Investment opportunity at 1205 S Mattis Ave in Champaign. This approximately 6,200 square foot commercial building is being offered for sale with three established tenants in place, providing immediate income and operational stability. The property features both front and rear parking, offering convenience and accessibility for tenants and visitors. A major capital improvement has already been completed with a brand-new roof installed in 2025 at a cost of $130,000-reducing near-term maintenance concerns and adding long-term value for the next owner. Positioned in a high-visibility, high-traffic corridor, this property offers strong fundamentals for investors seeking a stabilized asset with upside potential.
Turnkey 9-Unit Investment Property with Proven Income - Champaign, IL Strategically located near Downtown Champaign, Westside Park, and adjacent to Champaign Central High School, this fully renovated 9-unit building offers immediate, stable cash flow backed by documented performance. The property consists of six SRO units and three studio apartments, each featuring a private bathroom, creating an efficient, high-demand unit mix that supports consistent occupancy. The asset produced $56,400 in gross income over the past 12 months (~$4,700/month average collected), with current leases supporting $5,400/month at full occupancy following completion of all renovations in 2024. This is not a projection; repairs and leasing adjustments are complete, positioning the next owner to step into stabilized operations. Recent capital improvements include major roof repairs, new electric water heater, updated kitchenettes and bathrooms, fresh interior paint, secure electronic entry locks, camera systems, and the addition of an on-site laundry room already in service. Separate electric meters further streamline management and expense control. This is an ideal opportunity for investors seeking a true turnkey, workforce-housing asset with durable demand, modernized systems, and immediate income in one of Champaign's most accessible rental locations.
Prime mixed-use property located in the heart of downtown Champaign at 320 N Neil St. Zoned CB2 (Central Business Downtown), this two-story masonry brick building offers 5,865 SF above grade plus a 1,620 SF basement. The first floor is configured for nightclub/bar use and features a 28' bar, sprinkler and alarm systems, handicap-accessible entrance and restrooms, emergency lighting, mezzanine areas, and strong mechanical infrastructure. The basement provides storage, a walk-in cooler, and mechanical space with interior and rear access. The second floor includes a well-maintained two-bedroom, two-bath apartment with 14' ceilings, fireplace, and separate HVAC and electrical service. The apartment is currently leased for $1,800 per month with a lease in place through 07/31/2026, providing built-in rental income to help offset operating costs of the commercial space below. Located among downtown restaurants, nightlife, and mixed-use development.
This is a unique opportunity to own a commercial building within view of the one of the heavily traveled intersections in Champaign. This building is currently being used as retail space and office/retail unit. 5700 SQ FT separated into two units with the option to add a third unit with nothing more than a wall. There are three bathrooms and over 1,500 SQ FT of warehouse space with an large overhead garage door. Seller is collecting $1,300 a month with their current tenant on a month to month lease as the seller utilizes the retail & warehouse space of the building. Building comes equipped already with three separate powerheads for easy billing to separate units.
Outstanding Location...Unlimited Possibilities...Excellent Opportunity! ~10 acres conveniently located between Mahomet & Champaign on US Rt. 150, surrounded by a permitter of mature trees and adjacent to 95 acre prairie restoration. Easy access to Champaign, Mahomet, I-74 & Staley Rd, making this an excellent business location, building site or development area. "Triple-Net" lease through 10/31/2026. Fully leased Commercial property in the County. Current, happy tenant pays all property taxes, insurance, utilities, maintenance and $7500 a month in rent. (interested in staying) Next owner will collect $90K in income over the next 12 months with zero expenses! (yes...you read that right! ) Brick and concrete fence provide a gated security entry to the massive 130 x 60 building that is built like a tank! Currently divided into 3 separate units that all have separate utilities, doors and bathrooms. Endless amount of parking and wide open space, along with plenty of open space for outdoor storage, work space and future expansion. Also included is a multi-level, residential 4 bedroom, 1.5 bath, 2500sqft (1900 finished) home with a detached 2.5 car garage. Large spaces include (28x14) living room and (22x11) 4 season room and a (14x11)laundry room plus loads of storage in the unfinished basement. Recent updates include a freshly painted interior, replacement windows, new quality LVP flooring throughout and updated kitchen with stainless appliances. Property has two PIN's 12-14-33-100-011 & 12-14-28-300-008. A tremendous amount of property, value to expand your business or add to your investment portfolio. Don't Delay...Call Today!
