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9 E University Ave 1,423 - 3,383 SF of Retail Space Available in Champaign, IL 61820
Highlights
- Great Downtown Location
- Great Visibility and Accessibility
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 101 | 1,960 SF | Negotiable | $20.89 CAD/SF/YR $1.74 CAD/SF/MO $40,942 CAD/YR $3,412 CAD/MO | Triple Net (NNN) | ||
| 2nd Floor, Ste 201 | 1,423 SF | Negotiable | $12.53 CAD/SF/YR $1.04 CAD/SF/MO $17,835 CAD/YR $1,486 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 101
Suite 101 offers a dedicated street-level entrance opening into a spacious main-floor area with exposed brick, hardwood floors, and a single restroom. The lower level provides additional open space, a second restroom, small kitchenette and storage, offering flexibility for a variety of commercial uses.
- Lease rate does not include utilities, property expenses or building services
2nd Floor, Ste 201
Suite 201 offers 1,423 SF on the second floor plus an additional 893 SF bonus mezzanine. The distinctive upper-level layout features a spacious open main area, full restroom and kitchen, with multiple mezzanine loft areas overlooking the main space. Exposed brick walls, hardwood floors and distinctive finishes provide architectural character throughout, making the suite well suited for creative, office, studio or other commercial uses.
- Lease rate does not include utilities, property expenses or building services
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 3,383 SF | Gross Leasable Area | 3,797 SF |
| Property Type | Retail | Year Built | 1925 |
| Property Subtype | Storefront Retail/Office |
| Total Space Available | 3,383 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 3,797 SF |
| Year Built | 1925 |
About the Property
Prominently located in the heart of Downtown Champaign, 9 E University Avenue offers two distinct commercial spaces available for lease within a character-rich historic building. Suite 101 | 1,960 SF | $15.00/SF NNN Suite 101 includes 1,135 SF of street-level space plus 825 SF of lower-level space. A dedicated street-level entrance opens into a spacious main-floor area featuring exposed brick, hardwood floors and a private restroom. The lower level provides additional open space, a second restroom, kitchenette and storage, offering flexibility for a variety of commercial uses. Suite 201 | 1,423 SF + 893 SF Bonus Mezzanine | $9.00/SF NNN Suite 201 offers 1,423 SF on the second floor plus an additional 893 SF bonus mezzanine. The distinctive upper-level layout features a spacious open main area, full restroom and kitchen, with multiple mezzanine loft areas overlooking the main space. Exposed brick walls, hardwood floors and distinctive finishes provide architectural character throughout, making the suite well suited for creative, office, studio or other commercial uses. Area Description 9 E University Avenue is strategically located just off the corner of University Avenue and Neil Street in downtown Champaign. The property benefits from a highly visible downtown location, walkable access to restaurants, entertainment, offices, and nearby public parking, along with convenient access to University Avenue, Neil Street and the Illinois Terminal.
- Tenant Controlled HVAC
- Air Conditioning
Nearby Major Retailers
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9 E University Ave
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