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    Savoy, IL
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    Savoy, IL Restaurants for Sale

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    Champaign, IL Urbana, IL Tolono, IL
    Savoy, IL Commercial Space
    Updated: Feb 2
    Savoy, IL Commercial Space

    501 Commerce Drive, Savoy, IL 61874

    $1,850,000
    3,365 sqft · 1.30 AC lot
    Prime commercial space in a thriving Savoy location with high visibility and easy access off US‑45, behind Aldi.
    Excellent investment and leasing opportunity with established tenants like Domino's and El Rancho Grande.
    3,365 SF of available space, divisible for multiple tenants, suitable for office, retail, or restaurant use.
    Potential for a drive‑through, adding significant value and flexibility.
    Zoned C‑1 (Neighborhood Commercial), allowing for a wide range of business uses.
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    Savoy Restaurant Opportunity For Sale
    Updated: Nov 21, 2025
    Savoy Restaurant Opportunity For Sale

    405 South Dunlap Avenue, Savoy, IL 61874

    $899,000
    1,200 sqft
    Modern 1,200 SF building constructed in 2023.
    Prime location in Central Illinois with excellent visibility and accessibility.
    Zoned Commercial, perfectly suited for a restaurant venture.
    Turnkey property ready for immediate use.
    Strategic location with access to a renowned local university.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Savoy, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

    Remodeled Bar & Karaoke Venue
    Remodeled Bar & Karaoke Venue

    214 W Main St, Urbana, IL

    $970,000
    8,800 sqft · 0.11 AC lot

    Turnkey bar and karaoke venue with leaseback opportunity.

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    Downtown Urbana Commercial Building
    Downtown Urbana Commercial Building

    114 S Race, Urbana, IL 61801

    $475,000
    0.06 AC lot

    Two-story commercial building with first-floor restaurant in downtown Urbana.

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    Champaign Freestanding Building with Drive-Thru
    Champaign Freestanding Building with Drive-Thru

    1905 N Neil St, Champaign, IL

    $1,125,000
    5,200 sqft · 1.51 AC lot

    5,200 SF building with drive-thru on 1.52 acres.

    View details
    New Construction NNN Ground Lease
    New Construction NNN Ground Lease

    1703 W Springfield Ave, Champaign, IL

    $1,538,462
    510 sqft · 0.98 AC lot

    New 2024 construction with a long-term 15-year ground lease.

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    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 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.

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    Savoy, IL Commercial Development Land
    Savoy, IL Commercial Development Land

    612 CLARENDON Court, Savoy, IL 61874

    $450,000
    5,000 sqft · 1.97 AC lot

    1.97-acre commercial parcel in high-growth Savoy corridor.

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    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.

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    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.

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    Savoy, IL Restaurants Market Trends and Statistics

    Explore 2 restaurants for sale in Savoy, IL on our real estate platform. These investment opportunities span a total of 4,565 square feet of properties for sale, with an estimated market value of $2,749,000.

    Sale prices for restaurant properties in Savoy, IL start at $899,000, averaging $1,374,500, and reaching up to $1,850,000 — 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

    Turn key restaurants 1

    Demographics Overview

    Population 8,602
    Population Growth (5Y) +5.6%
    Median Household Income $88,431
    College Educated 91.0%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    61874 $1.4M

    Taxes & Financing

    Tax Rate (average for all types) 7.82%
    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 Savoy fall within the 50,000 to 100,000 square foot range.

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