blend of stable income and future development upside. The location's proximity to major retail anchors ensures high visibility and strong tenant demand.

Property Details for 608 Town Center Blvd

Property type
Other commercial real estate
Square Feet
5,800 SF
Year Built
1999

Location Insight

City
Champaign
County
Champaign
State
Illinois
Latitude
40.14312
Longitude
-88.25197
608 Town Center Blvd, Champaign, Illinois

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608 Town Center Blvd
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