Class A Mixed-Use
For Lease
$16 SF/Yr
608 E University Ave, Champaign, IL 61822
Retail/restaurant/office space available in Champaign near University of Illinois.
Space Size21,108 SF
Days on Market154
Property Features for 608 E University Ave
General Information
Standard status
Active
Size
21,108 SF
Property subtype
Other
Building Details
Year Built
2016
Spaces For Lease
at 608 E University Ave Contact us- Size
- 21,108 SF
- Type
- Other
- Lease Type
- NNN
- Sublease
- No
- Build Type
- Full build out
Space Available $16/SF/Yr
Listing Agency:
Coldwell Banker Commercial Devonshire Realty
(217) 352-7712
Listed By:
Zach Wetherell, CCIM
Source:
Commercialcafe
Added: Mar 26
Changed: Aug 23
Last Checked: Aug 26 at 5:33AM
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 Class A, six-story mixed-use development features 21,100 square feet of first-floor retail, restaurant, and office space spanning two city blocks. The development includes two buildings, with luxury apartments on floors two through six. The west building is fully leased. The east building has available spaces ranging from 1,441 to 3,370 square feet, which can be customized to tenant needs. Tenant spaces will be delivered in 'Grey Shell' condition, with a tenant improvement allowance of $50 per square foot. Additional outdoor patio area is available for retail and restaurant use. The building offers high-speed fiber internet. Parking is located on the north side of the building, with metered street parking also available. The former Bearology space measures 772 square feet of usable space and 1,372 square feet of rentable space. This space includes an open counter with plumbing for brewing coffee and making drinks, a back room for storage, and a student lounge area. The property is situated along East University Avenue, with a traffic volume of 21,800 vehicles per day, in Champaign, between Fifth and Wright Street, just north of the University of Illinois Engineering Campus. It is also located in close proximity to OSF Hospital, Carle Hospital, and Downtown Champaign.
Key Highlights
- Class A mixed‑use development with retail/restaurant/office space and luxury apartments.
- Located on East University Ave. near the University of Illinois Engineering Campus.
- Tenant improvement allowance of $50/USF.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,809
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail/restaurant/office space available in Champaign near University of Illinois.
Where is this mixed-use property located?
The property is located at 608 E University Ave Champaign, IL.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: Class A mixed‑use development with retail/restaurant/office space and luxury apartments.; Located on East University Ave. near the University of Illinois Engineering Campus.; Tenant improvement allowance of $50/USF.
