Street-Level Retail Space with
For Lease
$17.65 SF/Yr
41 E University Avenue #1, Champaign, IL 61821
First-floor commercial space offers window exposure, multiple treatment rooms, kitchen infrastructure, and two restrooms.
Space Size3,400 SF
Days on Market793
Property Features for 41 E University Avenue #1
General Information
Standard status
Active
Size
3,400 SF
Net Rentable
3,400 SF
Zoning
COMMR
Space & Availability
Available Space
3,400 SF
Contiguous Space
3,400 SF
Floor
1st
Space Use
Retail
Building Details
Year Built
1913
Stories
3
Listing Agency:
WARD & ASSOCIATES
(217) 355-1000
Listed By:
Debby Auble · License #471013006
Source:
Allinonerealestateco
Added: Jun 10, 2024
Changed: Aug 10
Last Checked: Aug 10 at 4:13AM
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 WARD & ASSOCIATES
Investment Insights
Based on property information with market context.
The first-floor suite at the Historic Traction Building provides approximately 3400 square feet of commercial space with a reception area, storage room, dressing room, four treatment rooms, kitchen, and two restrooms. Maple, ceramic tile, and vinyl tile flooring are installed throughout, and the space is HDA compliant. Large windows on the east and north sides bring in natural light and provide city views. Zoning is COMMR.
Located at 41 E University Avenue #1 in Downtown Champaign, the property sits across from the Illinois Terminal, which serves inter-city bus, rail passenger, and local mass transit services. Public parking is available across the street, with private lease parking also offered. Downtown amenities include restaurants, microbreweries, pubs, and cultural and arts destinations. The University of Illinois is readily accessible and has more than 55,000 students.
Located at 41 E University Avenue #1 in Downtown Champaign, the property sits across from the Illinois Terminal, which serves inter-city bus, rail passenger, and local mass transit services. Public parking is available across the street, with private lease parking also offered. Downtown amenities include restaurants, microbreweries, pubs, and cultural and arts destinations. The University of Illinois is readily accessible and has more than 55,000 students.
Key Highlights
- Approximately 3400 s.f. of first‑floor commercial space
- Reception area, storage room, dressing room, kitchen, and 4 treatment rooms
- 2 restrooms with maple, ceramic, and vinyl tile flooring
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.65 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,846
Businesses Nearby
27k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 80%
Shops & Services 12%
Dining 9%
County Market
Groceries
21,552 visits/mo
0.5 miles
AutoZone
Shops & Services
3,134 visits/mo
0.4 miles
Papa John's Pizza
Dining
2,333 visits/mo
0.5 miles
Demographics for 61821, IL
29,057
Population
13,751
Households
2.1
Avg Household Size
36
Median Age
50%
College-Educated
95%
High-School Grad
7.7 sq mi
ZIP Area
3,774
Density / Sq Mi
$69,284
Median Household Income
$40,225
Median Earnings
$1,001
Median Rent
$174,800
Median Home Value
Market
Lease Benchmarks for Champaign, IL
$18.44 /SF/Yr
Avg Asking Price
$12–$25 /SF/Yr
Price Range
11,101 SF
Avg Space Size
This space is priced 4% below the average of $18.44 /SF/Yr.
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - First-floor commercial space offers window exposure, multiple treatment rooms, kitchen infrastructure, and two restrooms.
Where is this retail space located?
The property is located at 41 E University Avenue #1 Champaign, IL.
What is the lease rate?
The lease rate is $17.65 SF/Yr.
What are key features of this property?
This property features: Approximately 3400 s.f. of first‑floor commercial space; Reception area, storage room, dressing room, kitchen, and 4 treatment rooms; 2 restrooms with maple, ceramic, and vinyl tile flooring
