1902 Fox Dr - Office FOR SALE


Champaign, IL 61820
$1,925,000 USD
217-403-3425
1902 Fox Dr, Champaign, IL for Sale
$1,925,000 USD
Office - FOR SALE
1/3
null | Request Cap Rate

1902 Fox Dr
Champaign, IL 61820


HIGHLIGHTS

  • 86% leased with stable in-place income
  • Anchored by two (2) creditworthy, long-term tenants
  • Flexible suite configuration (2,200 – 3,300 SF)
  • Located in a well-established corporate office park with adjacent retail and hospitality amenities

OVERVIEW

Coldwell Banker Commercial Devonshire Realty (CBCDR) is pleased to present for sale 1902 Fox Drive, a highly flexible, income-producing office asset located within the Champaign Corporate Center. This 17,915 RSF single-story office building is currently 86% leased and anchored by established long-term tenants, including Comcast and the Illinois Federation of Teachers. The remainder of the building has been repositioned into a premium private office coworking concept known as Parallel, providing a diversified and dynamic income stream. Located in Champaign Corporate Center, 1902 Fox Drive offers a rare combination of income stability and future flexibility. The property benefits from a hybrid rent roll that offers stable base income from anchor tenants and diversified income from smaller office users.

FOR SALE DETAILS

PRICE

$1,925,000 USD

PRICE/SF

$107 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

CHAMPAIGN OFFICE FOR SALE

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

82

LAND DETAILS

LAND ACRES

1.86 AC

LAND SF

80,970 SF

ZONING

CO

APN/PARCEL ID

45-20-24-178-003

ASK ABOUT THIS PROPERTY

AJ Thoma IIIColdwell Banker Commercial Devonshire RealtyMore Info
217-403-3425

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AJ Thoma IIIColdwell Banker Commercial Devonshire RealtyMore Info
217-403-3425

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.