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Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Rent
MLS Listing ID 12744817
Year Built 1951
Annual Tax Amount $32,500
Tax Year 2025
Lot Dimensions 138 X 132
Property Sub-Type Retail/Stores
Property Description
Exceptional second-generation restaurant opportunity located at the highly visible corner of Springfield Ave and Prospect Ave. This well-maintained property offers approximately 3,365 SF on the main level with an additional 3,343 SF basement for storage and office space. Renovated and professionally built out around 2018, the functional kitchen includes a hood, walk-in cooler, and walk-in freezer, while the dining area is filled with natural light from expansive windows. The space has an occupancy of 99, two ADA-compliant restrooms, and a private office off the kitchen. The basement also includes an unfinished office area that could be completed for additional workspace but would require improvements before occupancy or leasing. Zoned CN (Commercial Neighborhood), the property is well suited for a restaurant, cafe, bakery, or even a small grocery or convenience store with a bakery or deli operation. Situated at one of Champaign's premier intersections, this location offers outstanding visibility and accessibility and has a proven history of success as the longtime home of Pekara Bakery & Bistro.
Location
State IL
County Champaign
Area Champaign, Savoy
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Retail/Stores
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Shannon Collins of Green Street Realty