12 E Main St Champaign, IL 61820
For Lease
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This exceptional 2531-square-foot retail/office space is located in the vibrant heart of Downtown Champaign, Illinois. Currently undergoing a complete exterior facade restoration, the property will feature a stunning new storefront and glazing, returning it to its original architectural glory. The first floor comprises two combined retail units, offering a flexible, open layout ideal for a variety of businesses. Amenities include a restroom and ample backroom storage. The space can be delivered as a "vanilla box" or with a substantial tenant improvement allowance, providing flexibility to suit individual business needs. The second floor is currently under conversion into multiple apartments, presenting a unique opportunity for a synergistic business model. This prime location benefits from its proximity to a diverse range of amenities, including numerous restaurants, bars, cafes, hotels, and a robust retail sector. Its strategic position within two miles of the University of Illinois campus ensures a constant flow of students, faculty, and visitors, creating a strong and diverse customer base. The property is managed by a leading Central Illinois commercial property management firm, ensuring seamless operations and professional management. This is a rare opportunity to secure a high-profile space in a thriving downtown area with significant potential for growth and success.
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
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.