Great return on investment. Business for sale. No Real Estate. Illini Pantry is a well known liquor store in the heart of campus. Current lease has 7 years remaining with another 10 year option. There is $750,000 - $800,000 in inventory that is not part of the sales price that would be added to the price based on actual inventory at closing.
The Quarters - Exceptional investment opportunity! This 32-unit, 5-story apartment building in Downtown Champaign was built in 2014 and features Spanish Colonial-inspired design with 14' ceilings, hardwood floors, granite window sills, and Juliet balconies. Units include in-unit laundry, full appliance packages, and high-speed internet. The building offers covered parking, secure access, and a 5-stop Kone elevator. With a strong leasing history, high occupancy, and consistent rent growth, this property is a turnkey income-producing asset in a prime, walkable location near restaurants, nightlife, and shopping.
Available for sale or lease at a negotiable rate! Seller is very flexible. Truly a unique location and property, this standalone bi-level retail facility, set on half an acre, and positioned on a prime out lot of Champaign County's foremost shopping hub, the Market Place Mall. Originally established as a bank, the property underwent a comprehensive reconstruction in 2006 and boasts a 3,100 sq. ft. basement with 12 ft. ceiling heights, which is not factored into the overall 5,500 sq. ft. footprint. This supplementary space is ideal for back-end operations as well as inventory and storage needs. As a result, the main level is primarily devoted to sales, featuring strategically placed stockrooms and restrooms. The owners have thoughtfully reimagined the property to highlight an exquisite central showroom area. Please reach out to arrange a viewing and explore the space in person.
Warehouse, office space, acreage, and a single-family rental property all in one! Sitting on 5 acres with close access to I-57 and surrounding communities. This building is composed of multiple offices,a kitchen, and a conference room. Large warehouse space with concrete floors and skylights for. Climate-controlled warehouse space is available as well. This building can handle any or multiple companies' needs. Plenty of land for future income possibilities and approved zoning for storage units, additional buildings, etc. Some spaces and single-family home are currently rented. Schedule your showing today!
Beautiful 13,580 SF commercial building for sale! Constructed in a high quality manner in design and finishes, this building provides 10ft ceilings, an abundant of lighting throughout, and overlooks the park and lake out the back. The exterior features professional landscape, an irrigation system, sidewalks, and 46 concrete parking spaces with brick, car siding, and stone exterior. The once class A office building has been converted to a school/daycare split into two suites with two current tenants in place. Additionally, the property offers a metal roof, geothermal heating and cooling system, sprinkler system, and alarm systems. This is a great investment opportunity. View it today!
Excellent investment opportunity in downtown Champaign, located across from the Hill Street Parking Deck and just steps away from downtown restaurants and night-life. This historic turn of the century, architecturally significant Richardsonian building features residential multi-family and commercial tenant spaces. The building, once owned by Senator McKinley, began life as "The Women's Town Club" hotel, and now is home to Buzard Pipe Organ Builders, LLC. There are currently 6 unique luxury 2-bedroom residential apartments ranging from 980 to 1400 sqft which are 100% leased. The commercial space is currently occupied by the owner/business. Updates include zoned HVAC, 800 Amp electrical service, all new plumbing, 2 elevators (1 recently added freight and 1 historic passenger), new roof, thermopane windows, brick tuck-pointing, restored vintage and reproduction light fixtures, doors and windows, preserved tile flooring and original woodworking throughout. The entire building is fire-protected by a sprinkler system, and the ceiling separating the commercial space from the residential apartments above has a 2-hour fire rating. The first and second floor commercial space could be leased as a whole or split into multiple spaces. The existing apartments on the 3rd and 4th floors have room for significant monthly rent increases, and additional residential units could be added. They have cherry cabinets and high-end finishes, with some including tin ceilings and 100+-year-old pine floors. New windows were recently installed, and each unit features a washer and dryer. Unit 302 is multi-story in design, with the second bedroom accessible via a spiral staircase. The commercial space features a three story tall back loft which was opened from the first floor to the top of the 3rd floor. This building has endless opportunities including a potential event center space with ample parking in the parking deck. Because this building has been labeled a Historic Landmark, both federal and state historical tax credits are available for future renovation and construction expenses. Contact the listing agent for additional details on the potential hundreds of thousands of dollars (up to 45% of your improvements costs) available depending upon the project scope.
