Champaign, IL Commercial Land for Sale

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Updated: Aug 5

Commercial Development Land

2712 N Neil Street, Champaign, IL 61820

$700,000

10.13 AC lot

10.13 acres of commercial development land
Two parcels included in the property
East side of North Neil Street between Twins Drive and Interstate Drive
North of Costco and Market Place Mall
Natural gas available

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Updated: Feb 18

Champaign Commercial Land For Sale

4202 Nicklaus Drive, Champaign, IL 61822

$750,000

1.92 AC lot

1.92‑acre CN (Neighborhood Commercial) lot in desirable southwest Champaign
Ideal for small offices, convenience retail, or neighborhood services
Located near Care at the Fields and surrounded by residential apartments
Excellent visibility and access to a built‑in customer base
Zoning allows for diverse businesses: offices, retail, coffee shops, salons

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Prime Commercial Land in Champaign

803 N Mattis Avenue, Champaign, IL 61821

$465,000

1.89 AC lot

1.89-acre commercial land in high-visibility Champaign location.

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Champaign Commercial Lot on I-57

1701 Rion Drive, Champaign, IL 61822

$675,000

3 sqft

3.28 acre commercial lot in Olympian North Business Park.

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Champaign Land For Sale

1504 Newton Drive, Champaign, IL 61822

$225,000

2.08 AC lot

2.31-acre lot in Interstate Research Park, northwest Champaign.

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Champaign Commercial Land Opportunity

1202 W Anthony Dr, Champaign, IL 61821

$910,000

4 sqft

4.63-acre commercially zoned land in Champaign's retail district.

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Prime Development Land in Champaign

214 S Walnut St, Champaign, IL 61820

$2,100,000

28 sqft

28,970 SF development site in a dense Champaign location.

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Development Site in Retail Corridor

802 W. Anthony Drive, Champaign, IL 61822

$2,180,140

2 sqft

2.5-acre commercial land in a high-visibility retail corridor.

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Prime Development Land in Champaign

210 S Walnut St, Champaign, IL 61820

$1,900,000

28 sqft

28,662 SF development land in Champaign, Illinois for sale.

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Champaign Development Land For Sale

302 S Market St, Champaign, IL 61820

$2,200,000

89 sqft

Prime development land in Champaign, Illinois, with flexible zoning.

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Prime Development Land in Champaign

234 S. Neil Street, Champaign, IL 61820

$5,950,000

3 sqft

3.307 acres of development land in Champaign, Illinois.

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Prime Commercial Land for Development

812 W Interstate Dr, Champaign, IL 61822

$695,000

1 sqft

1.25-acre site with utilities and frontage on N Prospect retail.

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Development Land with Existing Office

208 E Springfield Avenue, Champaign, IL 61820

Contact for pricing

4,400 sqft 0.26 AC lot

0.26-acre site with a 4,400 SF building and all utilities available in the MFUniv District.

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Champaign Commercial Land for Sale

4403 Legends Drive, Champaign, IL 61822

Contact for pricing

13 sqft

Prime commercial development land in southwest Champaign, Illinois.

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Champaign Land for Office/Retail

West Curtis Road & South Mattis Avenue, Champaign, IL 61822

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35 sqft

Office and retail lots available in southwest Champaign.

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Undeveloped Land in Champaign

Curtis Road & South Mattis Avenue Southwest Quad, Champaign, IL 61822

Contact for pricing

32 sqft

32.855 acres of land for commercial and multifamily development.

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Zoned Multi-Family Development Land

35 W Olympian Drive, Champaign, IL 61822

$1,400,000

Development land at N Market St and W Olympian Dr with MF1 zoning and documented AADT traffic counts.

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Highway-Visible Commercial Outlot

913 W Marketview Dr, Champaign, IL 61822

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24,198 sqft 3.00 AC lot

Available for development with a bank space option and pylon signage, joining major retailers off Interstate 74.

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Commercial Lot on Retail Corridor

2123 S Neil St (approximate location), Champaign, IL 61820

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0.55 AC lot

Buildable commercial lot with frontage on South Neil Street, part of the Shoppes of Knollwood development.

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Champaign Commercial Land For Sale

4202 Nicklaus Dr, Champaign, IL 61822

Contact for pricing

1.92 AC lot

1.92-acre commercial lot in Champaign, ideal for development.

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Champaign Development Site on Market

Wood Duck Ln, Champaign, IL 61820

$2,212,848

18 sqft

Divisible 18.8-acre development site with frontage on Market Street.

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CB2 Development Land with High Limit

214 S Walnut St, Champaign, IL 61820

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19,800 sqft 0.67 AC lot

Two-parcel development site zoned CB2, allowing up to 115’ height and no setback, OSR, or FAR requirements.

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Divisible Mixed-Use Development Land

2744 Hunters Pond Run, Champaign, IL 61820

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7.60 AC lot

Divisible development site offering nearly 1,500 feet of Market Street frontage and mixed CO and CG zoning.

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Divisible Commercial Development Land

4403 Legends Dr, Champaign, IL 61822

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13.00 AC lot

Commercial development land offers approximately 13 acres that can be divided for future projects.

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Champaign, IL Commercial Land Market Trends and Statistics

Explore 72 commercial land for sale in Champaign, IL, showcased through 46 active listings on our real estate platform. These investment opportunities span a total of 7,099,198 square feet of properties for sale, with an estimated market value of $22,362,988.

Sale prices for commercial lots in Champaign, IL start at $225,000, averaging $1,597,356, and reaching up to $5,950,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 96K

Population Growth (5Y) +1.5%

Median Household Income $62,086

College Educated 42.5%

High-Yield Neighborhoods for Investment

Identify Champaign submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
61821	$613.3K
61822	$912.5K
61820	$2.9M

Taxes & Financing

Tax Rate (average for all types) 8.86%

Property Tax per SF $37.00 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Champaign County

New Delisted

Property Size Breakdown

The majority of commercial real estate listings in Champaign fall within the under-1-acre range.

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