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31251652
31251653

1902 Fox Dr, Champaign, IL 61820 For Sale

AT
IL IL475.135026
Coldwell Banker Commercial Devonshire Realty
DF
IL 471.020902
Coldwell Banker Commercial Devonshire Realty
Listed by Coldwell Banker Commercial Devonshire Realty
$1,925,000
119 days on market
Updated 20 days ago

CHAMPAIGN OFFICE FOR SALE

Details
APN 45-20-24-178-003
Property Type Office
Sub Type Traditional Office
Square Footage 17,915
Occupancy 86%
Tenancy Multi
Price per SqFt $107
Class B
Acreage 1.870
Zoning CO, Commercial Office District

Income Producing Investment Property

Marketing description

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.

Area Description

Corporate Center occupies 70 acres of prime real estate on Champaign’s growing southern rim. Located off South Neil Street between Kirby Avenue and Windsor Road, it offers easy access to the University of Illinois campus, as well as Willard airport. Major hotel and conference centers are located close by, making it easy to host large meetings and events nearby. Corporate Center sits adjacent to upscale retail centers and stores. The centers provide Corporate Center employees with a range of breakfast, lunch, and dinner options, as well as other convenient amenities and walking trails.

Nearby Amenities

  • Harvest Market grocery
  • Carriage Center retail
  • Aspen Tap House restaurant
  • Haymakers gas and convenience store

Area Hotels

  • Hilton Home2 Suites
  • I Hotel and Illinois Conference Center
  • Hilton Garden Inn
  • Homewood Suites

Investment 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

Listing Contacts

AT
IL IL475.135026
Coldwell Banker Commercial Devonshire Realty
DF
IL 471.020902
Coldwell Banker Commercial Devonshire Realty
Listed by Coldwell Banker Commercial Devonshire Realty

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Additional Information

Name
AJ Thoma III, CCIM, SIOR
License
IL475.135026
Title
Illinois
Name
Dana Flinn-Freeland
License
471.020902
Brokerage
Coldwell Banker Commercial Devonshire Realty
Brokerage Phone
2173183496
Title
Executive Broker Associate
Brokerage Address
200 West Springfield Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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