First-Floor Retail
New
For Lease
$17 SF/Yr
41 E University Ave Unit 1, Champaign, IL 61821
Flexible layout includes treatment rooms, kitchen, storage, and two restrooms.
Space Size3,400 SF
Days on Market3
Property Features for 41 E University Ave Unit 1
General Information
Standard status
Active
Size
3,400 SF
Net Rentable
3,400 SF
Space & Availability
Available Space
3,400 SF
Contiguous Space
3,400 SF
Floor
1
Space Use
Retail
Building Details
Year Built
1913
Listing Agency:
WARD & ASSOCIATES
Listed By:
Debby Auble · License #471013006
(217) 355-1000
Source:
Bktchicago
Added: Sep 15
Changed: Sep 16
Last Checked: Sep 16 at 1:51AM
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 WARD & ASSOCIATES
Investment Insights
Based on property information with market context.
This first-floor retail space in the historic Traction Building provides approximately 3,400 square feet for restaurant, retail, or general business use. The layout includes a reception area, storage room, dressing room, four treatment rooms, kitchen, and two restrooms. Maple, ceramic tile, and vinyl tile flooring are installed throughout, and the space is HDA compliant. Large windows on the east and north sides bring in natural light and offer city views.
The property is in Downtown Champaign, across from the Illinois Terminal transportation hub, which serves inter-city bus, passenger rail, and local mass transit connections. Public parking is available across the street, with private lease parking also available. The surrounding downtown district includes restaurants, microbreweries, pubs, cultural venues, mixed-use properties, and multifamily development. The University of Illinois is also easily accessible and has more than 55,000 students.
The property is in Downtown Champaign, across from the Illinois Terminal transportation hub, which serves inter-city bus, passenger rail, and local mass transit connections. Public parking is available across the street, with private lease parking also available. The surrounding downtown district includes restaurants, microbreweries, pubs, cultural venues, mixed-use properties, and multifamily development. The University of Illinois is also easily accessible and has more than 55,000 students.
Key Highlights
- Approximately 3,400 SF of first‑floor retail space
- Four treatment rooms, reception area, storage, dressing room, kitchen, and 2 restrooms
- Large east- and north‑facing windows provide natural light and city views
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.55 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,846
Businesses Nearby
27k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 80%
Shops & Services 12%
Dining 9%
County Market
Groceries
21,552 visits/mo
0.5 miles
AutoZone
Shops & Services
3,134 visits/mo
0.4 miles
Papa John's Pizza
Dining
2,333 visits/mo
0.5 miles
Demographics for 61821, IL
29,057
Population
13,751
Households
2.1
Avg Household Size
36
Median Age
50%
College-Educated
95%
High-School Grad
7.7 sq mi
ZIP Area
3,774
Density / Sq Mi
$69,284
Median Household Income
$40,225
Median Earnings
$1,001
Median Rent
$174,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail 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 layout includes treatment rooms, kitchen, storage, and two restrooms.
Where is this retail space located?
The property is located at 41 E University Ave Unit 1 Champaign, IL.
What is the lease rate?
The lease rate is $17 SF/Yr.
What are key features of this property?
This property features: Approximately 3,400 SF of first‑floor retail space; Four treatment rooms, reception area, storage, dressing room, kitchen, and 2 restrooms; Large east- and north‑facing windows provide natural light and city views
