Downtown Champaign Retail/Office
500 N Walnut St Champaign, IL 61820
500 N Walnut St, Champaign, IL, 61820
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For Lease
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Revitalized mixed-use building with spaces for retail and office tenants.
Property Size5,990 SF
Lot Size1.50 Acres
Days on Market2908
Property Features for 500 N Walnut St
General Information
- Standard status
- Active
- Size
- 5,990 SF
- Lot size
- 1.50 Acres
- Property subtype
- Retail, Office
Spaces For Lease
at 500 N Walnut St Contact us
Listing Agency
Coldwell Banker Commercial Devonshire Realty
(217) 403-3425
Listed by
AJ Thoma III, CCIM, SIOR · License #IL475.135026
Source
Crexi
Added: Aug 1, 2018 Checked: Jul 16 at 7:32 am
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.
New Market Commons is a re-purposed building project in downtown Champaign, offering roughly 40,000 square feet of space on a 1.5-acre site. There are currently 6 tenant spaces available, ranging from 1,782 to 5,990 square feet. Construction and renovation began in Spring 2018 and were completed by fall 2018. Individual spaces are delivered with storefronts, finished demised space, electrical and lighting to code, sealed concrete floors, one ADA restroom, and separate HVAC & Electrical. The ownership is willing to consider additional buildout for qualified tenants. The redevelopment is mixed-use, featuring a site design with a vintage, urban industrial vibe. It is suitable for destination retail, boutiques, art studios, galleries, coffee shops, breweries, and original restaurants, and is intended to become a social hub of Champaign. The adaptive re-use of the building provides each tenant’s space with character, unique architectural features, flexible layouts, and some with outdoor seating or retail space. The property is accessible to pedestrians and drivers, with walk-ability from a new major downtown residential development and ample onsite parking. Traffic counts are 7,800 VPD on Washington St. and 8,250 VPD on Walnut/Market St.
Key Highlights
- Located in revitalized Downtown Champaign, set to become a premier social hub.
- Adaptive re‑use building with unique architectural features and flexible layouts.
- Ample on‑site parking and walkability from new residential development.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Stango Cuisine
Restaurant
Wood N' Hog ...
Restaurant
Similar For Rent Nearby
FAQs
What type of property is this?
Retail space - Revitalized mixed-use building with spaces for retail and office tenants.
Where is this retail space located?
The property is located at 500 N Walnut St Champaign, IL.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: Located in revitalized Downtown Champaign, set to become a premier social hub.; Adaptive re‑use building with unique architectural features and flexible layouts.; Ample on‑site parking and walkability from new residential development.
