Downtown Retail Storefront with
For Lease
Contact for pricing
41 E University Avenue, Champaign, IL 61821
COMMERCIAL - Champaign, IL
Property Size3,400 SF
Days on Market783
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
Building Details
Year built
1913
Floors in Building
3
Flooring type
Vinyl, Wood, Tile
Listing Agency:
WARD & ASSOCIATES
(217) 355-1000
Listed By:
Debby Auble · License #471013006
(217) 355-1000
Added: Jun 10, 2024
Changed: Jul 30
Last Checked: Aug 1 at 10:06AM
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.
Historic traction building retail space in the heart of Downtown Champaign with large east and north windows providing natural light and city views. The 1st floor suite was formerly a salon and is designed with a reception area, storage room, dressing room, kitchen, and two restrooms, along with four treatment rooms. Interior finishes include maple floors and ceramic and vinyl tile, and the space is identified as ADA/HDA compliant.
The property is located across the street from the Illinois Terminal hub, which provides consolidated inter-city bus service, rail passenger service, and major transfer point for local mass transit. Public parking is available across the street, and private lease parking is also available. Easy access to the University of Illinois is noted, with public-facing pedestrian traffic generated by the surrounding downtown mix of uses.
Zoning is listed as COMMR, supporting a variety of compatible retail and service uses based on tenant requirements.
The property is located across the street from the Illinois Terminal hub, which provides consolidated inter-city bus service, rail passenger service, and major transfer point for local mass transit. Public parking is available across the street, and private lease parking is also available. Easy access to the University of Illinois is noted, with public-facing pedestrian traffic generated by the surrounding downtown mix of uses.
Zoning is listed as COMMR, supporting a variety of compatible retail and service uses based on tenant requirements.
Key Highlights
- Historic 1913 Traction Building located in downtown Champaign with large east and north windows for natural light and city views
- Approximately 3,400 SF available on the 1st floor, formerly a salon, suitable for restaurant, retail, or business use
- Interior layout includes reception area, storage room, dressing room, kitchen, and 4 treatment rooms
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
2,846
Businesses Nearby
27k
Monthly Visits Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Town Flowers — 708 S Prairie St, Champaign, IL 61820
- Fleurish — 122 N Walnut St, Champaign, IL 61820
Frequently Asked Questions
What type of property is this?
Storefront property - First-floor retail space with large east and north windows, kitchen, multiple treatment rooms, and two restrooms.
Where is this storefront property located?
The property is located at 41 E University Avenue Champaign, IL.
What are key features of this property?
This property features: Historic 1913 Traction Building located in downtown Champaign with large east and north windows for natural light and city views; Approximately 3,400 SF available on the 1st floor, formerly a salon, suitable for restaurant, retail, or business use; Interior layout includes reception area, storage room, dressing room, kitchen, and 4 treatment rooms
