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    502 W Clark St Champaign, IL 61820

    For Lease
    $10 SF/Yr ($14,520 /Mo)

    Commercial Lease - Champaign, IL

    Lot size:
    0.40 Acres
    Days on Market:
    51
    Last Refresh:
    Dec 11 at 10:06 am

    Property Features for 502 W Clark St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    Lot size
    0.40 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Architectural style
    Other

    The McDonald Group (217) 359-7971 [email protected]

    Listing agent Jacob Patterson (217) 359-7971 License #475166188

    Listing date Oct 22, 2025

    MLS# 12446105 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

    Champaign Office/Retail Space Available

    This office and retail space is centrally located in Champaign at the intersection of Clark Street and Elm Street. The property offers a private entrance, private bathrooms, a kitchenette area, and a reception/foyer area. A large, open workspace is present, and walls can be added to create private offices if desired. An additional open workspace is available. The space is located in a multi-tenant building with other business professionals and is privately managed by local professionals. Private on-site parking is available. The property benefits from natural light through the windows. The lot size is 0.4 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    O'Shea Builders General Contractor Gordon Thomas J Attorney Joseph H Lierman ... Attorney Anderson Sally W Counselor Stacy LaCour - LaCour ... Real Estate Agent

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Champaign
    County
    Champaign
    State
    Illinois
    Longitude
    -88.250457
    Latitude
    40.115543

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    FAQs

    What type of property is this?
    Office space - Centrally located office/retail space with private entrance and parking.
    Where is this office space located?
    The property is located at 502 W Clark St Champaign, IL.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - Centrally located at the intersection of Clark and Elm in Champaign.; - Private on-site parking available.; - Includes a private entrance and private bathrooms.
    (217) 359-7971
    Request Owner's contact information
    502 W Clark St Champaign, IL 61820
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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
    502 W Clark St Champaign, IL 61820
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