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Retail Space Available For Rent
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1502 N Prospect Ave, Champaign, IL 61820

Single tenant retail space available, approximately 2,600 square feet.

Space Size2,600 SF
Days on Market1446

Property Features for 1502 N Prospect Ave

General Information

Standard status Active
Size 2,600 SF
Property subtype Retail, Restaurant

Building Details

Building Size 2,600 SF
Tenancy Single

Spaces For Lease

at 1502 N Prospect Ave Contact us

Available Space 1

Size
2,600 SF
Type
Restaurant, Retail
Availability
Active
Contact us
Listing Agency: Pace Properties
Listed By: Ashley Krekovich · License #1999033116
Source: Crexi
Added: Sep 5, 2022 Changed: Aug 8 Last Checked: May 12 at 9:37PM

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 Pace Properties

Investment Insights

Based on property information with market context.

This is a single tenant retail space available for rent. The property offers approximately 2,600 square feet of space. It is suitable for retail or restaurant use.

Key Highlights

  • Single tenant
  • Retail property
  • 2,600 SqFt

Property Analytics

Current Use

Retail space

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

Lease Benchmarks for Champaign, IL

$18.13 /SF/Yr
Avg Asking Price
$12–$25 /SF/Yr
Price Range
10,927 SF
Avg Space Size

Vacancy Rate% for Retail in Midwest region

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

What type of property is this?
Retail space - Single tenant retail space available, approximately 2,600 square feet.
Where is this retail space located?
The property is located at 1502 N Prospect Ave Champaign, IL.
What are key features of this property?
This property features: Single tenant; Retail property; 2,600 SqFt
(314) 785-7613 Call to check price and availability
More about this property
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