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Retail Space with Flexible Layout
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1413 N Prospect Avenue, Champaign, IL 61820

Commercial Lease, Champaign, IL

Space Size2,553 SF
Days on Market78

Property Features for 1413 N Prospect Avenue

General Information

Property type Commercial Lease
Property subtype Retail
Zoning COMMR
Directions On the Corner of N Prospect Ave and Francis Dr.
Subdivision Champaign, Savoy
Standard status Active

Taxes and HOA fees

Tax Year 2025
Tax Description Lot 1 King's, Herman, 1st Sub
Tax Annual Amount 24633
Legal Description Lot 1 King's, Herman, 1st Sub

Utilities

Cooling system Central Air

Building Details

Year built 2022
Floors in Building 1
Number of units 1
Listing Agency: Green Street Realty
Listed By: Shannon Collins · License #475178418
Added: Jun 17 Changed: Aug 20 Last Checked: Sep 2 at 4:06AM
MLS# 12675692

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 2,553-square-foot retail space was built in 2022 and is delivered in vanilla box condition, providing an open interior for tenant-specific improvements. Central air is in place, and the suite can be divided into two smaller units for a more tailored configuration. The property is zoned COMMR.

Located at 1413 N Prospect Avenue in Champaign, the space offers frontage along Prospect Avenue with exposure to daily traffic. Signage potential and convenient access support a range of retail, restaurant, and office uses.

Key Highlights

  • 2,553 SF commercial suite
  • 2022 construction with vanilla box delivery
  • Open layout suited to tenant customization

Property Analytics

Current Use

Chelsea's Video Poker ... Gambling House Health In Hand Massage ... Alternative Medicine Practice Dorsey Pam Alternative Medicine Practice Danville Gardens Too Garden Center

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon HVAC Service Building Supply Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

797
Businesses Nearby

Demographics for 61820, IL

40,822
Population
18,672
Households
2.2
Avg Household Size
25
Median Age
55%
College-Educated
93%
High-School Grad
5.9 sq mi
ZIP Area
6,919
Density / Sq Mi
$31,031
Median Household Income
$14,828
Median Earnings
$1,077
Median Rent
$175,900
Median Home Value

Market

Lease Benchmarks for Champaign, IL

$18.5 /SF/Yr
Avg Asking Price
$15–$23 /SF/Yr
Price Range
9,919 SF
Avg Space Size

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Vanilla box suite with central air, signage potential, and the option to create two smaller units.
Where is this retail space located?
The property is located at 1413 N Prospect Avenue Champaign, IL.
What are key features of this property?
This property features: 2,553 SF commercial suite; 2022 construction with vanilla box delivery; Open layout suited to tenant customization
More about this property
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