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    1201 Savoy Plaza Ln Savoy, IL 61874

    Sponsored
    For Lease
    Contact for pricing

    Champaign County retail space, multiple units.

    Lot size:
    140,624 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    Savoy Plaza, located at 1201 Savoy Plaza in Savoy, Illinois (zip code 61874), offers exceptional retail leasing opportunities in Champaign County. This multi-tenant commercial property boasts a total of 140,624 square feet, with a significant amount of space currently vacant at 19,034 square feet. The property is ideal for businesses seeking flexible space options, with minimum divisible units of 1,600 square feet and the potential for larger contiguous spaces up to 17,434 square feet. This presents a unique chance for both smaller startups and established businesses to find a suitable location within a well-established commercial center. The property's prime location in Savoy, Illinois offers excellent visibility and accessibility, making it an attractive option for businesses looking to establish a strong presence in the area. The property is classified as retail commercial space and is ready for immediate occupancy. Interested parties are encouraged to inquire about available space and lease terms. The property's latitude and longitude coordinates are 40.0703518 and -88.2518982 respectively.

    Property Features for 1201 Savoy Plaza Ln

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    140,624 SF

    Unit(s) available at that property

    Space
    Suite 64M10
    Size
    17,434 SF
    Space
    Suite 64L
    Size
    1,600 SF

    HighLights

    • Savoy Plaza is anchored by Schuck's, a major Midwest grocer.
    • National tenants include Goodwill, Dollar Tree, Massage Envy, and Buffalo Wild Wings.
    • High‑traffic location on Dunlap Avenue, exceeding 20,000 vehicles daily.
    • Strong demographics: over 57,500 residents within a three‑mile radius, average household income exceeding $79,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Savoy Plaza Business Center Goodwill Thrift Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Savoy
    County
    Champaign
    State
    Illinois
    Longitude
    -88.2518982
    Latitude
    40.0703518

    Nearby Comparable

    • Contact for pricing
      1,600 SF

      Savoy Retail Space For Lease

      Retail space available in Savoy Plaza, anchored by Schnucks.
      1201-1335 Savoy Plaza Ln, Savoy, IL 61874
      View Details
    • $300 /Mo
      80 SF

      Small Office Suites For Lease

      Office suites available in secured building with included utilities.
      1806 Woodfield Dr, Savoy, IL 61974
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    • $16 SF/Yr
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      Renovated Office Space Available

      Modern 1,200 SF office space with excellent visibility.
      1800 Woodfield Dr, Savoy, IL 61874
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    • $24 SF/Yr
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      Savoy Class A Office Space

      Class A office space featuring reception, offices, restroom, and kitchenette.
      411 N Clarendon Ct, Savoy, IL 61874
      View Details
    • $18 SF/Yr
      3,160 SF

      Freestanding Retail/Office Building for Lease

      Freestanding retail/office building in Champaign, subject to Savoy Zoning.
      2103 N Dunlap Ave, Champaign, IL 61820
      View Details
    • Contact for pricing
      5,635 SF

      Class A Office Building

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      2139-2229 Neil St

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      2139-2229 Neil St, Champaign, IL 61820
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    • $18 SF/Yr
      8,844 SF

      Prime Champaign Retail Space

      High-traffic location, flexible suites available
      2106 Neil St, Champaign, IL 61820
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    • $25 SF/Yr
      21,000 SF

      Champaign County Office Suites

      Flexible office space, 9 suites available
      701 Devonshire Dr, Champaign, IL 61820
      View Details
    • $12 SF/Yr
      34,150 SF

      Corporate Center Office Suites

      Champaign County Office Space Available
      2110 Fox Dr, Champaign, IL 61820
      View Details
    • $12 SF/Yr
      19,086 SF

      Champaign Medical Office Building

      Prime Medical Office Space Available
      201 Devonshire Dr, Champaign, IL 61820
      View Details
    • $12 SF/Yr
      25,100 SF

      Champaign Office Space for Lease

      2,500 SF Executive Office Suite Available
      2004 Fox Dr, Champaign, IL 61820
      View Details

    Nearby Similar for Lease

    • $16 SF/Yr
      1,200 SF

      Renovated Office Space Available

      Modern 1,200 SF office space with excellent visibility.
      1800 Woodfield Dr, Savoy, IL 61874
      View Details
    • Contact for pricing
      1,600 SF

      Savoy Retail Space For Lease

      Retail space available in Savoy Plaza, anchored by Schnucks.
      1201-1335 Savoy Plaza Ln, Savoy, IL 61874
      View Details
    • $300 /Mo
      80 SF

      Small Office Suites For Lease

      Office suites available in secured building with included utilities.
      1806 Woodfield Dr, Savoy, IL 61974
      View Details
    • $24 SF/Yr
      670 SF

      Savoy Class A Office Space

      Class A office space featuring reception, offices, restroom, and kitchenette.
      411 N Clarendon Ct, Savoy, IL 61874
      View Details

    FAQs

    What type of property is this?
    Retail property - Champaign County retail space, multiple units.
    Where is this retail property located?
    The property is located at 1201 Savoy Plaza Ln Savoy, IL.
    What are key features of this property?
    This property features: Savoy Plaza is anchored by Schuck's, a major Midwest grocer.; National tenants include Goodwill, Dollar Tree, Massage Envy, and Buffalo Wild Wings.; High-traffic location on Dunlap Avenue, exceeding 20,000 vehicles daily.
    Request Owner's contact information
    1201 Savoy Plaza Ln Savoy, IL 61874
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1201 Savoy Plaza Ln Savoy, IL 61874
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