Renovated Retail/Office Space in
For Lease
Contact for pricing
112 E University Ave, Champaign, IL 61820
1742 SF retail/office space in Champaign's thriving Midtown.
Space Size1,742 SF
Days on Market169
Property Features for 112 E University Ave
General Information
Standard status
Active
Size
1,742 SF
Class
B
Property subtype
Retail, Office
Lease Type
NNN
Building Details
Year Built
1940
Tenancy
Single
Spaces For Lease
at 112 E University Ave Contact us- Size
- 1,742 SF
- Type
- Office, Retail
- Lease Type
- NNN
- Availability
- Active
Available Space
Listing Agency:
Guth & Associates
(217) 355-2545
Listed By:
Jill Guth · License #IL 471.020488
Source:
Crexi
Added: Mar 4
Changed: Aug 16
Last Checked: Aug 20 at 11:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Guth & Associates
Investment Insights
Based on property information with market context.
Located at 112 E. University Avenue in Midtown Champaign, this renovated 1,742 SF retail/office space is situated along the University Avenue corridor, near the intersection of First Street, providing access to Downtown Champaign and Campustown. Currently operating as a barber shop/salon, the space features hardwood floors, original tin ceilings, and a newer storefront with expansive windows for natural light and street visibility. The layout includes one restroom, one private room suitable for an office or treatment room, and two existing shampoo sinks. A full basement offers additional storage space. The building is fully sprinkled and includes newer mechanical systems. Dedicated on-site parking is available with 2 spaces, and potential for additional spaces to be negotiated. Customer parking is available in the lot immediately west of the building. The property is located in the revitalized Midtown corridor, benefiting from the resurgence of activity along University Avenue and First Street. The location provides connectivity to Downtown Champaign and the University of Illinois Urbana-Champaign campus. The current lease runs through 7/31/2026, with ability for early occupancy. It is suitable for a retail or office user.
Key Highlights
- Prime Midtown Location: Situated on University Avenue near First Street, offering seamless access to Downtown Champaign and Campustown.
- Renovated Retail/Office Space: Features 1,742 SF of beautifully renovated space with hardwood floors, original tin ceilings, and a newer storefront.
- High Visibility & Natural Light: Expansive windows provide outstanding natural light and street visibility.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.10 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
3,087
Businesses Nearby
Explore this area
Business Placement
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
$18.13 /SF/Yr
Avg Asking Price
$12–$25 /SF/Yr
Price Range
10,927 SF
Avg Space Size
This space is priced 23% below the average of $18.13 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - 1742 SF retail/office space in Champaign's thriving Midtown.
Where is this retail space located?
The property is located at 112 E University Ave Champaign, IL.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: Prime Midtown Location: Situated on University Avenue near First Street, offering seamless access to Downtown Champaign and Campustown.; Renovated Retail/Office Space: Features 1,742 SF of beautifully renovated space with hardwood floors, original tin ceilings, and a newer storefront.; High Visibility & Natural Light: Expansive windows provide outstanding natural light and street visibility.
