Retail Space with Large
For Lease
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41 E University Avenue, Champaign, IL 61821
Commercial Lease, Champaign, IL
Space Size3,400 SF
Days on Market828
Property Features for 41 E University Avenue
General Information
Property type
Commercial Lease
Property subtype
Retail
Zoning
COMMR
Directions
University Ave, SE corner of University and Market St.
Subdivision
Champaign, Savoy
Standard status
Active
Taxes and HOA fees
Tax Year
2023
Tax Description
NOT FOR SALE
Legal Description
NOT FOR SALE
Utilities
Cooling system
Central Air
Amenities
natural light
city views
HDA compliant
Building Details
Year built
1913
Floors in Building
3
Flooring type
Vinyl, Tile, Wood
Listing Agency:
WARD & ASSOCIATES
(217) 355-1000
Listed By:
Debby Auble · License #471013006
(217) 355-1020
Added: Jun 10, 2024
Changed: Sep 14
Last Checked: Sep 15 at 4:06PM
MLS# 12080025
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.
Available for lease on the first floor of the Historic Traction Building, this approximately 3,400-square-foot retail space combines an adaptable interior with practical customer-facing and back-of-house areas. 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, with central air conditioning and HDA-compliant improvements. Large windows on the east and north sides provide natural light and city views.
The property is located in Downtown Champaign at 41 E University Avenue, across from the Illinois Terminal transportation hub, which serves inter-city bus, passenger rail, and local transit connections. Public parking is available across the street, with private lease parking also offered. Downtown surroundings include restaurants, microbreweries, pubs, cultural venues, mixed-use properties, and multifamily development. The University of Illinois is accessible from the property and has more than 55,000 students.
The property is located in Downtown Champaign at 41 E University Avenue, across from the Illinois Terminal transportation hub, which serves inter-city bus, passenger rail, and local transit connections. Public parking is available across the street, with private lease parking also offered. Downtown surroundings include restaurants, microbreweries, pubs, cultural venues, mixed-use properties, and multifamily development. The University of Illinois is accessible from the property and has more than 55,000 students.
Key Highlights
- Approximately 3400 s.f. of first‑floor retail space
- Reception area, storage room, dressing room, kitchen, and 4 treatment rooms
- 2 restrooms with HDA‑compliant improvements
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
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
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Market
Lease Benchmarks for Champaign, IL
$15.71 /SF/Yr
Avg Asking Price
$7–$23 /SF/Yr
Price Range
7,200 SF
Avg Space Size
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - First-floor commercial space includes multiple rooms, a kitchen, restrooms, and central air conditioning.
Where is this retail space located?
The property is located at 41 E University Avenue Champaign, IL.
What are key features of this property?
This property features: Approximately 3400 s.f. of first‑floor retail space; Reception area, storage room, dressing room, kitchen, and 4 treatment rooms; 2 restrooms with HDA‑compliant improvements
