New Market Commons

LeaseOfficeRetail 1,782 - 5,990 SF
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500 N. Walnut St.
Champaign, IL 61820
Lease Price: $20.00 - $30.00 / SF
Lease Type: Modified Gross
Building Size: 38,540 SF
Available Space: 1,782 - 5,990 SF
Zoning: CI - Commercial Industrial
Tax PIN: 42-20-12-288-011, 012, 010
Building Class: A

Property Description

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.

Location Description

Located downtown Champaign, this redevelopment is mixed-use featuring an attractive site design which exudes a vintage, urban industrial vibe. Perfect for destination retail, boutiques, art studios, galleries, coffee shops, breweries, and original restaurants, New Market Commons is set to become the premier social hub of Champaign. Additionally, adaptive re-use of the building ensures each tenants’ space has an atmosphere filled with character, unique architectural features, flexible layouts, and some with outdoor seating or retail space. Walk-ability from a new major downtown residential development and ample onsite parking make New Market Commons conveniently accessible to pedestrians and drivers a like. Come be a part of this exciting new development and reserve your space today!

Traffic Counts:

Washington St. – 7,800 VPD

Walnut/Market St. – 8,250 VPD