Restaurant Space with
For Lease
$22 SF/Yr
1005 S Neil Street #3, Champaign, IL 61820
Fully equipped restaurant space with indoor seating, outdoor patio, bar, and commercial kitchen infrastructure.
Space SizeContact for details
Days on Market435
Property Features for 1005 S Neil Street #3
General Information
Standard status
Active
Zoning
COMMR
Taxes and HOA fees
Annual Taxes
$31,754
Building Details
Year Built
2020
Stories
1
Listing Agency:
GUTH & ASSOCIATES, LLC
(217) 355-2545
Listed By:
Maggie Pitcher · License #475212357
(217) 355-2545
Source:
Birdrealtysells
Added: Jun 3, 2025
Changed: Aug 7
Last Checked: Aug 10 at 11:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of GUTH & ASSOCIATES, LLC
Investment Insights
Based on property information with market context.
Available for lease at 1005 S Neil Street #3, this 3,200-square-foot restaurant property was built in 2020 and includes a flexible dining layout with capacity for over 100 customers. The premises also feature an outdoor patio, built-in bar with multiple coolers, and a commercial kitchen equipped with two large hoods, a walk-in refrigerator/freezer, and two mop sinks. Most furniture, fixtures, and equipment may be included in the lease, excluding the dishwasher.
The property is positioned along the Neil Street corridor in Champaign, near the University of Illinois campus and surrounding student and residential populations. On-site parking, street visibility, and estimated average daily traffic of 21,000 to 22,000 vehicles support access throughout the day and evening. The property carries COMMR zoning.
The property is positioned along the Neil Street corridor in Champaign, near the University of Illinois campus and surrounding student and residential populations. On-site parking, street visibility, and estimated average daily traffic of 21,000 to 22,000 vehicles support access throughout the day and evening. The property carries COMMR zoning.
Key Highlights
- 3,200‑square‑foot restaurant space built in 2020
- Indoor dining layout accommodates over 100 customers
- Outdoor patio and built‑in bar with multiple coolers
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.30 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,274
Businesses Nearby
10k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Meatheads
Dining
5,136 visits/mo
0.3 miles
Papa John's Pizza
Dining
2,333 visits/mo
0.5 miles
Espresso Royale
Dining
2,089 visits/mo
0.4 miles
Demographics for 61820, IL
40,822
Population
18,672
Households
2.2
Avg Household Size
25
Median Age
55%
College-Educated
93%
High-School Grad
5.9 sq mi
ZIP Area
6,919
Density / Sq Mi
$31,031
Median Household Income
$14,828
Median Earnings
$1,077
Median Rent
$175,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully equipped restaurant space with indoor seating, outdoor patio, bar, and commercial kitchen infrastructure.
Where is this conventional restaurant located?
The property is located at 1005 S Neil Street #3 Champaign, IL.
What is the lease rate?
The lease rate is $22 SF/Yr.
What are key features of this property?
This property features: 3,200‑square‑foot restaurant space built in 2020; Indoor dining layout accommodates over 100 customers; Outdoor patio and built‑in bar with multiple coolers
