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    401 S Neil St Champaign, IL 61820

    Sponsored
    For Sale
    $574,900

    LAND - Champaign, IL

    Lot size:
    0.37 Acres
    Days on Market:
    1
    Last Refresh:
    Jan 9 at 12:06 pm

    Property Features for 401 S Neil St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    432013203003
    Lot size
    0.37 Acres

    Keller Williams The Real Estate Center of Illinois, LLC (217) 356-6100 [email protected]

    Listing agent Mark Panno (217) 356-6100

    Listing date Jan 9, 2026

    MLS# 12541567 Listing URL

    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.

    Overview

    Champaign Corner Lot For Sale

    Located in a desirable Champaign location, this corner lot offers an opportunity for build-to-suit or land lease options. The property is situated adjacent to the University of Illinois at Urbana-Champaign (UIUC) campus and on the south end of downtown Champaign, along a commuter route from four directions. The zoning is CB1, which is intended for medium intensity retail, service, and office development, along with housing, parking, and institutional uses. The developable space is approximately 16,258 square feet, or 0.37 acres. Traffic counts are as follows: Springfield Avenue eastbound sees 11,200 AADT (Annual Average Daily Traffic), and westbound sees 12,000 AADT. Neil Street southbound sees 15,200 AADT, and northbound sees 18,500 AADT.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Neil Street & Washington Parking Lot Concord Custom Cleaners Dry Cleaner

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Champaign
    County
    Champaign
    State
    Illinois
    Longitude
    -88.243881
    Latitude
    40.11232

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    FAQs

    What type of property is this?
    Commercial land - Highly trafficked corner lot near UIUC campus, Champaign, IL.
    Where is this commercial land located?
    The property is located at 401 S Neil St Champaign, IL.
    What is the asking price?
    The asking price for this property is $574,900.
    What are key features of this property?
    This property features: - High traffic corner location with excellent visibility.; - Adjacent to UIUC campus and the south end of downtown Champaign.; - CB1 Zoning allows for diverse development options (retail, service, office, housing).
    (217) 356-6100
    Request Owner's contact information
    401 S Neil St Champaign, IL 61820
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    401 S Neil St Champaign, IL 61820
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