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2107 S Neil St 20,000 SF 100% Leased Office Building Champaign, IL 61820 For Sale
INVESTMENT HIGHLIGHTS
- Fully leased building with strong, creditworthy tenants on NNN deals—Communications Data Group and Quest Diagnostics
- Strategic location near the University of Illinois, Carle Health Systems, and other major area employers
- Attractive income stream producing a net operating income (NOI) of approximately $232,517
- Excellent access to Interstates 74 and 57 and Willard Airport
EXECUTIVE SUMMARY
2107 S. Neil Street is a 20,000 square-foot, Class B office building located along Neil Street in Champaign, Illinois. Built in 1998 and situated on 2.18 acres, the building features two (2) units, ample on-site parking with 126 spaces (6.3 per 1,000 SF), and excellent visibility along one of Champaign’s primary commercial corridors. The building is fully leased by Communications Data Group and Quest Diagnostics, each established businesses, providing stable income, generating a operating income (NOI) of approximately $232,517. Opportunity to acquire a secure, low-maintenance asset in a thriving Champaign location. 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.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
REO Sale
Property Type
Office
Building Size
20,000 SF
Building Class
B
Year Built
1998
NOI
$232,517
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
20,000 SF
Building FAR
0.21
Lot Size
2.18 AC
Zoning
CO
Parking
126 Spaces (6.3 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 45-20-24-401-014 | Improvements Assessment | $311,240 |
| Land Assessment | $203,510 | Total Assessment | $514,750 |
PROPERTY TAXES
Parcel Number
45-20-24-401-014
Land Assessment
$203,510
Improvements Assessment
$311,240
Total Assessment
$514,750
CONTACTS
-
Matt Tarshis -
Andrew Rubin -
Zack Pearlstein -
Andrew Picchietti -
Andrew Slovis -
Frontline Real Estate Partners
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2107 S Neil St
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