1 Main St, Champaign, IL 61820-3654
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.
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1 Main Development Construction Company General Contractor
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Worn Jarabek Architects Architect
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Sean Murphy Lights, Inc. Interior Design Home Decor Store
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Martha Leary, LANDMARK REAL ESTATE Real Estate Agency
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The Space Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.