Downtown Champaign Mixed-Use
320 N Neil Street, Champaign, IL 61820
COMMERCIAL - Champaign, IL
Property size:
5,865 SFLot size:
0.08 AcresPrice / SF:
$213/SF- Added:
- Feb 10, 2026
- Days on Market:
- 91
- Last Refresh:
- May 12 at 12:06 pm
Property Features for 320 N Neil Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COMMR
- Standard status
- Active
- APN
- 422012427008
- Size
- 5,865 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- LOT PT 17 BLOCK 3 RAILROAD ADD
- Tax Annual Amount
- 13136
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1925
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Brick
Listing agent Shannon Collins License #ILLINOIS475.178418 (217) 356-8750
Listing office Green Street Realty 510 S. Neil St., Champaign, IL (217) 356-8750
Listing date Feb 10, 2026
MLS# 12559693
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime downtown location in Champaign's central business district (CB2 zoning).
- Mixed‑use property with income‑generating two‑bedroom apartment, leased through 07/31/2026 at $1,800/month.
- First floor configured for nightclub/bar use with existing 28' bar, sprinkler system, and handicap accessibility.
- Spacious 5,865 SF above grade plus 1,620 SF basement with walk‑in cooler and storage.
- Second‑floor apartment features 14' ceilings, fireplace, and separate HVAC and electrical service.
- Strong mechanical infrastructure and updated systems (sprinkler, alarm, emergency lighting) in place.
Overview
Located in downtown Champaign, this mixed-use property at 320 N Neil St features a two-story masonry brick building with 5,865 square feet above grade, plus a 1,620 square foot basement. Zoned CB2 (Central Business Downtown), the first floor is configured for nightclub or bar use and includes a 28-foot bar, sprinkler and alarm systems, a handicap-accessible entrance and restrooms, emergency lighting, mezzanine areas, and strong mechanical infrastructure. The basement provides storage, a walk-in cooler, and mechanical space with interior and rear access. The second floor features a well-maintained two-bedroom, two-bath apartment with 14-foot ceilings, a fireplace, and separate HVAC and electrical service. The apartment is currently leased for $1,800 per month through 07/31/2026, providing rental income. The property is located among downtown restaurants, nightlife, and mixed-use development.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Progressive Car Insurance
Financial Advisor
Anthem Bar
Nightclub
Location Insight
- Map
- Local Demand
- City
- Champaign
- County
- Champaign
- State
- Illinois
- Longitude
- -88.2431137
- Latitude
- 40.118759
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Prime mixed-use property in downtown Champaign with rental income.
Where is this mixed-use property located?
The property is located at 320 N Neil Street Champaign, IL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Prime downtown location in Champaign's central business district (CB2 zoning).; Mixed‑use property with income‑generating two‑bedroom apartment, leased through 07/31/2026 at $1,800/month.; First floor configured for nightclub/bar use with existing 28' bar, sprinkler system, and handicap accessibility.
