500 N Walnut St

For Lease

500 N Walnut St, Champaign, IL 61820

You can currently find 1 retail space(s) available for lease at 500 N Walnut St. Designated use type for space listed here includes retail. Current retail listings at this property total 38,540 square feet. Lease type options include Modified Gross. Expand the listing and property details below for additional information on leasing opportunities at 500 N Walnut St.

Space Available For Lease 1

Contacts

AJ Thoma III

Coldwell Banker Commercial Devonshire Realty

Property Details

  • Property Type Retail
  • Date Updated May 21, 2026
New Market Commons is Champaign’s newest re-purposed building project consisting of roughly 40,000 SF on 1.5 acre site at the northeast edge of the revitalized Downtown Champaign. Currently there are 6 tenant spaces available from 1,782 SF to 5,990 SF. See floor plan and price list for more information. Construction/renovation began in Spring 2018 and were completed by in fall 2018. Individual spaces to be delivered as per the following: Storefront per elevations, Finished demised space, Electrical and Lighting to code, Sealed concrete floor, 1 ADA restroom, and separate HVAC & Electrical. Ownership is willing to consider additional buildout for qualified tenants. Property is broker owned.
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Reach out to the broker for more info on lease terms and amenities

Getting around

  • 84/100

    Walk Score ®

  • 58/100

    Transit Score ®

  • 77/100

    Bike Score ®

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Location

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

Points of Interest

  • Champaign-Urbana

    0.30 miles

  • Circle K

    0.68 miles

  • QuikTrip

    0.85 miles

  • ChargePoint

    0.93 miles

  • Shell

    1.12 miles

  • Mobil

    1.22 miles

  • Phillips 66

    1.31 miles

  • Tesla Supercharger

    2.06 miles

  • Walnut and Washington

    0.06 miles

  • Main and Market

    0.16 miles

  • North First Street Lot

    0.19 miles

  • Laura Apartments Parking

    0.62 miles

  • Whitehall Apartments Garage

    0.63 miles

  • Outpatient Dialysis Visitor Parking

    0.67 miles

  • Campus Center

    0.82 miles

  • A21

    0.82 miles

  • Parkette 151

    0.82 miles

  • A3

    0.87 miles

  • Kohinoor

    0.10 miles

  • Sticky Rice

    0.14 miles

  • Jupiter's Pizzeria & Billiards

    0.16 miles

  • Neil Street Blues

    0.16 miles

  • Black Dog

    0.16 miles

  • Big Grove Tavern

    0.17 miles

  • Ko-Fusion

    0.18 miles

  • Guido's

    0.20 miles

  • Nando Milano

    0.21 miles

  • Watson's Shack and Rail

    0.22 miles

  • Far East Grocery

    0.55 miles

  • AM-KO Oriental Foods and Gifts

    0.57 miles

  • County Market

    0.61 miles

  • World Harvest Foods

    0.62 miles

  • Target

    0.90 miles

  • Asian Supermarket

    1.09 miles

  • TJ Maxx

    1.21 miles

  • Kohl's

    1.27 miles

  • Gordmans

    1.38 miles

  • Macy's

    1.46 miles

500 N Walnut St 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.

    500 N Walnut St is located in Downtown Champaign, which is home to a total of 2 listing(s). Retail space at 500 N Walnut St asks $25.00/SF/YR per square foot.

  • The property includes 38,540 square feet of retail space for lease. Of this total, 38,540 square feet are Retail.

    Lease agreement conditions for the availability at this property include Modified Gross.

    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 Downtown Champaign is 22. The average household income here is $27,539 per year.

Contact Listing Broker
AJ Thoma III

Coldwell Banker Commercial Devonshire Realty

  1. 1Main information
  2. 2Extra information
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