Historic Illinois Traction Building in the heart of Downtown Champaign offers high visibility and high traffic count. Built in 1913, the building was designed by architect Joseph Royer in the Contemporary Commercial Style featuring large windows on all sides allowing for natural light and city views! The building originally housed the railway's offices and served as the Champaign interurban station until 1936. It later housed the offices of the Illinois Power Company, which descended from the Illinois Traction System. The building was added to the National Register of Historic Places in 2006. This property is a rare offering for a stand alone building with its perfect blend of retail, residential, and office space plus off street parking. The West side has outdoor paved space currently being utilized for off street parking however with its in-place access to the 1st floor of the building this space could be transformed into outdoor patio and/or dining areas. With the high traffic of University Avenue an outdoor patio/dining space can show off your business and increase customer awareness. Across Market street to the east is the Illinois Terminal hub which is a consolidated terminal hosting a major transfer point for local mass transit service, inter-city bus service, and Amtrak passenger service. This location also provides easy access to the University of Illinois with over 55,000 students. Downtown Champaign offers a variety of sought out restaurants, microbreweries, and pubs plus a vibrant cultural and arts scene. Throughout Downtown you will find mixed use properties and multi-family developments creating a significant residential population that combines with a strong daytime employment creating a strong customer and client base for any business.
Welcome to a golden opportunity nestled in the bustling heart of commerce, where the aroma of success is as rich as the coffee brewing in the morning. This is not just a property; it's a beacon of potential, a canvas awaiting the masterstroke of your business acumen. Imagine owning a slice of prosperity on a major corridor that pulses with the lifeblood of the city, a stone's throw from the vibrant North Prospect shopping center and the bustling Marketplace Mall. Here, commerce dances to the rhythm of opportunity, and your investment grows with the ebb and flow of the city's heartbeat. Step onto this almost two-acre estate and feel the pulse of potential beneath your feet. The centerpiece is a robust 5,800 sq. ft. restaurant, a culinary haven that whispers tales of sumptuous feasts and clinking glasses, leased to a tenant whose commitment mirrors the strength of this building-five years, with the promise of renewal for another five, ensuring a steady stream of income like a bountiful harvest, $8,300 per month to be precise. As you wander through this well-crafted space, let your senses be your guide. Envision the laughter and conversation of diners, the sizzle of exquisite cuisine being prepared, and the clink of glasses in celebration-all contributing to the symphony of a successful enterprise. But the allure doesn't end there. Adjacent to this bustling eatery lies a vacant acre, a blank canvas kissed by the sun and caressed by possibilities. Here, you have the freedom to erect a 6,000 sq. ft. edifice of your own design, whether it be a retail haven, a professional hub, or an extension of the gastronomic paradise next door. And let's not forget the new Costco, just a block to the west, adding to the magnetic draw of the area, ensuring a steady flow of patrons and the promise of growth. This property, offered at $2,500,000 for the full expanse of opportunity, or $1,250,000 for the vacant acre alone, is not just an investment; it's a cornerstone for your future, a place where your entrepreneurial dreams can take root and flourish. Seize the chance to be a part of this commercial tapestry, to weave your vision into the fabric of this thriving community. This is where your foresight meets fruition, where your business can bloom amidst the thrum of a city on the rise. Welcome to your future. Welcome to success.

Champaign is located in Illinois. Champaign, Illinois has a population of 88,343. Champaign is more family-centric than the surrounding county with 31.77% of the households containing married families with children. The county average for households married with children is 30.63%.
The median household income in Champaign, Illinois is $52,687. The median household income for the surrounding county is $56,939 compared to the national median of $69,021. The median age of people living in Champaign is 26.9 years.
The average high temperature in July is 84.4 degrees, with an average low temperature in January of 16.6 degrees. The average rainfall is approximately 40.7 inches per year, with 20.3 inches of snow per year.