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Tolono, IL Auto Shops for Sale

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Savoy, IL Champaign, IL Philo, IL Peoria, IL Urbana, IL Villa Grove, IL Sidney, IL Ivesdale, IL
Former Auto Dealership Campus
Updated: Apr 10
Former Auto Dealership Campus

316 W. Reynolds St., Tolono, IL 61880

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4.40 AC lot
Five commercial buildings totaling almost 30,000 sq ft on 4.4 acres in an Ozarks retail and commercial district
Main building is a former Ford new car dealership with almost 20,000 sq ft for showroom, offices, service/parts, shop, and waiting room
Over 200 parking spaces and 3 roll‑up doors approximately 16–18 ft high
Includes canopy space: 2,100 sq ft (NW) and 960 sq ft (SE)
Additional buildings include a 6,500 sq ft body shop, a 2,300 sq ft former parts store, and two 3,000 sq ft metal buildings
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See what stands out in Champaign County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Tolono, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Mixed-Use Building with Event Space
Mixed-Use Building with Event Space

147 N Walnut St, Danville, IL 61832

$259,900
23,236 sqft

Flexible commercial building with office areas, event rooms, a chef’s kitchen, and a repair-capable garage.

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Transmission Repair Business and Property
Transmission Repair Business and Property

1519 N Willis Ave, Champaign, IL 61821

$575,000
4,510 sqft

Well-equipped auto shop with established business for sale.

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Mixed-Use Building with Event Space
Mixed-Use Building with Event Space

147 N Walnut Street, Danville, IL 61832

$259,900
0.28 AC lot

Multi-level layout includes offices, a commercial kitchen, garage, and performance areas.

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Former Auto Sales Facility
Former Auto Sales Facility

915 W Bloomington Rd, Champaign, IL 61821

$475,000
3 sqft

3,168 SF building with office and garage space for sale.

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Tolono, IL Auto Shops Market Trends and Statistics

Explore 1 auto shops for sale in Tolono, IL on our real estate platform.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Auto shops 1

Demographics Overview

Population 4,558
Population Growth (5Y) +19.0%
Median Household Income $89,139
College Educated 37.9%

Taxes & Financing

Tax Rate (average for all types) 6.41%
Property Tax per SF $7.72 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Champaign County

New Delisted

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