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First-Floor Retail Space
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105 S Walnut Street, Champaign, IL 61820

Commercial Lease, Champaign, IL

Space Size1,261 SF
Days on Market426

Property Features for 105 S Walnut Street

General Information

Property type Commercial Lease
Property subtype Office
Zoning COMMR
Directions Located in the historic Atkinson Building just south of intersection of University Avenue and Walnut.
Subdivision Champaign, Savoy
Standard status Active

Taxes and HOA fees

Tax Description LOT PT 3 BLOCK 9 RAILROAD ADD AND OTHER LAND
Legal Description LOT PT 3 BLOCK 9 RAILROAD ADD AND OTHER LAND

Utilities

Cooling system Central Air

Amenities

large storefront windows
tall ceilings
completely open

Building Details

Year built 1910
Floors in Building 2
Listing Agency: Green Street Realty
Listed By: Shannon Collins · License #475178418
Added: Jul 3, 2025 Changed: Aug 20 Last Checked: Sep 1 at 12:06PM
MLS# 12410322

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 1,261 SF commercial suite occupies the first floor of a building constructed in 1910. The interior is largely open, with tall ceilings that allow flexibility in planning the layout. Large storefront windows provide visibility from both pedestrian and drive-by traffic. Central air conditioning serves the space, which is positioned for office or retail use.

The property is located in downtown Champaign at 105 S Walnut Street. Existing bathrooms are currently located on the second floor within the commercial space above. Installation of a first-floor ADA-compliant bathroom may be negotiated. The property is zoned COMMR and is available for lease.

Key Highlights

  • 1,261 SF first‑floor commercial suite
  • Open interior with tall ceilings
  • Large storefront windows

Property Analytics

Current Use

Ten Thousand Villages (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Auto Parts Store Electrical Service Grocery & Convenience Store Storage Facility Furniture & Home Goods Pet Grooming 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

2,534
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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Open commercial suite with tall ceilings, large storefront windows, and central air.
Where is this retail space located?
The property is located at 105 S Walnut Street Champaign, IL.
What are key features of this property?
This property features: 1,261 SF first‑floor commercial suite; Open interior with tall ceilings; Large storefront windows
More about this property
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