847-780-8063
2004 Fox Dr, Champaign, IL for Sale
Medical - FOR SALE
1/46
null | Request Cap Rate

2004 Fox Dr
Champaign, IL 61820


HIGHLIGHTS

  • Existing occupancy at 86.6% with seven (7) established tenants all on NNN leases
  • Attractive income stream producing a in-place net operating income (NOI) of approximately $238,872
  • Strategic location near the University of Illinois, Carle Health Systems, and major area employers
  • Zoned CO: Commercial Office District allowing for flexible office and related service uses
  • Prominent monument signage and ample on-site parking
  • Easy access to Interstates 74 and 57 and regional airport

OVERVIEW

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.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

97

LAND DETAILS

LAND ACRES

2.26 AC

LAND SF

98,446 SF

ZONING

CO

APN/PARCEL ID

45-20-24-328-003,45-20-24-328-004

ASK ABOUT THIS PROPERTY

Matt TarshisFrontline Real Estate PartnersMore Info
847-780-8063

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Matt TarshisFrontline Real Estate PartnersMore Info
847-780-8063

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