Champaign, IL Commercial Real Estate for Lease and Sale

Explore 93 listings of Champaign commercial real estate for lease and for sale to find the best space for your business.

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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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723 S Neil St

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

Retail

25,000 SF
Availability

6 Spaces

19,151 SF
For Lease

$16.00/SF/YR
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Campus Retail Space inside University Centre

37 East Green Street, In Town, Champaign, IL
Property

Retail

14,000 SF
Availability

1 Space

850 SF
For Lease

$1,400.00/MO
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1906 Fox Dr

1906 Fox Dr, Downtown Champaign, Champaign, IL
Property

Office

25,000 SF
Availability

1 Space

25,000 SF
Year Built

1987
For Lease

$12.00/SF/YR
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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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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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2017 S Neil St

2017 S Neil St, Southgate Ayreshire, Champaign, IL
Property

Retail

9,200 SF
Availability

2 Spaces

5,859 SF
Year Built

2015
For Lease

$15.00/SF/YR
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1310 N McKinley Ave

1310 N McKinley Ave, Garden Hills, Champaign, IL
Property

Industrial

188,062 SF
Availability

1 Space

33,790 SF
For Lease

$4.40/SF/YR
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GREAT INVESTMENT OPPORTUNITY! OFFICE/RETAIL SPACE

1807 W Bradley Ave, Mattis Commercial Park, Champaign, IL
Property

Retail

10,105 SF
Year Built

2019
For Sale Contact for pricing
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44 E Main St

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

Retail

4,402 SF
Availability

7 Spaces

4,402 SF
Year Built

1916
For Lease

$15.00/SF/YR
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NORTH PROSPECT RETAIL LAND FOR SALE

812 W Interstate Dr, Interstate Research Park, Champaign, IL
Property

VacantLand
For Sale

$705,000
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SALE OR LEASE: PROFESSIONAL OFFICE SPACE AVAILABLE ON MATTIS AVE.

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

Office

4,400 SF
Year Built

1956
For Sale

$1,250,000
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2215 Fox Dr

2215 Fox Dr, Colony West, Champaign, IL
Property

Office

24,954 SF
Availability

1 Space

24,954 SF
Year Built

1998
For Lease

$12.00 - $15.00/SF/YR
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2229 S Neil St

2229 S Neil St, Southgate Ayreshire, Champaign, IL
Property

Retail

38,517 SF
Availability

7 Spaces

12,958 SF
Year Built

1998
For Lease

$15.00 - $180.00/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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3201 Apollo Dr

3201 Apollo Dr, Wilbur Heights, Champaign, IL
Property

Industrial

62,400 SF
Availability

1 Space

62,400 SF
Year Built

2007
For Lease

$5.75/SF/YR
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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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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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1802 Fox Dr

1802 Fox Dr, Southgate Ayreshire, Champaign, IL
Property

Office

7,800 SF
Availability

2 Spaces

4,633 SF
Year Built

1994
For Lease

$12.00/SF/YR
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1806 Fox Dr

1806 Fox Dr, Southgate Ayreshire, Champaign, IL
Property

Office

20,000 SF
Availability

3 Spaces

14,935 SF
Year Built

1992
For Lease

$12.00 - $144.00/SF/YR
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809 Bloomington Rd

809 Bloomington Rd, Sherwood Terrace, Champaign, IL
Property

Retail

29,075 SF
Availability

1 Space

29,075 SF
Year Built

1980
For Lease

$14.00/SF/YR
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INVESTMENT GRADE OPPORTUNITY

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

Office

30,024 SF
Year Built

1974
For Sale

$3,950,000
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Prospect Avenue Outlot

803 W Anthony Dr, Baytowne, Champaign, IL
Property

Retail
Availability

1 Space

2,350 SF
For Lease Contact for pricing
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Church Street Square
HQ
206 North Randolph Street, Champaign, IL
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business address

Business lounge

Cleaning services

Ergonomic furniture

Lounge area

Mail services

Money-back guarantee

Office furniture
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807 Bloomington Rd

807 Bloomington Rd, Sherwood Terrace, Champaign, IL
Property

Retail

29,075 SF
Availability

1 Space

29,075 SF
For Lease

$14.00/SF/YR
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GREAT INVESTMENT OPPORTUNITY! – STAND ALONE RETAIL/OFFICE SPACE

1005 W Bloomington Rd, Garden Hills, Champaign, IL
Property

Retail

4,350 SF
Year Built

2007
For Sale Contact for pricing
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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 493,253 square feet of office space across 29 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 430,109 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 15,232 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 579,801 square feet of available listings. Retail space available in Champaign adds up to 535,131 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 $17.28 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 Mattis Commercial Park 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 35,233 square feet.
Retail properties here incorporate an average of 26,882 square feet.
Industrial space in Champaign is in buildings that are, on average 15,232 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 1,620,665 square feet. The market offers 25 active office listing(s), which amount to 305,811 square feet and account for 39% of commercial spaces on the market. Local retail availability includes 535,131 square feet across 28 retail space(s). Industrial space for rent opportunities in Champaign amount to 579,801 square feet across a total of 7 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	25	305,811
Retail	28	535,131
Industrial	7	579,801
Other	3	199,922

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 3,442,090 square feet of commercial property for sale here , which includes 4 office building(s) for sale , 6 retail investment opportunity listing(s) , and 1 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	4	42,478
Retail	6	53,708
Industrial	1	15,232
Other	15	3,330,672

Champaign, IL Commercial Real Estate for Lease and Sale

1422 South Neil Street

723 S Neil St

Campus Retail Space inside University Centre

1906 Fox Dr

2302 Fox Dr

310 S 1st St

2017 S Neil St

1310 N McKinley Ave

GREAT INVESTMENT OPPORTUNITY! OFFICE/RETAIL SPACE

44 E Main St

NORTH PROSPECT RETAIL LAND FOR SALE

SALE OR LEASE: PROFESSIONAL OFFICE SPACE AVAILABLE ON MATTIS AVE.

2215 Fox Dr

2229 S Neil St

920 W Anthony Dr

3201 Apollo Dr

4.9 ACRES OF RETAIL DEVELOPMENT OPPORTUNITY

229 S Mattis Ave

1802 Fox Dr

1806 Fox Dr

809 Bloomington Rd

INVESTMENT GRADE OPPORTUNITY

Prospect Avenue Outlot

Church Street Square

807 Bloomington Rd

GREAT INVESTMENT OPPORTUNITY! – STAND ALONE RETAIL/OFFICE SPACE

Frequently Asked Questions

Champaign, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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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

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us