Savoy, IL
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    Savoy, IL Shopping Centers for Sale

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    Champaign, IL Urbana, IL Tolono, IL
    Savoy, IL Commercial Space
    $1,850,000
    3,365 SF
    Savoy, IL Commercial Space

    501 Commerce Drive, Savoy, IL 61874

    Prime commercial space in a thriving Savoy location!
    • 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.
    Updated: Feb 2
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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 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.

    Multi-Tenant Building on University Avenue
    $3,000,000
    1,400 SF
    Multi-Tenant Building on University Avenue

    Multi-tenant building with high visibility and ample parking.

    505-517 E University Ave, Champaign, IL

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    Mixed-Use Center For Sale
    $2,200,000
    32,000 SF
    Mixed-Use Center For Sale

    Value-add mixed-use center with diverse tenants and upside potential.

    610-622 N Gilbert St, Danville, IL

    View details
    Champaign Retail Opportunity: Country Fair
    Contact for pricing
    300 SF
    Champaign Retail Opportunity: Country Fair

    Over 300,000 SF shopping center on 36 acres for sale.

    229 S Mattis Ave, Champaign, IL 61821

    View details
    Danville Mixed-Use Center For Sale
    $1,750,000
    8,133 SF
    Danville Mixed-Use Center For Sale

    Value-add mixed-use center in Danville with diverse tenant mix.

    610 N Gilbert St, Danville, IL 61832

    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
    $563,000
    5.63 Acres
    Commercial Land Near Sports Complex

    5.63 acre commercial development opportunity off Interstate 57.

    2995 County Road 1400 E, Rantoul, IL 61866

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    Rantoul Commercial Development Opportunity
    $4,000,000
    40.00 Acres
    Rantoul Commercial Development Opportunity

    40-acre commercial land near I-57 in Rantoul, Illinois.

    2990 County Road 1400 E, Rantoul, IL 61866

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    Commercial Land in Terre Haute
    $400,000
    4.42 Acres
    Commercial Land in Terre Haute

    Commercial land with road frontage in a high-traffic area.

    1301 Fort Harrison Road, Terre Haute, IN 47804

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    High Profile Commercial Land Available
    $1,800,000
    3.55 Acres
    High Profile Commercial Land Available

    3.55 acres of commercial land with high traffic frontage.

    150 W Courtland Avenue, Morton, IL 61550

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    Savoy, IL Shopping Centers Market Trends and Statistics

    Explore 1 shopping centers for sale in Savoy, IL on our real estate platform. These investment opportunities span a total of 3,365 square feet of properties for sale, with an estimated market value of $1,850,000.

    Sale prices for plazas in Savoy, IL start at $1,850,000, averaging $1,850,000, 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

    Shopping centers 2

    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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