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    Champaign, IL Restaurants for Sale

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    Urbana, IL Savoy, IL East Peoria, IL Philo, IL Tolono, IL Mahomet, IL Peoria, IL Thomasboro, IL
    8 properties
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    Two-Story Mixed-Use Building
    Updated: Feb 10
    Two-Story Mixed-Use Building

    320 N Neil Street, Champaign, IL 61820

    $1,250,000
    0.08 AC lot
    5,865 SF above‑grade building with a 1,620 SF basement
    First‑floor bar/nightclub layout with a 28' bar and mezzanine areas
    Two‑bedroom, two‑bath apartment on the second floor
    Apartment includes 14' ceilings, fireplace, separate HVAC, and separate electrical service
    Basement storage, walk‑in cooler, mechanical space, and interior and rear access
    View details
    Top-Performing Panera Bread For Sale
    Updated: Mar 27
    Top-Performing Panera Bread For Sale

    1903 Convenience Pl, Champaign, IL 61820

    Contact for pricing
    4,980 sqft
    Top‑performing Panera Bread location, ranking in the top 5% of stores nationwide.
    Corporate‑guaranteed NN lease extended through December 2033, providing long‑term income stability.
    Estimated annual sales of approximately $4.7 million, demonstrating exceptional unit‑level performance.
    Located in Champaign's dominant retail corridor near Market Place Shopping Center and the University of Illinois.
    Lease structure includes 10% rental increases in renewal options, offering built‑in long‑term income growth.
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    Turnkey Restaurant Space with Patio
    Turnkey Restaurant Space with Patio

    2135 S Neil St, Champaign, IL 61820

    Contact for pricing
    1,600 sqft

    Turnkey restaurant space with both indoor and outdoor dining seating in a retail shopping center setting.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Drive-Through Restaurant Portfolio
    Drive-Through Restaurant Portfolio

    1903 Convenience Place, Champaign, IL 61820

    Contact for pricing
    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
    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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    Single-Tenant Corner Restaurant Net-Lease
    Single-Tenant Corner Restaurant Net-Lease

    202 W Anthony Dr., Champaign, IL 61822

    Contact for pricing

    Net-leased chophouse operated by Alexander’s Steakhouse with corner frontage along N. Neil and the I-74 frontage road.

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    Fully Renovated Bar Restaurant
    Fully Renovated Bar Restaurant

    1906 W Bradley Ave, Champaign, IL 61821

    Contact for pricing

    Move-in ready bar/restaurant space is fully renovated and currently occupied by a month-to-month tenant.

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    Freestanding Restaurant with Drive-Thru
    Freestanding Restaurant with Drive-Thru

    1502 N Prospect Ave, Champaign, IL 61820

    Contact for pricing
    2,600 sqft

    Freestanding restaurant offering drive-thru access, ample parking, and available FF&E and pole signage.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 8 Active listings in Champaign, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 64 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Freestanding Grocery and Convenience Store
    Freestanding Grocery and Convenience Store

    306 W Springfield Avenue W, Urbana, IL 61801

    $1,300,000
    0.61 AC lot

    Freestanding facility with refrigeration, frozen storage, bakery, kitchen, and café areas.

    View details
    Freestanding Grocery and Cafe Building
    Freestanding Grocery and Cafe Building

    306 W Springfield Avenue W, Urbana, IL 61801

    $1,300,000

    Free-standing building with bakery, kitchen, refrigeration, and cafe space, currently operating as a food market.

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    Three-Storefront Retail Property
    Three-Storefront Retail Property

    206, 208, 210 E Logan Street S, Longview, IL 61852

    $39,000
    0.18 AC lot

    Brick commercial building with separate storefront areas, window-unit cooling, and flexible multi-business configuration.

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    Three-Storefront Commercial Property
    Three-Storefront Commercial Property

    206, 208, 210 E Logan Street S, Longview, IL 61852

    $39,000

    Three storefronts can accommodate separate businesses or be combined for one larger commercial operation.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Commercial Land in Champaign
    Prime Commercial Land in Champaign

    803 N Mattis Avenue, Champaign, IL 61821

    $465,000
    1.89 AC lot

    1.89-acre commercial land in high-visibility Champaign location.

