10 E CHESTER ST, CHAMPAIGN, IL 61820-4001 For Sale

Mixed-Use Opportunity in the Heart of Downtown Champaign

Rare opportunity to acquire a ±7,000 SF mixed-use building in Downtown Champaign, featuring a well-established restaurant on the ground floor and a spacious residential/Airbnb unit on the second floor.

The first floor is home to Pizzeria Antica, a locally recognized restaurant that has successfully operated at the property for more than 11 years. The space was extensively renovated from its former use as an architectural office and now features a one-of-a-kind custom pizza oven, attractive dining areas, and a private dining room that could potentially be converted back to conference or office space. Restaurant equipment may be available for purchase as part of the transaction.

The second floor consists of an expansive ±3,500 SF residential unit featuring two bedrooms and two bathrooms. Currently operated as a successful Airbnb, the unit benefits from strong occupancy and premium rates during University of Illinois sporting events, graduation weekends, and other major campus activities.

Strategically positioned along Chestnut Street, the property enjoys excellent visibility and is located directly across from the City of Champaign Municipal Building. On-street parking is available immediately in front of the property, and the site offers potential for outdoor dining or patio seating.

Downtown Champaign continues to be one of Central Illinois' most dynamic urban districts, offering a unique blend of residential living, major employment centers, restaurants, entertainment venues, and nightlife. This property presents an attractive opportunity for investors seeking diversified income streams or owner-users looking to combine business operations with residential accommodations in a highly desirable downtown location.