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    320 N Chestnut St Champaign, IL 61820

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    For Lease
    $15 SF/Yr ($16,125 /Mo)

    Two-level commercial space in downtown Champaign with parking.

    Property size:
    12,900 SF
    Lot size:
    4.78 Acres

    Property Features for 320 N Chestnut St

    General Information

    Size
    12,900 SF
    Lot size
    4.78 Acres

    Source: Coldwell Banker Commercial Devonshire Realty Agent Alan Nudo

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

    Overview

    Downtown Champaign Commercial Space Available

    The front two-level portion of a 12,900 square foot building offers approximately 5,300 square feet of space on Walnut Street in downtown Champaign. The building's other two portions are single level, each approximately 3,800 square feet. The front portion of the building can accommodate one or two tenants and is suitable for a variety of commercial uses. The single-level portion of the building could house one or more tenants. This section features high ceilings and open spaces, making it adaptable for various commercial purposes. An adjacent large parking lot, owned by the landlord, provides unique parking options for customers, a feature not commonly available to other downtown businesses.
    Insight Report Location Intelligence

    Current Use by Public Records

    Black Dog Smoke ... Barbecue Restaurant Illinois Central RR ... Historical Landmark

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Champaign
    County
    Champaign
    State
    Illinois
    Longitude
    -88.240231
    Latitude
    40.118108

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    FAQs

    What type of property is this?
    Office space - Two-level commercial space in downtown Champaign with parking.
    Where is this office space located?
    The property is located at 320 N Chestnut St Champaign, IL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - Prime downtown Champaign location on Walnut Street; - Substantial 5,300 SF two-level space suitable for one or two tenants; - Versatile commercial use potential for both two-level and single-level portions
    (217) 840-3865
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    320 N Chestnut 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
    320 N Chestnut St Champaign, IL 61820
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