Parkhill Plaza | 7.33% Cap Rate | 100% Occupied

For Sale

703 S Neil St, Champaign, IL 61820

This Champaign property for sale is located at 703 S Neil St. The current listed sale price for Parkhill Plaza | 7.33% Cap Rate | 100% Occupied is $4,150,000. Parkhill Plaza | 7.33% Cap Rate | 100% Occupied is situated on a lot that is 3.06 acre in size.

Contacts

broker
Joshua Markiewicz

Coldwell Banker Commercial Devonshire Realty

Property Details

  • Property Type Retail
  • Lot Size 3.06 Acre
  • Additional Rent Contact for pricing
  • Date Updated Dec 12, 2024
Coldwell Banker Commercial Devonshire Realty (CBCDR) is pleased to present an exclusive opportunity to acquire Parkhill Plaza and Parkhill Warehouse, a 32,800-square foot, fully occupied retail and warehouse property on 3.06-acres in Champaign, Illinois. The property boasts a diverse tenant mix of six e-commerce-resistant, restaurant, and service-oriented businesses, providing a strong and stable rental income history. Additionally, the site offers future income potential through an unleased ATM facility located on the northeast corner of the property. The spacious lot and parking area provide opportunities for further expansion along Randolph Street, enabling a buyer to further enhance the property’s value and income stream.
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Highlights

  • Strategically located on South Neil Street, just west of the University of Illinois at Urbana-Champaignhome to over 59,000 students and more than 14,000 faculty and staffthe property offers an outstanding opportunity in the market. Located along a major north-south corridor, the property is easily accessible and near major employers like Christie Clinic, Busey Bank, and the City of Champaign, as well as numerous restaurants and retailers.

Attachments

Getting around

  • 92/100

    Walk Score ®

  • 63/100

    Transit Score ®

  • 95/100

    Bike Score ®

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Location

  • City Champaign, IL
  • Neighborhood In Town
  • Zip Code 61820

Points of Interest

  • Champaign-Urbana

    0.53 miles

  • Circle K

    0.28 miles

  • ChargePoint

    1.15 miles

  • Mobil

    1.53 miles

  • QuikTrip

    1.64 miles

  • Shell

    1.67 miles

  • Tesla Supercharger

    2.75 miles

  • Parkette 151

    0.32 miles

  • Parkette 154

    0.33 miles

  • Laura Apartments Parking

    0.46 miles

  • Whitehall Apartments Garage

    0.48 miles

  • Weston Parking lot

    0.63 miles

  • C10

    0.66 miles

  • Main and Market

    0.67 miles

  • C9

    0.68 miles

  • North First Street Lot

    0.69 miles

  • E12

    0.69 miles

  • Dunkin'

    0.15 miles

  • No 1 Wok

    0.16 miles

  • Wingstop

    0.16 miles

  • Jimmy John's

    0.19 miles

  • D.P. Dough

    0.19 miles

  • Golden Harbor

    0.19 miles

  • Domino's

    0.25 miles

  • Vinny's by the slice and More

    0.25 miles

  • Papa John's

    0.34 miles

  • Papa Del's

    0.36 miles

  • AM-KO Oriental Foods and Gifts

    0.39 miles

  • County Market

    0.62 miles

  • Target

    0.74 miles

  • Far East Grocery

    0.80 miles

  • World Harvest Foods

    0.88 miles

  • Harvest Market

    1.22 miles

  • Asian Supermarket

    1.60 miles

  • World Harvest

    1.74 miles

  • Westgate Mall

    1.92 miles

  • Schnucks

    1.93 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Joshua Markiewicz

Coldwell Banker Commercial Devonshire Realty