For Lease
$0-$16 /SF/YR

608 University AveChampaign, IL 61820

Class A Retail/Office Space Available

Overview

Added:
Dec 11, 2024
Days on market:
117
Latitude, a Class A, two-building mixed-use development in Champaign, Illinois, offers exceptional retail and office space opportunities. This six-story complex, built in 2016, boasts 20,942 square feet of ground-floor commercial space across two city blocks, strategically located on East University Avenue (21,800 vehicles per day). Currently, 3,370 square feet of contiguous space is available in the east building, divisible into units as small as 1,441 square feet, to accommodate various tenant needs. Spaces are delivered as grey shell with a $50 per square foot tenant improvement allowance. The property benefits from high-speed fiber internet access and includes an outdoor patio area ideal for restaurant or retail use. Parking is available on the north side of the building, supplemented by metered street parking. One notable space, formerly a Bearology location, offers 772 square feet of usable space (1,372 square feet rentable), featuring an open counter with plumbing, a back room for storage, and a student lounge area. The property's zoning is CB1-Central Business Urban Fringe, and its prime location places it near the University of Illinois Engineering Campus, OSF Hospital, Carle Hospital, and downtown Champaign. The west building is fully leased. This presents a unique chance to establish a presence in a thriving, high-traffic area within a modern, well-maintained development.

Highlights

  • Class A, mixed-use Latitude development in Champaign, IL, offers 20,942 SF of ground-floor commercial space.
  • 3,370 SF of contiguous retail/office space available in east building, divisible to 1,441 SF; $50/SF TI allowance.
  • Prime East University Ave location (21,800 VPD), near UIUC Engineering, OSF & Carle Hospitals, and downtown.
  • Available space includes a 772 SF (1,372 RSF) former restaurant space with existing plumbing and storage.
  • Amenities include high-speed fiber internet, outdoor patio, and parking.

Property Details for 608 University Ave

Property type
Restaurants, Office properties
RSF (Rentable sq. ft)
20,942 SF
Class
A
Year Built
2016
Buildings
2
Stories
6

Unit(s) available at that property

Space
Suite 4
Size
1,929 SF
Space
Suite 5
Size
1,441 SF
Space
Space 1
Size
1,372 SF
Rate per SF
$16
Space
East Building
Size
3,370 SF
Rate per SF
$16

Location Insight

City
Champaign
County
Champaign
State
Illinois
Latitude
40.1166758
Longitude
-88.229763
608 University Ave, Champaign, Illinois

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608 University Ave
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