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Demisable Retail/Restaurant Suite
For Lease
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1413 N Prospect Avenue, Champaign, IL 61820

COMMERCIAL - Champaign, IL

Space SizeContact for details
Property Size2,553 SF
Days on Market51

Property Features for 1413 N Prospect Avenue

General Information

Property type Commercial Lease
Property subtype Retail
Zoning COMMR
Directions On the Corner of N Prospect Ave and Francis Dr.
Subdivision Champaign, Savoy
Standard status Active

Taxes and HOA fees

Tax Year 2025
Tax Description Lot 1 King's, Herman, 1st Sub
Tax Annual Amount 24633
Legal Description Lot 1 King's, Herman, 1st Sub

Utilities

Cooling system Central Air

Building Details

Year built 2022
Floors in Building 1
Number of units 1
Listing Agency: Green Street Realty
Listed By: Shannon Collins · License #ILLINOIS475.178418
Added: Jun 17 Changed: Aug 4 Last Checked: Aug 6 at 8:06AM
MLS# 12675692

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

The available 2,553 SF commercial suite is delivered in vanilla box condition, providing a clean, open layout that can be customized for a range of concepts. The space is configured to support flexibility, as the suite can be demised into two smaller units—an option for tenants that want a tailored footprint.

Located at 1413 N Prospect Avenue in Champaign, Illinois, the property is positioned in a highly visible corridor. Public remarks note strong frontage, excellent exposure to daily traffic, and convenient access, along with signage potential suited to a storefront-focused business model. Zoning is listed as COMMR.

This offering is a practical fit for retail, restaurant, or office users seeking a versatile ground-floor-style space with demising flexibility. The open plan supports tenant buildout, while the ability to split into two units can accommodate businesses that plan to expand, subdivide space, or match needs to a smaller operating layout. For operators and brokers evaluating sites in a high-exposure commercial strip, this suite’s frontage and adaptable configuration provide a straightforward path from occupancy to buildout.

Key Highlights

  • 2,553 SF commercial space on Prospect Ave in a highly visible, high‑traffic location
  • Central air cooling
  • Delivered in vanilla box condition with a clean, open layout

Property Analytics

Current Use

Chelsea's Video Poker ... Gambling House Health In Hand Massage ... Alternative Medicine Practice Dorsey Pam Alternative Medicine Practice Danville Gardens Too Garden Center

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon HVAC Service Building Supply Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

797
Businesses Nearby

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

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Demisable suite in vanilla box condition with strong frontage on Prospect Avenue for retail, restaurant, or office use.
Where is this retail space located?
The property is located at 1413 N Prospect Avenue Champaign, IL.
What are key features of this property?
This property features: 2,553 SF commercial space on Prospect Ave in a highly visible, high‑traffic location; Central air cooling; Delivered in vanilla box condition with a clean, open layout
More about this property
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