Champaign, IL Commercial Real Estate for Lease and Sale

Explore 117 listings of Champaign commercial real estate to find the best space for your business.

310 S 1st St

310 S 1st St, Eastside Champaign, Champaign, IL
Property

Retail
Availability

1 Space

8,143 SF
Year Built

2017
For Lease

$16.00 - $18.00/SF/YR
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901 S Neil St

901 S Neil St, In Town, Champaign, IL
Property

Retail

3,000 SF
Availability

1 Space

3,000 SF
For Lease

$16.00/SF/YR
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601 N Neil St

601 N Neil St, Spalding Park, Champaign, IL
Property

VacantLand
For Sale

$400,000
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608 W Town Center Blvd

608 W Town Center Blvd, Baytowne, Champaign, IL
Property

Retail

5,800 SF
For Sale

$2,150,000
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Office Coworking Retail Industrial

Office Retail Industrial Land
DOLLAR GENERAL INVESTMENT NEW 10 YEAR LEASE

1204 N Market St, Bristol Place, Champaign, IL
Property

Retail

9,233 SF
For Sale

$1,400,000
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Downtown Office Available for Sale or Lease

201 W University Ave, West Central Champaign, Champaign, IL
Property

Office

29,615 SF
For Sale

$3,495,000
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CAR WASH

2208 W Springfield Ave, Mattis Commercial Park, Champaign, IL
Property

Retail

7,680 SF
For Sale

$1,350,000
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1741 W Kirby Ave

1741 W Kirby Ave, Old Farm, Champaign, IL
Property

Retail

47,000 SF
Availability

1 Space

47,000 SF
For Lease

$17.00/SF/YR
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500 N Walnut St

500 N Walnut St, Downtown Champaign, Champaign, IL
Property

Retail

38,540 SF
Availability

9 Spaces

28,192 SF
For Lease

$20.00 - $30.00/SF/YR
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118 N Neil St

118 N Neil St, Downtown Champaign, Champaign, IL
Property

Retail

1,468 SF
Availability

1 Space

1,468 SF
For Lease

$22.00/SF/YR
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2510 Village Green Pl

2510 Village Green Pl, Maynard Lake, Champaign, IL
Property

Retail

2,381 SF
Availability

1 Space

2,381 SF
For Lease

$17.00/SF/YR
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1408 N 5th St

1408 N 5th St, Crispus Attucks, Champaign, IL
Property

VacantLand
For Sale

$918,000
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44 E Main St

44 E Main St, Downtown Champaign, Champaign, IL
Property

Retail
Availability

1 Space

3,411 SF
Year Built

1916
For Lease

$15.00/SF/YR
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RETAIL AND OFFICE DEVELOPMENT LOTS

4403 Stonebridge Dr, Ironwood, Champaign, IL
Property

VacantLand
For Sale Contact for pricing
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48 E Main St

48 E Main St, Downtown Champaign, Champaign, IL
Property

Office

16,000 SF
Availability

1 Space

16,000 SF
Year Built

1915
For Lease

$15.00/SF/YR
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1207 S Mattis Ave

1207 S Mattis Ave, Stone Gate, Champaign, IL
Property

Office
Availability

1 Space

4,400 SF
Year Built

1956
For Lease

$12.00/SF/YR
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Industrial Development Opportunity in North Champaign

1702-1718 Rion Dr, Interstate Research Park, Champaign, IL
Property

VacantLand

44,700 SF
For Sale

$2,227,179.24
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1422 South Neil Street

1422 South Neil Street, In Town, Champaign, IL
Property

Retail

6,600 SF
Availability

1 Space

6,600 SF
For Lease

$8.00/SF/YR
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312 N Walnut St

312 N Walnut St, Downtown Champaign, Champaign, IL
Property

Industrial

12,900 SF
Availability

1 Space

12,900 SF
Year Built

1923
For Lease

$15.00 - $20.00/SF/YR
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Former Fuel Center - Champaign, IL

101 N Mattis Ave, Mattis Commercial Park, Champaign, IL
Property

Retail

1,400 SF
Availability

1 Space

1,400 SF
For Lease Contact for pricing
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3362 Big Pine Trail

