Conventional Restaurant

Champaign, IL Conventional Restaurants for Sale

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Urbana, IL Savoy, IL East Peoria, IL Philo, IL Tolono, IL Mahomet, IL Peoria, IL Thomasboro, IL
Top-Performing Panera Bread For Sale
Updated: Mar 27
Top-Performing Panera Bread For Sale

1903 Convenience Pl, Champaign, IL 61820

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4,980 sqft
Top‑performing Panera Bread location, ranking in the top 5% of stores nationwide.
Corporate‑guaranteed NN lease extended through December 2033, providing long‑term income stability.
Estimated annual sales of approximately $4.7 million, demonstrating exceptional unit‑level performance.
Located in Champaign's dominant retail corridor near Market Place Shopping Center and the University of Illinois.
Lease structure includes 10% rental increases in renewal options, offering built‑in long‑term income growth.
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Turnkey Restaurant Space with Patio
Updated: Apr 12
Turnkey Restaurant Space with Patio

2135 S Neil St, Champaign, IL 61820

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1,600 sqft
1600 SF restaurant space in a retail shopping center setting
Indoor and outdoor dine‑in seating
Previously operated as a quick service restaurant
Located in Champaign, IL near Memorial Stadium and State Farm Center
Includes ample, well‑lit parking
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Drive-Through Restaurant Portfolio
Drive-Through Restaurant Portfolio

1903 Convenience Place, Champaign, IL 61820

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15,186 sqft

Three Panera Bread locations offered with corporate-guaranteed NN lease terms through 2033 and scheduled rent increases.

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Single-Tenant Corner Restaurant Net-Lease
Single-Tenant Corner Restaurant Net-Lease

202 W Anthony Dr., Champaign, IL 61822

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Net-leased chophouse operated by Alexander’s Steakhouse with corner frontage along N. Neil and the I-74 frontage road.

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Fully Renovated Bar Restaurant
Fully Renovated Bar Restaurant

1906 W Bradley Ave, Champaign, IL 61821

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Move-in ready bar/restaurant space is fully renovated and currently occupied by a month-to-month tenant.

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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 5 Active listings in Champaign, 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.

Historic Restaurant and Residence Building
Historic Restaurant and Residence Building

101 W Sale Street, Tuscola, IL 61953

$400,000
2,850 sqft

Turn-key restaurant space with residential areas above, including a nearly finished apartment and an additional unfinished level.

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Freestanding Grocery and Convenience Store
Freestanding Grocery and Convenience Store

306 W Springfield Avenue W, Urbana, IL 61801

$1,300,000
0.61 AC lot

Freestanding facility with refrigeration, frozen storage, bakery, kitchen, and café areas.

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Freestanding Grocery and Cafe Building
Freestanding Grocery and Cafe Building

306 W Springfield Avenue W, Urbana, IL 61801

$1,300,000

Free-standing building with bakery, kitchen, refrigeration, and cafe space, currently operating as a food market.

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Connected Historic Commercial Kitchens
Connected Historic Commercial Kitchens

103 & 105 W Sale Street, Tuscola, IL 61953

$390,000

Two linked historic buildings combine a specialized kitchen, customer-facing space, storage, and adaptable storefront areas.

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Champaign, IL Conventional Restaurants Market Trends and Statistics

Explore 5 conventional restaurants for sale in Champaign, IL, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 21,766 square feet of properties for sale.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Conventional restaurants 11
Drive through restaurants 7
Bars & Pubs 4
Commercial kitchens 4
Coffee shops 1

Demographics Overview

Population 96K
Population Growth (5Y) +1.5%
Median Household Income $62,086
College Educated 42.5%

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 100,000+ square foot range.

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