505 E University Ave

For Lease

505 E University Ave, Champaign, IL 61820

You can currently find 1 retail space(s) available for lease at 505 E University Ave. Designated use type for space listed here includes retail. Current retail listings at this property total 1,400 square feet. Lease type options include NNN. Expand the listing and property details below for additional information on leasing opportunities at 505 E University Ave.

Space Available For Lease 1

Contacts

broker

Jay Sikorski

Coldwell Banker Commercial Devonshire Realty

Property Details

  • Property Type Retail
  • Additional Rent Contact for pricing
  • Year Built 1990
  • Date Updated Nov 21, 2024
This versatile multi-tenant building includes a liquor store, an international fast-food restaurant, and a therapy center, making it an attractive and diverse leasing opportunity. The space is presented in vanilla box condition, providing a blank canvas for customization. Ample parking is available on-site, enhancing accessibility and convenience. The property boasts excellent visibility from the bustling University Avenue, ensuring high foot traffic and exposure.

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Highlights

  • This prime location is within walking distance to the University of Illinois, OSF Heart of Mary Medical Center, and Carle Foundation Hospital. Situated right on University Avenue, a major thoroughfare running eastwest through Champaign and Urbana, this area offers excellent connectivity. The property is nestled in a densely populated neighborhood, surrounded by numerous businesses and shops, making it a vibrant and convenient place for both tenants and customers.

Attachments

Getting around

  • 88/100

    Walk Score ®

  • 60/100

    Transit Score ®

Powered by Walk Score ®

Location

  • City Champaign, IL
  • Neighborhood Eastside Champaign
  • Zip Code 61820

Points of Interest

  • Champaign-Urbana

    0.52 miles

  • Circle K

    0.11 miles

  • ChargePoint

    0.37 miles

  • QuikTrip

    1.29 miles

  • Marathon

    1.51 miles

  • Shell

    1.68 miles

  • Tesla Supercharger

    2.56 miles

  • Outpatient Dialysis Visitor Parking

    0.14 miles

  • A21

    0.27 miles

  • A3

    0.33 miles

  • North Campus Parking Garage

    0.35 miles

  • Campus Center

    0.36 miles

  • B2

    0.43 miles

  • North First Street Lot

    0.43 miles

  • B22

    0.44 miles

  • B1

    0.44 miles

  • B-3

    0.46 miles

  • Golden Wok

    0.08 miles

  • Lao Sze Chuan Chinese Restaurant and Bar

    0.10 miles

  • Perkins

    0.32 miles

  • Four Chicago Grill

    0.32 miles

  • Burrito King

    0.32 miles

  • Jipbap Taste of Korea

    0.35 miles

  • Oozu Ramen Bar

    0.35 miles

  • Pho Noodle Station

    0.36 miles

  • Jerusalem Restaurant

    0.36 miles

  • Cravings Restaurant

    0.37 miles

  • World Harvest Foods

    0.05 miles

  • Far East Grocery

    0.07 miles

  • County Market

    0.26 miles

  • Target

    0.43 miles

  • AM-KO Oriental Foods and Gifts

    0.47 miles

  • World Harvest

    1.09 miles

  • Lincoln Square

    1.34 miles

  • Common Ground

    1.38 miles

  • Schnucks

    1.51 miles

  • TJ Maxx

    1.57 miles

505 E University Ave Listing Brief

  • A property’s location contributes to the asking rent almost as much as its characteristics do. For instance, central urban locations with high walkability or suburban locations with ample parking and easy access by car will claim higher rents but offer superior access to your customer base. Likewise, the quality of the building systems and property finishes have a significant impact on how businesses can conduct their activity there, as well as on the experience of their customers.

    505 E University Ave is located in Eastside Champaign, which is home to a total of 2 listing(s). Retail space at 505 E University Ave asks $16.00/SF/YR per square foot.

  • The property includes 1,400 square feet of retail space for lease. Of this total, 1,400 square feet are Retail.

    Lease agreement conditions for the availability at this property include NNN.

    For more information or to schedule a tour of the property, use the convenient contact form on this page to get in touch with a representative.

  • You should keep in mind that different areas gradually build a reputation as hotspots or desirable corridors for shopping, eating, or other entertainment and consumer activities. So, while renting retail space in an area with a well-established high-end reputation might mean more customers that are more willing to spend, it will also place you in a more competitive environment.

    Knowing your ideal customer is essential. For your consideration, the average age of residents in Eastside Champaign is 22. The average household income here is $33,045 per year.

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Jay Sikorski

Coldwell Banker Commercial Devonshire Realty

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  2. 2Extra information