Champaign, IL
Commercial Real Estate Market Trends & Data

$200 Avg asking sale price
$15 Avg asking lease rate
8,934 SF Avg unit lease size
47,682 SF Avg building size for sale
8.21% Average cap rate

Champaign's Demographic Profile

Champaign has 37,182 households and a median income of $51,109, providing context for rent absorption and tenant demand across retail and multifamily assets. A 0% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 89,529
# Households 37,182
Median age 29
Median household income $51,109
Avg household size 2.0
Renter-occupied housing units 22,869
5-year population change 0%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Champaign, IL

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Champaign $243 10,939 SF 10.52%
Urbana $216 7,153 SF 10.52%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Champaign $71 176,501 SF 11.52%
Danville $41 32,414 SF 8.00%
Nearby Retail Markets Avg Cost/SF Typical Size
Champaign $291 9,919 SF
Urbana $221 11,468 SF
Paxton $59 6,317 SF
Tuscola $26 37,619 SF
Rankin $999 62,446 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Champaign $165 15,718 SF 10.52%
Urbana $203 5,619 SF 10.52%
Danville $62 2,850 SF 19.16%
Decatur $70 25,722 SF 14.50%
Bloomington $115 17,299 SF 9.33%

Commercial Properties For Sale in Champaign

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

4401 Nicklaus Dr

Champaign, IL 61822

  • 1.40 AC Lot
  • 1 Commercial Lot
  • $450,000
For Sale

206 S Grove St

Urbana, IL 61802

  • 7,200 SF Multifamily
  • 6.71% Cap Rate
  • $949,000
For Sale

10 Units Champaign IL - 2 Adjacent Prop

Champaign, IL

  • $490,000
For Sale

Hot Wok Building

Urbana, IL 61801

  • 2,200 SF Retail Building
  • $1,250,000
For Sale

218 W Main St

Urbana, IL 61801

  • 7,750 SF Office Building
  • 8.09% Cap Rate
  • $995,000
For Sale

Vacant Improved Building Site

Champaign, IL 61822

  • 5 AC Lot
  • 1 Commercial Lot
  • $550,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Champaign pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Champaign $200 47,682 SF
Urbana $173 38,266 SF
Rantoul $71 30,100 SF
Ludlow $272 1,100 SF

Multifamily Properties For Sale in Champaign

For Sale

The Organ Loft Apartments

Champaign, IL 61820

  • 6,556 SF Multifamily
  • 10.52% Cap Rate
  • $1,995,000

Regional Demographic Comparison

This comparison places Champaign alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Champaign or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Mahomet 10,334 3,728 40 $117,134 3 729 2%
Rantoul 13,448 5,372 37 $48,478 2 2,751 2%
Ludlow 330 130 43 $67,500 3 25 -2%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Champaign, IL and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Champaign

View All Commercial Real Estate For Sale in Champaign
Is Champaign a good market for a first-time commercial real estate investor?

Champaign offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Champaign?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Champaign. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Champaign?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Champaign. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Champaign compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Champaign. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Champaign acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Champaign, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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