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    Property profile & analytics
    OFF-MARKET
    Office Spaces

    1 Main St, Champaign, IL 61820-3654

    Individually Owned ~ Est. High Equity
    Property ID
    US28-2808484
    Property summary
    AI-generated overview

    This exceptional 5,600 square foot restaurant space is available for lease in the vibrant heart of Downtown Champaign, Illinois. Located within the One Main building, this single-tenant property boasts a cozy yet modern dining and bar area, a spacious kitchen featuring 12' and 14' hood vents, and a significant outdoor patio perfect for expanding capacity during the many downtown festivals and events. A private dining room offers additional seating for private events or peak hours. The patio is a key feature, conveniently situated next to a public parking lot for easy customer access. This location benefits from the bustling activity of Downtown Champaign, serving the larger Champaign-Urbana area. A strong daytime workforce, upper-story residential units, evening entertainment options, thriving local restaurants and breweries, and a vibrant arts scene contribute to a dynamic atmosphere. The proximity to the University of Illinois (with its 55,000 students), Big Ten sporting events, the Virginia Theatre, and Friday Night Live further enhances the property's appeal. This is an unparalleled opportunity to establish a successful restaurant in a truly exceptional downtown setting. The property is situated at 1 E Main St, Suite 103, Champaign, IL 61820.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    APN 422012427027
    UPID US28-2808484
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • 1 Main Development Construction Company General Contractor
    • Worn Jarabek Architects Architect
    • Sean Murphy Lights, Inc. Interior Design Home Decor Store
    • Martha Leary, LANDMARK REAL ESTATE Real Estate Agency
    • The Space Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    JON D SOKOLSKI
    JON D SOKOLSKI
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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