    View details
    Commercial Development Land Parcel
    Commercial Development Land Parcel

    612 CLARENDON Court, Savoy, IL 61874

    $450,000
    1.97 AC lot

    1.97-acre commercial land parcel in Savoy, zoned for commercial uses, with concrete parking pads and village-approved site plans.

    View details
    Champaign Commercial Land For Sale
    Champaign Commercial Land For Sale

    4202 Nicklaus Drive, Champaign, IL 61822

    $750,000
    1.92 AC lot

    1.92-acre commercial lot in desirable Champaign location.

    View details
    Prime Commercial Lot in Savoy
    Prime Commercial Lot in Savoy

    103 Calvin Street, Savoy, IL 61874

    $125,000
    3,800 sqft 0.33 AC lot

    Last available lot in a thriving Savoy commercial area.

    View details

    Off-Market Properties in Champaign, IL

    Consider similar Off-Market properties in Champaign, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    2005 Springfield Ave
    RESTAURANT

    2005 Springfield Ave, Champaign, IL 61821-3005

    $385,000
    Estimated value
    1.15 AC lot
    View details
    1903 Convenience Pl
    RESTAURANT

    1903 Convenience Pl, Champaign, IL 61820-7814

    $615,000
    Estimated value
    View details
    2037 Neil St
    RESTAURANT

    2037 Neil St, Champaign, IL 61820-7219

    $2,315,000
    Estimated value
    0.98 AC lot
    View details
    2001 Springfield Ave
    RESTAURANT

    2001 Springfield Ave, Champaign, IL 61821-3005

    $435,000
    Estimated value
    View details
    2201 Springfield Ave
    RESTAURANT

    2201 Springfield Ave, Champaign, IL 61821-2911

    $630,000
    Estimated value
    View details
    2033 Neil St
    RESTAURANT

    2033 Neil St, Champaign, IL 61820-7219

    $2,085,000
    Estimated value
    0.93 AC lot
    View details
    111 Walnut St
    RESTAURANT

    111 Walnut St, Champaign, IL 61820

    $250,000
    Estimated value
    View details
    6 Columbia Ave
    RESTAURANT

    6 Columbia Ave, Champaign, IL 61820-3620

    $900,000
    Estimated value
    View details
    320 Neil St
    BAR, TAVERN

    320 Neil St, Champaign, IL 61820-3614

    $1,275,000
    Estimated value
    View details
    117 Walnut St
    RESTAURANT

    117 Walnut St, Champaign, IL 61820-4000

    $1,275,000
    Estimated value
    View details
    27 Taylor St
    RESTAURANT

    27 Taylor St, Champaign, IL 61820-4006

    $1,275,000
    Estimated value
    View details
    2121 Prospect Ave
    RESTAURANT

    2121 Prospect Ave, Champaign, IL 61822-1238

    $450,000
    Estimated value
    View details
    2033 Prospect Ave
    DRIVE-THRU RESTAURANT, FAST FOOD

    2033 Prospect Ave, Champaign, IL 61822-1235

    $2,850,000
    Estimated value
    View details
    501 Grn St
    RESTAURANT

    501 Grn St, Champaign, IL 61820-5719

    $3,400,000
    Estimated value
    View details
    109 Walnut St
    RESTAURANT

    109 Walnut St, Champaign, IL 61820-4009

    $2,465,000
    Estimated value
    View details
    2501 Vlg Grn Pl
    RESTAURANT

    2501 Vlg Grn Pl, Champaign, IL 61822-7679

    $5,960,000
    Estimated value
    View details

    Champaign, IL Restaurants Market Trends and Statistics

    Explore 72 restaurants for sale in Champaign, IL, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 26,566 square feet of properties for sale, with an estimated market value of $1,250,000.

    Sale prices for restaurant properties in Champaign, IL average $1,250,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 10
    Drive through restaurants 8
    Bars & Pubs 5
    Commercial kitchens 4

    Demographics Overview

    Population 96K
    Population Growth (5Y) +1.5%
    Median Household Income $62,086
    College Educated 42.5%

    High-Yield Neighborhoods for Investment

    Identify Champaign submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    61820 $1.3M

    Taxes & Financing

    Tax Rate (average for all types) 8.86%
    Property Tax per SF $37.00 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Champaign County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Champaign fall within the 100,000+ square foot range.

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    • 61820
    • 61821
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