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118 N Walnut Street, Champaign, IL 61820
$950,000
118 N Walnut Street, Champaign, IL 61820View this property at 118 N Walnut Street, Champaign, IL 61820
118 N Walnut StreetChampaignIL61820
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Property Description
A great investment opportunity in downtown Champaign that you won't want to miss! Discover the epitome of charm and character in this remarkable commercial property boasting a unique atmosphere that marries history and modernity in the first-floor retail space and additional units. This exceptional offering is an extraordinary opportunity for entrepreneurs, investors, and visionaries alike with endless opportunities. Key Features: Distinctive Atmosphere: Step into a world of character and ambiance as you enter this one-of-a-kind establishment. The property showcases 14-foot ceilings that create an expansive and inviting space. The woodwork throughout the building adds an authentic touch to the decor. This property consists of five units that are currently utilized for Airbnb accommodations. It represents a fantastic investment opportunity with substantial income potential. The property's current use as short-term rentals positions it well for generating consistent and lucrative returns. Functional Basement: The property's full basement is partially finished and equipped with essential mechanicals, including a built-in cooler and an office space. This basement area can serve as valuable storage or operational space. This outstanding commercial real estate opportunity offers a unique blend of historical charm, income potential, and strategic location. If you're an experienced entrepreneur looking to expand your portfolio, this property promises an exceptional return on investment.
Full Property Details
Full Property Details for 118 N Walnut St
General
- Price: $950,000
- Taxes: $5,739 (2022)
- Status: Active
- Type: Business
- MLS ID: 11913446
- Updated: 3/29/2024
- Added to Site: 192 day(s) ago
Business
- Business Type: Bar/Tavern/Lounge
- Years in Business: 7 to 10 Ye
Interior
- Interior Features: Multi-Tenant, Private Restroom(s), Public Restroom(s), Storage Inside
Location
- Area: Champaign, Savoy
- County: Champaign
- Driving Directions: Walnut St in Downtown Champaign
- Location Details: Central Business District
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Building Heat, Gas
Structural Information
- Stories/Levels: 3
- Square Feet: 2,653
- Current Bldg. Use: Commercial
Lot Features
- Lot Size (Sq. Ft.): 1,610
- Lot Size Range: .25 to .49 Acre
- Lot Dimensions: 20 x 80
- Frontage: City Street
- Potential Use: Commercial, Other
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Tax Amount: $5,739.1
- Tax Year: 2022
- Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Taxes, Insurance, Repairs, Roof, Structure, Tax Stops, Sewer
Disclosures and Reports
- Property ID: 422012435003
Listed by Keller Williams-Trec
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Schools
Schools serving 118 N Walnut St
School District:Champaign Community Unit School District 4
Rating | Name | Grades | Distance |
---|---|---|---|
610 W University Ave, Champaign, IL 61820 | 9-12 | 0.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 118 N Walnut St
Date
Details
Price
Change
Source
10/20/2023
Listed
$950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 118 N Walnut St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$5,739
9%
$62,410
8%
2021
$5,284
—
$57,720
—
2020
$5,292
3%
$57,720
2%
2019
$5,122
2%
$56,530
2%
2018
$5,007
—
$55,640
—
2017
$5,028
12%
$55,640
2%
2016
$4,507
-1%
$54,490
2%
2015
$4,542
1%
$53,530
—
2014
$4,503
1%
$53,530
—
2013
$4,463
2%
$53,530
-2%
2012
$4,379
—
$54,620
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 118 N Walnut St
118 N Walnut Street, Champaign, IL 61820 (MLS# 11913446) is a Business property. 118 N Walnut Street is currently listed for $950,000 and was received on October 20, 2023. Want to learn more about 118 N Walnut Street? Do you have questions about finding other Business real estate for sale in Champaign? You can browse all Champaign real estate or contact a Coldwell Banker agent to request more information.