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    Savoy, IL
    Retail

    Savoy, IL Retail Space for Sale

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    Champaign, IL Urbana, IL Tolono, IL East Peoria, IL Peoria, IL Seymour, IL Saint Joseph, IL Mahomet, IL
    Shopping Center with Drive-Through Potential
    Updated: Feb 2
    Shopping Center with Drive-Through Potential

    501 Commerce Drive, Savoy, IL 61874

    $1,850,000
    1.30 AC lot
    Two‑building shopping center completed in 2019
    3,365 SF available for lease with demising flexibility
    Three commercial spaces currently leased
    Existing tenants include Domino's and El Rancho Grande
    Drive‑through configuration may be possible for the available space
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Savoy, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Storefront with Full Basement
    Storefront with Full Basement

    102 E Main St, Tolono, IL 61880

    $129,900
    1,509 sqft

    Occupied commercial building with an open main level, restroom, support space, and multiple access points.

    View details
    Multi-Tenant Storefront Property
    Multi-Tenant Storefront Property

    1205 S Mattis Avenue, Champaign, IL 61821

    $850,000
    0.55 AC lot

    Three established tenants occupy the building, supported by front and rear parking and central air conditioning.

    View details
    Freestanding Retail/Office Building for Lease
    Freestanding Retail/Office Building for Lease

    2103 N Dunlap Ave, Champaign, IL

    Contact for pricing
    3,160 sqft 0.41 AC lot

    Freestanding retail/office building in Champaign, subject to Savoy Zoning.

    View details
    Storefront Property with Deep Lot
    Storefront Property with Deep Lot

    4 N Bourne Street, Tolono, IL 61880

    $74,900
    0.47 AC lot

    Storefront property with a flexible layout, window-unit cooling, and water availability in a commercial zoning district.

    View details

    Savoy, IL Retail Space Market Trends and Statistics

    Explore 1 retail space for sale in Savoy, IL on our real estate platform.

    Sale prices for retail space in Savoy, IL average $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

    Shopping centers 1
    Storefront properties 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 $1.9M

    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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