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    Savoy, IL
    Shopping Center

    Savoy, IL Shopping Centers 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 7 Potential Opportunities for your consideration. Besides 1 Active listings in Savoy, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 2 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.

    Fully Occupied Shopping Center
    Fully Occupied Shopping Center

    1502-1508 N Cunningham Ave, Urbana, IL 61802

    Contact for pricing
    50,361 sqft 6.90 AC lot

    Anchored by Harbor Freight Tools and Dollar General, the center sits near the University of Illinois Urbana-Champaign.

    View details
    Multi-Tenant Shopping Center
    Multi-Tenant Shopping Center

    1803-1809 Philo Rd, Urbana, IL 61802

    Contact for pricing
    25,576 sqft 1.22 AC lot

    B-3-zoned retail center with a vacant junior-box space within a multi-tenant configuration.

    View details
    Retail Investment Opportunity in Champaign
    Retail Investment Opportunity in Champaign

    1807 W Bradley Avenue, Champaign, IL 61821

    Contact for pricing
    4,605 sqft

    Retail property with high visibility and flexible floor plans.

    View details
    Retail Investment Opportunity For Sale
    Retail Investment Opportunity For Sale

    1005 W Bloomington Rd, Champaign, IL 61821

    Contact for pricing
    1 sqft

    Fully occupied retail strip center with high traffic visibility.

    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.

    Commercial Land Near Sports Complex
    Commercial Land Near Sports Complex

    2995 County Road 1400 E, Rantoul, IL 61866

    $563,000
    5.63 AC lot

    Development parcel positioned near Interstate 57 and the Rantoul Family Sports Complex.

    View details
    Commercial Land in Development Area
    Commercial Land in Development Area

    2990 County Road 1400 E, Rantoul, IL 61866

    $4,000,000
    40.00 AC lot

    A substantial tract positioned near a sports complex and Interstate 57 within a larger planned development area.

    View details

    Savoy, IL Shopping Centers Market Trends and Statistics

    Explore 1 shopping centers for sale in Savoy, IL on our real estate platform.

    Sale prices for plazas 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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