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2004 Fox Dr 25,100 SF 87% Leased Office Building Champaign, IL 61820 For Sale

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INVESTMENT HIGHLIGHTS

Existing occupancy at 86.6% with seven (7) established tenants all on NNN leases
Strategic location near the University of Illinois, Carle Health Systems, and major area employers
Prominent monument signage and ample on-site parking

Attractive income stream producing a in-place net operating income (NOI) of approximately $238,872
Zoned CO: Commercial Office District allowing for flexible office and related service uses
Easy access to Interstates 74 and 57 and regional airport

EXECUTIVE SUMMARY

2004 Fox Drive is a 25,100-square-foot, single-story Class B office building located on Fox Drive in Champaign, Illinois. Built in 1988 and situated on 2.26 acres, the building features eight (8) units, a prominent monument sign along Fox Drive, and ample on-site parking with 98 spaces (3.9/1,000 SF). Currently 86.6% occupied, the building is home to a diverse mix of tenants including Believers and Achievers, Left Lane Auto, Finisar Corporation, Westchester Group Investment Management, Accent Counseling, Champaign Clinic, and Bret D. Kroenke Insurance & Financial Services, along with one 2,500-square-foot vacant suit. The Property offers stable in-place income with upside potential, generating a in-place net operating income (NOI) of approximately $238,872. The surrounding area features a mix of retail and office uses, with nearby national and regional retailers including Harvest Market, ACE Hardware, Starbucks, Moe’s Southwest Grill, Smoothie King, Oberweis Ice Cream, Taco Bell, Steak ’n Shake, and McDonald’s. Major employers
in the region include the University of Illinois, Carle Health Systems, Kraft-Heinz, and Presence Health.

Marketing Brochure/Flyer

PROPERTY FACTS

Sale Type

Investment

Sale Condition

REO Sale

Property Type

Office

Property Subtype

Medical

Building Size

25,100 SF

Building Class

Year Built

1988

NOI

$238,812

Percent Leased

87%

Tenancy

Multiple

Building Height

1 Story

Typical Floor Size

25,100 SF

Building FAR

0.25

Lot Size

2.26 AC

Zoning

CO - Commercial Office

Parking

97 Spaces (3.86 Spaces per 1,000 SF Leased)

SPACE AVAILABILITY

SPACE
SIZE
SPACE USE
CONDITION
AVAILABLE

1st Fl-Ste K
2,500 SF
Office
Shell Space
Now

2004 Fox Dr, Champaign, IL for sale Building Photo- Image 1 of 8 — Building Photo

2004 Fox Dr, Champaign, IL for sale Building Photo- Image 2 of 8 — Building Photo

2004 Fox Dr, Champaign, IL for sale Building Photo- Image 3 of 8 — Building Photo

2004 Fox Dr, Champaign, IL for sale Building Photo- Image 4 of 8 — Building Photo

2004 Fox Dr, Champaign, IL for sale Interior Photo- Image 5 of 8 — Interior Photo

2004 Fox Dr, Champaign, IL for sale Interior Photo- Image 6 of 8 — Interior Photo

2004 Fox Dr, Champaign, IL for sale Interior Photo- Image 7 of 8 — Interior Photo

2004 Fox Dr, Champaign, IL for sale Interior Photo- Image 8 of 8 — Interior Photo

Located in the Corporate Center Office Park, 2004 Fox Drive is a ±25,100 square foot multi-tenant office building with a brick façade and ample parking. Built in 1988, the building is centrally positioned within the community, just west of Neil Street. Suite K, situated in the southwest corner of the building, offers approximately 2,500 square feet of office space in primarily shell condition. The suite includes a reception area, break room, office, storage room, and two restrooms, and requires additional build-out to be fully functional. The building benefits from a monument sign along Fox Drive and is located along an MTD bus route.