Address
510 W Park Avenue, Champaign, IL
Price
$ 475,000
Property Attributes
  • MLS#12028036
  • TypeCommercial
  • CountyCHAMPAIGN
  • CityChampaign
  • AreaChampaign - Savoy
  • NeighborhoodWilbur Heights
  • Zip61820
  • Style
  • Year Built1980
  • Taxes$ 14511
  • Price$ 475,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5360
  • Lot Size0.4 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description

Discover the potential of this all-brick professional office building constructed in 1980, located near the vibrant heart of downtown Champaign. Offering 5,360 square feet of heated and cooled office space, this property is ideally suited for an array of professional uses. The interior is thoughtfully designed with 16 office suites and 7 exterior doors, providing excellent accessibility and versatility. Four of these doors open directly to a generous asphalt parking lot, enhancing convenience for employees and visitors alike. The building includes five bathrooms and a spacious 23 x 19 general meeting room, accommodating both staff and client needs. Recent updates in the western section of the building include fresh paint and new carpeting, creating a modern and inviting workspace. The property is equipped with four heating and cooling units and four electrical meters, allowing for easy separation of utilities among different businesses or departments. Additionally, the building's attic offers easy access for your technology needs, simplifying installations and maintenance of essential systems. Strategically positioned just one block from West Side Park and directly across from Central High School, this location ensures high visibility and accessibility. Currently vacant, this building is ready to welcome new owners looking to capitalize on a prime real estate opportunity. This exceptional property is a must-see for investors or companies seeking a prestigious address in Champaign. Ready for immediate occupancy, 510 W Park Ave represents a unique opportunity to own a substantial office building in a key urban location.

Price History
4/19/2024 Listed $475,000

General Features

Cooling Central Air
Construction Materials Wood Frame
Year Built 1980
Electric Circuit Breakers
Tenant Pays Air Conditioning,Electricity,Heat
Stories 1
Township Champaign
Property SubType Office
Tax Year 2022
Gross Income 5000
County Champaign
Net Operating Income 8000
Operating Expense 2000
Property Type Commercial Sale
Status Active
Directions NOTE: Easiest way to access the building is from Church Street going westbound then south on N. Lynn St. to the buildings parking lot
City Champaign
Total Units 2
MLS Area Champaign,Savoy
Lot Size Square Feet 17424
Street Name Park
Tax Annual Amount 14511
Virtual Tour https://tours.illini360.com/510-W-Park-Ave/idx
Days on Market 7
Standard Status Active
Property Type Office/Tech

Interior Features

Flooring Carpet
Street Suffix Avenue

Exterior Features

Building Area Total 5360
Lot Dimensions 132 X 132
Exterior Brick

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 61820

Price
AVG $290K
$480K
Taxes
AVG $67,169
$14,511
Visits
AVG 189
26
Data Provided by Inside Real Estate®
Year Built
AVG 1973
1980