Champaign, IL Restaurants for Rent & Lease

Updated: Aug 27

Renovated Restaurant Space

811 W Springfield Avenue, Champaign, IL 61820

Contact for pricing

0.42 AC lot

Approximately 3,365 SF main level plus 3,343 SF basement
Renovated and built out around 2018
Kitchen includes hood, walk‑in cooler, and walk‑in freezer
Corner location at W Springfield Avenue and Prospect Avenue
Occupancy of 99 with two ADA‑compliant restrooms

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Updated: May 17

Renovated Restaurant Space

209 E University Avenue, Champaign, IL 61820

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2,000 SF restaurant suite available for lease
Commercial hood and walk‑in cooler included
Dining area plus two ADA‑compliant restrooms
Built in 2018 with Central Air
Zoned COMMR

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Shopping Center with Drive-Through

902 Meijer Drive, Champaign, IL 61822

$18 SF/Yr

Four available spaces include an end-cap restaurant layout with central air and on-site EV charging.

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Restaurant Space with Commercial Kitchen

811 W Springfield Ave, Champaign, IL 61820

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3,365 sqft

CN-zoned space includes customer dining, dedicated office areas, and two ADA-compliant restrooms.

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Bar Space with Raised Stage

6 Taylor Street E, Champaign, IL 61820

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0.08 AC lot

Character-rich main-floor space supports bar, restaurant, and entertainment uses in a walkable downtown setting.

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Mixed-Use Building with Bar

320 N Neil St, Champaign, IL 61820

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7,485 sqft

A two-story commercial venue is paired with an upstairs apartment, offering distinct uses within one property.

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Restaurant Endcap with Drive-Thru

902 Meijer Dr, Champaign, IL 61822

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6,989 sqft

Endcap restaurant suite with a drive-thru window in a busy retail center with ample parking.

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Retail Building in High-Traffic Area

1806 W Bradley Ave, Champaign, IL

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2,587 sqft 0.90 AC lot

2,587 SF retail building on 0.90-acre lot for lease.

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Downtown Champaign Retail Opportunity

500 N Market St, Champaign, IL

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4,143 sqft 1.08 AC lot

Redeveloped retail spaces in downtown Champaign, ranging from 1,782-5,990 SF.

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Freestanding Restaurant with Drive-Thru

1502 N Prospect Ave, Champaign, IL 61820

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2,600 sqft

Freestanding restaurant for rent with drive-thru, existing FF&E, pole sign, and ample parking.

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Based on your search, we've compiled 20 Potential Opportunities for your consideration. Besides 10 Active listings in Champaign, IL, we suggest exploring alternatives. Consider Similar 4 Spaces in Nearby Cities, and Similar 6 Properties for Sales.

Restaurants for Lease in Nearby Cities

Here are 4 Similar Spaces we found in Nearby Locations for your consideration.

Downtown Decatur Restaurant Space Available

190 N Merchant Street, Decatur, IL 62523

$1,520/Mo

1,500 sqft

Vacant restaurant space in vibrant downtown Decatur, Illinois.

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Retail Space with Loading Bay

1305 Morrissey Dr, Bloomington, IL 61701

$10 SF/Yr

Two large work areas include commercial sinks, a range, a refrigerator and a loading bay.

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Retail/Restaurant Space on High-Traffic Corridor

1621 E Eldorado St, Decatur, IL

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1,700 sqft 0.55 AC lot

Versatile 1,000 SF retail/restaurant space on a high-traffic corridor.

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Restaurant Endcap on Veterans Parkway

305 N Veterans Pkwy, Bloomington, IL 61704

Contact for pricing

Restaurant opportunity with high visibility near medical center and headquarters.

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Similar Spaces for Sale in Champaign, IL

Consider Similar Space for Sale. We found 6 Spaces matching your search parameters.

Mixed-Use Building with Apartment

320 N Neil St, Champaign, IL 61820

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7,485 sqft

Downtown Champaign property combines a street-level nightlife venue with a separate upper-floor residence.

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Dutch Bros NNN Property

1813 North Neil Street, Champaign, IL 61820

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986 sqft 0.56 AC lot

The property is subject to a brand-new 15-year NNN lease.

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Two-Story Mixed-Use Building

320 N Neil Street, Champaign, IL 61820

$1,250,000

0.08 AC lot

Brick commercial property combines a configured bar venue with a leased residential apartment and separate building systems.

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Restaurant and Residential Building

10 E CHESTER ST, Champaign, IL 61820

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7,000 sqft

Two-level property combines an established restaurant with a large two-bedroom residential unit.

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Drive-Through Restaurant Portfolio

1903 Convenience Place, Champaign, IL 61820

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15,186 sqft

Three Panera Bread locations offered with corporate-guaranteed NN lease terms through 2033 and scheduled rent increases.

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Retail Space with Drive-Thru

1807-1901 W Bradley Ave, Champaign, IL

Contact for pricing

2,200 sqft 1.04 AC lot

Endcap retail unit with drive-thru and on-site parking.

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Champaign, IL Restaurants Lease Rates & Market Statistics

Browse 10 Restaurants for lease in Champaign, IL on Realmo, a commercial real estate marketplace serving the Champaign area. The current inventory totals 27,169 square feet of properties — an average of ~2,700 SF per listing.

Restaurants lease rates in Champaign range from $18 SF/Yr at the entry level to $18 SF/Yr at the top of the market, averaging $18 SF/Yr. Pricing across the market is relatively uniform, which simplifies like-for-like comparison between listings. The local average of $18 SF/Yr is 40% below the Illinois state average of $29.87 SF/Yr.

Champaign accounts for 100% of the 10 restaurants currently available across Champaign County. By space type, the market includes 4 conventional restaurants and 4 drive through restaurants.