3362 Big Pine Trail, Interstate Research Park, Champaign, IL
Property

Office

4,800 SF
Availability

1 Space

1,200 SF
Year Built

2008
For Lease

$15.00/SF/YR
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West Town Center

712 West Town Center Boulevard, Baytowne, Champaign, IL
Property

Retail

13,000 SF
Availability

1 Space

12,791 SF
For Lease Contact for pricing
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4.9 ACRES OF RETAIL DEVELOPMENT OPPORTUNITY

1202 W Anthony Dr, Baytowne, Champaign, IL
Property

VacantLand
For Sale Contact for pricing
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Retail/Fitness Space at Glenn Park

2002 Glenn Park Dr, Mattis Commercial Park, Champaign, IL
Property

Retail

143,000 SF
Availability

1 Space

22,000 SF
For Lease

$8.00/SF/YR
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Business Innovation Center

505 W. University Avenue, West Central Champaign, Champaign, IL
Property

Office

16,000 SF
Availability

3 Spaces

820 SF
Year Built

1982
For Lease

$400.00 - $1,500.00/MO
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State Street Flex Space

1706 S State Street, Southgate Ayreshire, Champaign, IL
Property

Retail

6,584 SF
Availability

1 Space

6,584 SF
Year Built

1998
For Lease

$14.00/SF/YR
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North Mattis Flex Space Investment

2602 North Mattis Avenue, Dobbins Downs, Champaign, IL
Property

Industrial

26,456 SF
For Sale

$1,450,000
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Atkins 150 SUB

I-74 W, Interstate Research Park, Champaign, IL
Property

VacantLand
For Sale

$619,200
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1905 N Neil St

1905 N Neil St, Wilbur Heights, Champaign, IL
Property

Retail

5,200 SF
Availability

1 Space

5,200 SF
Year Built

1982
For Lease

$25.00/SF/YR
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Commercial Lot - Champaign, IL

1701 Rion Drive, Interstate Research Park, Champaign, IL
Property

VacantLand

3 SF
For Sale

$675,000
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1101 N Prospect Ave

1101 N Prospect Ave, Champaign Heights, Champaign, IL
Property

VacantLand
For Sale

$500,000
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VALUE ADD OFFICE FOR SALE

2180 W Springfield Ave, Mattis Commercial Park, Champaign, IL
Property

Office

5,729 SF
Year Built

1970
For Sale

$425,000
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Prime Development Land For Sale

234 S Neil St, Downtown Champaign, Champaign, IL
Property

VacantLand
For Sale

$5,950,000
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COUNTRY FAIR INVESTMENT SALE

229 S Mattis Ave, Mattis Commercial Park, Champaign, IL
Property

VacantLand

304,910 Acre
Year Built

1958
For Sale Contact for pricing
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229 S Mattis Ave

229 S Mattis Ave, Mattis Commercial Park, Champaign, IL
Property

Retail

304,588 SF
Availability

11 Spaces

84,726 SF
Year Built

1960
For Lease

$10.00/SF/YR
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1808 N Oak St

1808 N Oak St, Crispus Attucks, Urbana, IL
Property

VacantLand
For Sale

$522,000
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Retail/Office Space at Glenn Park

2022 Glenn Park Dr, Mattis Commercial Park, Champaign, IL
Property

Office

143,000 SF
Availability

1 Space

5,000 SF
For Lease

$8.00/SF/YR
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723 S Neil St

723 S Neil St, In Town, Champaign, IL
Property

Retail

25,000 SF
Availability

1 Space

1,884 SF
For Lease

$16.00/SF/YR
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1910 Moreland Blvd

1910 Moreland Blvd, Baytowne, Champaign, IL
Property

Retail

15,200 SF
For Sale

$5,250,000
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615 W Town Center Blvd

615 W Town Center Blvd, Baytowne, Champaign, IL
Property

Industrial

49,784 SF
Availability

1 Space

49,784 SF
Year Built

2006
For Lease Contact for pricing
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Meijer | In-Store Retail Space

2401 N. Prospect Avenue, Baytowne, Champaign, IL
Property

Retail

192,052 SF
Availability

1 Space

595 SF
Year Built

1990
For Lease Contact for pricing
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2302 Fox Dr

2302 Fox Dr, Southgate Ayreshire, Champaign, IL
Property

Office

20,000 SF
Availability

3 Spaces

16,165 SF
Year Built

1997
For Lease

$12.00 - $144.00/SF/YR
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920 W Anthony Dr

