Shopping Center with Drive-Through
For Sale
$1,850,000
501 Commerce Drive, Savoy, IL 61874
Commercial Sale, Savoy, IL
Property SizeContact for details
Lot Size1.30 Acres
Days on Market199
Property Features for 501 Commerce Drive
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
COMMR
Directions
Off US-45 in Savoy behind Aldi.
Subdivision
Champaign, Savoy
Standard status
Active
APN
032036326039
Lot size
1.30 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Lot 4 Savoy Square Sub 4
Tax Annual Amount
34173
Legal Description
Lot 4 Savoy Square Sub 4
Utilities
Cooling system
Central Air
Amenities
well-lit parking lot
Building Details
Year built
2019
Floors in Building
1
Number of units
5
Listing Agency:
Green Street Realty
(217) 356-8750
Listed By:
Shannon Collins · License #ILLINOIS475.178418
(217) 356-8750
Added: Feb 2
Changed: Aug 20
Last Checked: Aug 20 at 7:06PM
MLS# 12559173
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.
This 2019 shopping center comprises two separate buildings with three commercial spaces currently leased, including Domino's and El Rancho Grande. A 3,365-square-foot vacancy is available and can be divided for multiple tenants. The space is suited to office, retail, or restaurant use, with potential for a drive-through configuration. Central air serves the property.
The 1.2994-acre site is positioned just off US-45 and behind Aldi at 501 Commerce Drive in Savoy. Property features include a well-lit parking lot and access from surrounding streets. The center is situated among national and regional retailers in a commercial corridor serving the area.
The 1.2994-acre site is positioned just off US-45 and behind Aldi at 501 Commerce Drive in Savoy. Property features include a well-lit parking lot and access from surrounding streets. The center is situated among national and regional retailers in a commercial corridor serving the area.
Key Highlights
- Two‑building shopping center completed in 2019
- 3,365 SF available for lease with potential demising for multiple tenants
- Three commercial spaces are currently leased
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 61874, IL
8,739
Population
3,755
Households
2.3
Avg Household Size
36
Median Age
58%
College-Educated
98%
High-School Grad
6.1 sq mi
ZIP Area
1,433
Density / Sq Mi
$88,431
Median Household Income
$52,921
Median Earnings
$954
Median Rent
$274,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Quick-Tag — Walmart Supercenter, 505 S Dunlap Ave, Savoy, IL 61874
Frequently Asked Questions
What type of property is this?
Shopping center - Two-building retail center with leased occupancy, available space, and flexible demising for multiple commercial users.
Where is this shopping center located?
The property is located at 501 Commerce Drive Savoy, IL.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Two‑building shopping center completed in 2019; 3,365 SF available for lease with potential demising for multiple tenants; Three commercial spaces are currently leased
