Single-Tenant Corner Restaurant
For Sale
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202 W Anthony Dr., Champaign, IL 61822
Net-leased chophouse operated by Alexander’s Steakhouse with corner frontage along N. Neil and the I-74 frontage road.
Property SizeContact for details
Days on Market123
Property Features for 202 W Anthony Dr.
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Coldwell Banker Commercial Devonshire Realty
(217) 352-7712
Listed By:
Zach Wetherell · License #IL
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 8:04PM
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.
This single-tenant, net-leased restaurant property features a long-term operation by Alexander’s Steakhouse. The tenant offers cook-your-own and kitchen-cooked entree options, and the business has operated at the location for over 20 years. The site spans 2.25 acres and is positioned to provide income in the near term while allowing for potential future redevelopment.
The property is located on the corner of N. Neil and the north frontage road for I-74, with reported traffic counts of 21,600 AADT on N. Neil and 63,100 AADT on the I-74 frontage road.
The location is within a retail and hospitality cluster that includes major retailers and restaurants such as Costco, Red Robin, McDonald’s, Bob Evans, Taco Bell, Olive Garden, Panera Bread, T.J. Maxx, Bed, Bath & Beyond, and Barnes & Noble. The tenant is part of Mercedes Restaurants, Inc., which also owns and operates two Famous Dave’s restaurants.
The property is located on the corner of N. Neil and the north frontage road for I-74, with reported traffic counts of 21,600 AADT on N. Neil and 63,100 AADT on the I-74 frontage road.
The location is within a retail and hospitality cluster that includes major retailers and restaurants such as Costco, Red Robin, McDonald’s, Bob Evans, Taco Bell, Olive Garden, Panera Bread, T.J. Maxx, Bed, Bath & Beyond, and Barnes & Noble. The tenant is part of Mercedes Restaurants, Inc., which also owns and operates two Famous Dave’s restaurants.
Key Highlights
- Single‑tenant net‑leased chophouse operated by Alexander’s Steakhouse with cook‑your‑own and kitchen‑cooked entree options
- Corner site along N. Neil (21,600 AADT) and the north I‑74 frontage road (63,100 AADT)
- 2.25‑acre site with zero landlord obligations and income in the near term
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,117
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 61822, IL
25,091
Population
11,923
Households
2.1
Avg Household Size
38
Median Age
58%
College-Educated
96%
High-School Grad
107.2 sq mi
ZIP Area
234
Density / Sq Mi
$97,044
Median Household Income
$55,385
Median Earnings
$1,265
Median Rent
$264,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Chinatown Buffet — 713 W Marketview Dr, Champaign, IL 61822
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Net-leased chophouse operated by Alexander’s Steakhouse with corner frontage along N. Neil and the I-74 frontage road.
Where is this conventional restaurant located?
The property is located at 202 W Anthony Dr. Champaign, IL.
What are key features of this property?
This property features: Single‑tenant net‑leased chophouse operated by Alexander’s Steakhouse with cook‑your‑own and kitchen‑cooked entree options; Corner site along N. Neil (21,600 AADT) and the north I‑74 frontage road (63,100 AADT); 2.25‑acre site with zero landlord obligations and income in the near term
