| Sealed Bid Auction | |
|---|---|
| NRC is pleased to offer this closed truck stop and development land, immediately off I-57, for sale by Sealed Bid Auction. The bid deadline is October 27th, early offers will be considered. Log-in to your NRC.com account for additional information about the property and to download the Due Diligence Materials and Bid Package. | |
| Property Description | |
|---|---|
| The property is a closed truck stop with an 800 sf convenience store, 6 multi-product pump dispensers for gas and diesel, and highway signage on 11.2 acres, including 6.7 acres of development land. Ownership is in the process of removing the underground storage tanks due to their age and the CAT scales are being removed to enable an improved site configuration. Ideal location for building a large format travel center, quick-service restaurants, hotel, retail, or entertainment facility, given I-57 visibility and a lack of competition in the immediate area. | |
| Location Description | |
|---|---|
| The property sits in unincorporated Champaign County, immediately off I-57 with "Easy Off, Easy On" access from exit 229. The site benefits from 23,100 vehicles per day passing by this exit and 3,700 passing by the property. The location outside of Champaign city limits, but only 7.5 miles from the University of Illinois at Champaign-Urbana, means the truck stop operator avoids having to pay the Illinois "Road Tax" on fuel sales. | |
| Property Information | |
|---|---|
| Bid Deadline | October 27th |
| Offering | Closed Truck Stop |
| Ownership | Fee |
| Building Size (approx.) | 800 sf |
| Lot Size (approx.) | 11.2 acres (4.5 ac Truck Stop and 6.7 ac Development Land) |
| Major Cross Streets | CR 1000N & Just east of I-57 Exit 229 |
| Underground Storage Tanks (UST) | The 5 USTs onsite are scheduled to be removed by the Seller by September 2020 due to their age. Following removal, the State of Illinois-approved contractor will remediate any contamination discovered. The project is being funded and completed under the Illinois Underground Storage Tank (UST) Fund. |
| Broker Information | |
|---|---|
| Contact David Levy, 312-909-1696 or david.levy@nrc.com for more information. | |
| Notes | |
|---|---|
| Buyer's Premium: 1% payable at closing. Although information has been obtained from sources deemed reliable, NRC Realty & Capital Advisors, LLC, the Seller, and/or its representatives, brokers or agents make no guarantees as to the accuracy of the information contained herein, and offer the Property without expressed or implied warranty of any kind. Lot and building sizes are approximate. Property may be withdrawn at any time without notice. NRC Realty & Capital Advisors, LLC, Lic.# 481.010135 | |