$3,475,000
$4,500,000
22.8%For more information regarding the value of a property, please contact us for a free consultation.
28,533 SqFt
SOLD DATE : 09/13/2023
Key Details
Sold Price $3,475,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 28,533 sqft
Price per Sqft $121
MLS Listing ID 11717510
Sold Date 09/13/23
Annual Tax Amount $97,638
Tax Year 2021
Lot Dimensions 449.2X208.1X182.16X48.71X263.68X158.39
Property Sub-Type Mixed Use
Property Description
Offering the 28,533 square foot, 1.84-acre facility at 1807-1809 S Neil Street in Champaign, IL. The facility was extensively renovated in 2018 to become the home of Lodgic Everyday Community, a concept that offered co-working space, cafe, restaurant/bar, daycare facility, fitness center, and event space all under one roof. This one-of-a-kind facility is being offered as a turnkey purchase. All furniture, equipment, and furnishings are included in the sale price. The co-working space includes private offices, flexible workspaces, private call rooms, and meeting space all within a high-tech environment. The co-working space is approximately 7,685 SF. The restaurant/bar space includes seating for 84 in the restaurant and bar area as well as a private dining/conference room which seats 16. All kitchen/bar equipment are included in the sale. Additionally, the restaurant/bar can provide service to the event space which is approximately 1,680 SF. A cafe/coffeehouse is located just inside the front door with 1,250 SF and 34 seats. The cafe provides an opportunity for public use as well as providing service to the co-working space. Another unique offering is the existence of a daycare space which is licensed for 48 children. The daycare comprises 3,950 SF and has an additional 1,500 SF outdoor play area. A fitness center is located near the front cafe area and includes 3,824 SF leased on a long-term lease. The remaining square footage is comprised of common area space, restrooms, back service/mechanical areas. The building is situated just west of the intersection of Neil Street and St. Mary's Road, which provides immediate access to the University of Illinois campus and the University of Illinois Research Park. The University of Illinois is home to 55,000+ students and one of the premier public universities in the country. Average daily traffic counts for the Neil/St Mary's Road intersection is 19,900 vehicles. Buyer could utilize the existing floor plan/uses or creatively repurpose the building to allow for use of some features of the building.
Location
State IL
County Champaign
Area Champaign, Savoy
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Building
Level or Stories 1
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Bought with Jill Guth • GUTH & ASSOCIATES,LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "