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    41 E University Ave Champaign, IL 61820

    For Lease
    $17 SF/Yr

    Commercial Lease - Champaign, IL

    Days on Market:
    174
    Last Refresh:
    Dec 5 at 9:06 am

    Property Features for 41 E University Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1913
    Number of units
    1
    Flooring type
    Carpet
    Architectural style
    Other

    Ward & Associates, Realtors, Inc. (217) 355-1000 [email protected]

    Listing agent Debby Auble (217) 355-1000 License #471013006

    Listing date Jun 15, 2025

    MLS# 12079876 Listing URL

    Copyright © 2025 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.

    Overview

    Downtown Champaign Commercial Space Available

    This commercial space, located in downtown Champaign, Illinois, offers approximately 3400 square feet suitable for various professional uses. The layout includes a reception area, seven offices, and a walk-in vault, with three entrances providing flexible access. An elevator and public restrooms are available. The space was formerly occupied by law offices, real estate offices, and therapist offices. The property can be sub-divided to accommodate different tenant needs. Downtown Champaign features a mix of restaurants, microbreweries, pubs, and a cultural and arts scene. The area has mixed-use properties and multi-family developments, creating a residential population and a strong customer base. The property is located across the street from the Illinois Terminal hub, which provides inter-city bus service, rail passenger service, and local mass transit service. The University of Illinois, with over 55,000 students, is easily accessible. Public parking is available across the street, and private leased parking is also an option. The intended use of the property is for commercial purposes.
    Location Intelligence

    Current Use by Public Records

    Whole Body Health ... Naturopathic Practitioner TLT Properties Property Management Company Lynda Alper Counselor Blue Frog Restorations Building Restoration Service Champaign Van Rental Van Rental Agency

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Champaign
    County
    Champaign
    State
    Illinois
    Longitude
    -88.24219
    Latitude
    40.116035

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    FAQs

    What type of property is this?
    Office space - Versatile office space in vibrant downtown Champaign, Illinois.
    Where is this office space located?
    The property is located at 41 E University Ave Champaign, IL.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: - Prime downtown location directly across from Illinois Terminal (bus, rail, local transit).; - Approximately 3400 sq ft of flexible space, suitable for various professional uses.; - Potential for subdivision to accommodate multiple tenants.
    (217) 355-1000
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    Champaign, IL 61820
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    41 E University Ave Champaign, IL 61820
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