Historic Downtown Retail
For Lease
Contact for pricing
312 N Walnut St, Champaign, IL 61820
Flexible multi-tenant space with open layouts, high ceilings, and access to a landlord-owned parking lot.
Space Size3,800 SF - 12,900 SF
Days on Market1366
Property Features for 312 N Walnut St
General Information
Standard status
Active
Size
3,800 SF - 12,900 SF
Net Rentable
3,800 SF
Total Parking Spaces
50
Property subtype
Retail, Office, Industrial
Lease Type
NNN
Space & Availability
Available Space
3,800-12,900 SF
Contiguous Space
5,300 SF
Divisible
Yes
Lease Terms
Monthly Rent
$4,750-$21,500
Rent per SF/Year
$15-$20
Building Details
Building Size
12,900 SF
Year Built
1923
Tenancy
Multiple
Spaces For Lease
at 312 N Walnut St Contact us- Size
- 5,300 SF
- Type
- Industrial, Office, Retail
- Lease Type
- NNN
- Availability
- Active
Front two-level portion $15 – $20/SF/Yr
- Size
- 3,800 SF
- Type
- Industrial, Office, Retail
- Lease Type
- NNN
- Availability
- Active
Single level portion of building $15 – $20/SF/Yr
- Size
- 12,900 SF
- Type
- Industrial, Office, Retail
- Lease Type
- NNN
- Availability
- Active
FANTASTIC MULTI-COMMERCIAL USE OPPORTUNI $15 – $20/SF/Yr
Listing Agency:
Coldwell Banker Commercial Devonshire Realty
(217) 351-7653
Listed By:
Alan Nudo · License #475122494
Source:
Crexi
Added: Dec 3, 2022
Changed: Aug 29
Last Checked: Aug 29 at 3:17PM
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
Investment Insights
Based on property information with market context.
The property includes a two-level front section with approximately 5,300 SF and two additional single-level areas of approximately 3,800 SF each within a 12,900 SF building. The front section can accommodate one or two tenants, while the single-level areas may support one or more occupants. High ceilings and open interiors allow for a range of commercial uses.
Located on Walnut Street in downtown Champaign, the building benefits from an adjacent large parking lot owned by the landlord. Traffic counts are 4,650 on Walnut Street and 2,300 on Main Street. The 1923 building is listed on the National Register of Historic Places, potentially allowing access to renovation tax credits for eligible parties. Lease structure is NNN, with responsibilities based on current assessment values.
Located on Walnut Street in downtown Champaign, the building benefits from an adjacent large parking lot owned by the landlord. Traffic counts are 4,650 on Walnut Street and 2,300 on Main Street. The 1923 building is listed on the National Register of Historic Places, potentially allowing access to renovation tax credits for eligible parties. Lease structure is NNN, with responsibilities based on current assessment values.
Key Highlights
- 12,900 SF building with approximately 5,300 SF in the two‑level front section
- Two additional single‑level portions of approximately 3,800 SF each
- Flexible configuration for one or more tenants across multiple spaces
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
2,411
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 3% 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 - Flexible multi-tenant space with open layouts, high ceilings, and access to a landlord-owned parking lot.
Where is this retail space located?
The property is located at 312 N Walnut 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: 12,900 SF building with approximately 5,300 SF in the two‑level front section; Two additional single‑level portions of approximately 3,800 SF each; Flexible configuration for one or more tenants across multiple spaces
