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Downtown Champaign Retail Opportunity

500 N Market St, Champaign, IL

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Redeveloped retail spaces in downtown Champaign, ranging from 1,782-5,990 SF.

Type:RETAIL

Property size:

4,143 SF

Lot size:

1.08 Acres

HighLights

Located in downtown Champaign, poised to become the premier social hub.
Mixed‑use redevelopment suitable for retail, boutiques, art studios, galleries, coffee shops, breweries, and restaurants.
Vintage, urban industrial design with unique architectural features and flexible layouts.
Ample on‑site parking and walkability from new downtown residential development.
Tenant spaces available from 1,782 SF to 5,990 SF within a 40,000 SF building on a 1.5‑acre site.
Individual spaces delivered with storefront, finished demised space, electrical and lighting to code, sealed concrete floor, 1 ADA restroom, and separate HVAC & Electrical.

We can help!

Listing Contact

AJ Thoma III

Learn more

For Lease

Contact for pricing

Redeveloped retail spaces in downtown Champaign, ranging from 1,782-5,990 SF.

Type:RETAIL

Property size:

4,143 SF

Lot size:

1.08 Acres

Added:: May 10, 2024
Days on Market:: 775
Last Refresh:: May 20 at 8:22 pm

Property Features for 500 N Market St

General Information

Standard status: Active
Size: 4,143 SF
Lot size: 1.08 Acres
Property subtype: RETAIL

Spaces For Lease

at 500 N Market St Contact us

We can help!

Listing Contact

AJ Thoma III

Listing agent AJ Thoma III

Listing office Coldwell Banker Commercial Devonshire Realty

Listing date May 10, 2024

Source Moodyscre

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 Coldwell Banker Commercial Devonshire Realty

HighLights

Located in downtown Champaign, poised to become the premier social hub.
Mixed‑use redevelopment suitable for retail, boutiques, art studios, galleries, coffee shops, breweries, and restaurants.
Vintage, urban industrial design with unique architectural features and flexible layouts.
Ample on‑site parking and walkability from new downtown residential development.
Tenant spaces available from 1,782 SF to 5,990 SF within a 40,000 SF building on a 1.5‑acre site.
Individual spaces delivered with storefront, finished demised space, electrical and lighting to code, sealed concrete floor, 1 ADA restroom, and separate HVAC & Electrical.

Overview

Located in downtown Champaign, this mixed-use redevelopment features an attractive site design with a vintage, urban industrial vibe. New Market Commons is intended to become a premier social hub, suitable for destination retail, boutiques, art studios, galleries, coffee shops, breweries, and original restaurants. The adaptive re-use of the building ensures each tenant space has an atmosphere filled with character, unique architectural features, and flexible layouts, with some spaces offering outdoor seating or retail areas. The property benefits from walk-ability from a new major downtown residential development and ample on-site parking, making it accessible to both pedestrians and drivers. New Market Commons is a re-purposed building project consisting of roughly 40,000 square feet on a 1.5-acre site at the northeast edge of the revitalized Downtown Champaign. Currently, there are 6 tenant spaces available, ranging from 1,782 square feet to 5,990 square feet. Construction and renovation began in Spring 2018 and were completed in Fall 2018. Individual spaces are delivered with storefront elevations, finished demised space, electrical and lighting to code, sealed concrete floors, one ADA restroom, and separate HVAC and electrical systems. The owner is willing to consider additional build-out for qualified tenants.

Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Location Insight

Map
Local Demand

City: Champaign
County: Champaign
State: Illinois
Longitude: -88.2396
Latitude: 40.1207

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For lease
Retail space
IL
Champaign
500 N Market St

What type of property is this?

Retail space - Redeveloped retail spaces in downtown Champaign, ranging from 1,782-5,990 SF.

Where is this retail space located?

The property is located at 500 N Market St Champaign, IL.

What is the lease rate?

The lease rate is $27 SF/Yr.

What are key features of this property?

This property features: Located in downtown Champaign, poised to become the premier social hub.; Mixed‑use redevelopment suitable for retail, boutiques, art studios, galleries, coffee shops, breweries, and restaurants.; Vintage, urban industrial design with unique architectural features and flexible layouts.

500 N Market St, Champaign, IL

Redeveloped retail spaces in downtown Champaign, ranging from 1,782-5,990 SF.

Property Features for 500 N Market St

General Information

Spaces For Lease

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Lease

Restaurant Space Near University Campus

Move-In Ready Office Suite

IL, Champaign – N. Randolph St

Downtown Champaign Commercial Space Available

Climate-Controlled Warehouse with Office Space

Remodeled Office and Warehouse Space

Downtown Champaign Office Space Available

Demisable Retail/Restaurant Suite

Unique Commercial Unit in Champaign

Champaign Workshop/Flex Space Available

Versatile Flex Space Available

Class A Office Building

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