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, and Massage Envy, 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.
Tony Edwards
Phillips Edison & Company