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12814996
12814997

1201 Savoy Plaza Ln, Savoy, IL 61874 For Lease

AE
OH FLBO
Phillips Edison & Company
Phillips Edison & Company
Listed by Phillips Edison & Company
Undisclosed Rate
93 days on market
Updated 26 days ago

Savoy Plaza Outparcel

Building Details
Property Type Retail, Land (+1)
Sub Type Commercial
Tenancy Single

Spaces

Build-to-Suit | Ground Lease

Building description

Prime outparcel development opportunity at Savoy Plaza, a grocery‑anchored shopping center located along N. Dunlap Avenue / U.S. Route 45 in Savoy, Illinois, within the Greater Champaign market. The site offers build‑to‑suit or ground lease flexibility and benefits from strong visibility, established retail synergy, and consistent commuter traffic.

Savoy Plaza is anchored by Schnucks, one of the largest grocers in the Midwest, and features a strong mix of national and regional tenants, including Dollar Tree, Goodwill, Massage Envy, and Buffalo Wild Wings, driving daily traffic and repeat visitation. The outparcel’s position at the front of the center provides clear sightlines, shared access, and adjacency to daily‑needs retail, making it well suited for QSR, coffee, medical, financial, or service‑oriented users, including drive‑thru or pad formats, subject to approvals.

The property is located on N. Dunlap Avenue, which generates 16,200+ vehicles per day, delivering strong commuter flow and ongoing exposure. The surrounding trade area is supported by robust population growth, with a population exceeding 63,800 within a three‑mile radius, and average household incomes greater than $93,800, supporting long‑term demand for neighborhood‑serving retail and services.

Building highlights

  • Outparcel Development Opportunity
  • Build‑to‑Suit or Ground Lease
  • Grocery‑Anchored Adjacency (Schnucks)
  • Strong National Tenant Synergy
  • N. Dunlap Avenue / U.S. Route 45: 16,200+ VPD
  • Consistent Commuter Traffic Flow
  • Excellent Access & Visibility
  • Front‑of‑Center Positioning
  • Drive‑Thru / Pad Site Potential (subject to approvals)
  • Flexible Site Configuration
  • Population 63,800+ Within 3 Miles
  • Avg. HH Income $93,800+ (3‑Mile Radius)
  • Established Champaign‑Area Retail Hub
  • Institutional Ownership & Professional Management

Listing Contacts

AE
OH FLBO
Phillips Edison & Company
Phillips Edison & Company
Listed by Phillips Edison & Company

Property History

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