FOR LEASE – RESTAURANT OR RETAIL DEVELOPMENT OPPORTUNITY

Property Description

OPTION A: “As-Is”
The existing restaurant space is equipped with kitchen and hood systems. The original oak wood flooring can be restored. Ideal for restaurant, brewery, or event use.
Asking rate for entire building is $18.00 PSF NNN.

OPTION B: Redevelop into smaller suites
Ownership will divide the building into 1,600 – 1,800 SF suites (See Scheme B) that would include a new façade, storefronts and fresh exterior finishes. These spaces would be delivered as a vanilla box with plumbing roughed in for a restroom, 200 amp electrical, new storefront, HVAC sized for standard office/retail use and demising wall taped, mudded, and ready for paint.
Offering these spaces for $20.00 PSF NNN.

Area Description

1706 S. State sits just west of the South Neil Street Corridor – an arterial thoroughfare that runs from Downtown through Campustown to south Champaign. This corridor offers direct proximity to the University of Illinois, Gies Memorial Stadium, State Farm Center and the many local dining, services and hotels within the Carriage Center development.