Retail Space with
For Sale
Contact for pricing
1706 S State St, Champaign, IL 61820
The offering combines leasehold improvements with a land lease carrying CPI-based escalations and renewal options.
Property Size6,584 SF
Days on Market142
Property Features for 1706 S State St
General Information
Standard status
Active
Size
6,584 SF
Total Parking Spaces
40
Property subtype
Retail
Additional Details
Asking Price
$700,000
Building Details
Buildings
1
Listing Agency:
Ramshaw Real Estate, Inc.
(217) 359-3131
Listed By:
Jordan Dunahee · License #IL 475181066
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 8:57AM
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 Ramshaw Real Estate, Inc.
Investment Insights
Based on property information with market context.
This retail property includes 6,584 SF of leasehold improvements within a dedicated building, along with a paved parking area accommodating 40 vehicles. Additional land is included for potential parking expansion.
The property is located at 1706 S State St in Champaign, Illinois. The purchase includes the underlying land lease, which has 48 years remaining on its current term, 10-year renewal options, and escalations tied to the CPI.
The combination of an existing retail building, on-site parking, additional land, and extended lease-term provisions provides a defined physical and contractual framework for the offering.
The property is located at 1706 S State St in Champaign, Illinois. The purchase includes the underlying land lease, which has 48 years remaining on its current term, 10-year renewal options, and escalations tied to the CPI.
The combination of an existing retail building, on-site parking, additional land, and extended lease-term provisions provides a defined physical and contractual framework for the offering.
Key Highlights
- 6,584 SF leasehold‑improvement building
- Parking lot with 40 spaces
- Additional land available for future parking
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,048
Businesses Nearby
99k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 93%
Shops & Services 6%
Electronics 1%
McDonald's
Dining
45,180 visits/mo
0.1 miles
Taco Bell
Dining
17,563 visits/mo
0.2 miles
Starbucks
Dining
10,657 visits/mo
0.4 miles
Meatheads
Dining
5,136 visits/mo
0.3 miles
Smoothie King
Dining
4,022 visits/mo
0.4 miles
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - The offering combines leasehold improvements with a land lease carrying CPI-based escalations and renewal options.
Where is this retail space located?
The property is located at 1706 S State St Champaign, IL.
What are key features of this property?
This property features: 6,584 SF leasehold‑improvement building; Parking lot with 40 spaces; Additional land available for future parking