920 W Anthony Dr, Baytowne, Champaign, IL
Property

VacantLand

8,100 Acre
Availability

1 Space

0.93 Acre
Year Built

2019
For Lease Contact for pricing
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412 S Staley Rd

412 S Staley Rd, Turnberry Ridge, Champaign, IL
Property

Industrial

3,200 SF
For Sale

$365,000
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Downtown Office Available for Sale or Lease

201 W University Ave, West Central Champaign, Champaign, IL
Property

Office

29,615 SF
Availability

1 Space

10,000 SF
For Lease

$14.00/SF/YR
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MARKET PLACE RETAIL FOR SALE

6 Convenience Center Rd, Wilbur Heights, Champaign, IL
Property

Other

5,500 SF
For Sale

$1,250,000
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APPLEWOOD VALLEY RETAIL/OFFICE LOTS

W Curtis Rd & S Mattis Ave, Southwood, Champaign, IL
Property

VacantLand

1,539,846 Acre
For Sale Contact for pricing
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2100 S Oak St

2100 S Oak St, Southgate Ayreshire, Champaign, IL
Property

Office

5,839 SF
Availability

2 Spaces

5,839 SF
For Lease Contact for pricing
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FedEx Ground - Distribution Facility

4105 Fieldstone Road, Timberline Valley South, Champaign, IL
Property

Industrial

153,030 SF
Year Built

1988
For Sale

$8,050,000
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101 E University Ave

101 E University Ave, Eastside Champaign, Champaign, IL
Property

Office
For Sale

Call For Info
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1801 Woodfield Drive
Woodfield Plaza
1801 Woodfield Drive, Savoy, IL
Services

Private Office
Amenities

24/7 security

Complimentary coffee & tea

High-speed internet

High-speed wifi

Lounge area

Notary/Legal services

Parking

Printer

Receptionist/Secretarial services

Utilities included
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102 S Neil St

102 S Neil St, Downtown Champaign, Champaign, IL
Property

Office

20,000 SF
Availability

1 Space

20,000 SF
Year Built

1902
For Lease

$15.00/SF/YR
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Champaign commercial real estate market incorporates 427,328 square feet of office space across 31 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Champaign commercial real estate market includes 539,525 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Champaign market, there is a total of 390,702 square feet of industrial property.

The listing inventory in Champaign incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Champaign is represented by Industrial space, which accounts for 751,565 square feet of available listings. Retail space available in Champaign adds up to 523,704 square feet.

Meanwhile, most of the listings of commercial property for sale in Champaign are in the Retail category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Champaign is $17.97 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Champaign can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Champaign, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Champaign is in the Southgate Ayreshire neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Colony West area.

Meanwhile, retail space opportunities are most abundant in the Mattis Commercial Park submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Wilbur Heights.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $49.66 per square foot. In particular, the property type commanding the highest lease rates in Champaign was Office space.

The average size of a commercial property in Champaign depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Champaign, the average size of an office property is 32,872 square feet.
Retail properties here incorporate an average of 33,721 square feet.
Industrial space in Champaign is in buildings that are, on average 65,117 square feet in size.

Champaign, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Champaign currently add up to 1,653,333 square feet. The market offers 28 active office listing(s), which amount to 329,384 square feet and account for 38% of commercial spaces on the market. Local retail availability includes 521,873 square feet across 31 retail space(s). Industrial space for rent opportunities in Champaign amount to 751,565 square feet across a total of 9 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	28	329,384
Retail	31	521,873
Industrial	9	751,565
Other	4	50,511

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Champaign, IL. Currently, there is 3,712,667 square feet of commercial property for sale here , which includes 4 office building(s) for sale , 9 retail investment opportunity listing(s) , and 3 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	4	39,744
Retail	9	70,222
Industrial	3	182,686
Other	25	3,420,015

Champaign, IL Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Champaign, IL?

What factors affect the price of commercial real estate in Champaign, IL?

What is the average rent for commercial space in Champaign, IL?

What are the best areas for commercial real estate in Champaign, IL?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Champaign, IL?

Champaign, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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