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    501 S Mattis Ave Champaign, IL 61821

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    For Lease
    $16 SF/Yr ($3,377 /Mo)

    Retail space with open floor plan available for lease.

    Property size:
    2,533 SF
    Lot size:
    1.23 Acres

    Property Features for 501 S Mattis Ave

    General Information

    Size
    2,533 SF
    Lot size
    1.23 Acres

    Source: Coldwell Banker Commercial Devonshire Realty Agent Zach Wetherell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space on Mattis Avenue

    Suite A, a 2,533-square-foot retail space, is located on Mattis Avenue between FedEx Kinko’s and Raw Fitness. Formerly a tanning business, the space features a wide open floor plan and an open ceiling, providing a 10-foot clear ceiling height. The layout includes one restroom, a utility/storage room, and one office. Several small tanning rooms will be removed upon tenant vacancy to further open up the space. This is a NN lease, where the tenant is responsible for their prorated share of real estate taxes and building insurance. The landlord covers CAM charges. The current NN expenses for 2025 are estimated at $4.16 per square foot.
    Insight Report Location Intelligence

    Current Use by Public Records

    Raw Fitness Personal ... Personal Trainer McDonald's Fast Food Restaurant Raw Fitness and Strength ... Physical Fitness Program ATM (ATM Link, ... Atm Dotty's Slots and Video ... Gambling House

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Champaign
    County
    Champaign
    State
    Illinois
    Longitude
    -88.2774213
    Latitude
    40.1205906

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    FAQs

    What type of property is this?
    Retail space - Retail space with open floor plan available for lease.
    Where is this retail space located?
    The property is located at 501 S Mattis Ave Champaign, IL.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic location on Mattis Avenue, between FedEx Kinko’s and Raw Fitness.; - Spacious 2,533 SF with open floor plan.; - 10' clear ceiling height.
    (217) 821-8553
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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
    501 S Mattis Ave Champaign, IL 61821
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