Retail Restaurant Space with
116 N Neil Street, Champaign, IL 61820
For Lease
$20 SF/Yr
An outdoor seating area and basement storage complement the interior, with kitchen equipment available for purchase from the owner.
Space Size1,600 SF - 3,000 SF
Days on Market372
Property Features for 116 N Neil Street
General Information
Standard status
Size
Net Rentable
Zoning
Space & Availability
Available Space
Contiguous Space
Space Use
Restaurant
Patio
Equipment Included
Additional Details
Utilities to Site
Taxes and HOA fees
Annual Taxes
Amenities
outdoor patio
basement storage
Building Details
Year Built
Stories
Listing Agency:
GUTH & ASSOCIATES, LLC
Listed By:
Jill Guth · License IL #471020488
(217) 355-2545
Source:
Icandyrealty
Added: Nov 8, 2025
Changed: Nov 11
Last Checked: Nov 13 at 7:39PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,600-SF commercial space at 116 N Neil Street has an outdoor patio, basement storage, and existing kitchen equipment owned by the property owner and available for purchase. The property was built in 1920 and is zoned COMMR. The space may be combined with 118 N Neil Street to create approximately 3,000 SF.
Neil Street is the setting for this downtown Champaign property, among restaurants, bars, retail shops, and the downtown plaza. Street parking and a public parking garage are nearby. The tenant is responsible for gas, electric, water and sewer, as well as interior HVAC, plumbing, electrical, and general maintenance.
Neil Street is the setting for this downtown Champaign property, among restaurants, bars, retail shops, and the downtown plaza. Street parking and a public parking garage are nearby. The tenant is responsible for gas, electric, water and sewer, as well as interior HVAC, plumbing, electrical, and general maintenance.
Key Highlights
- 1,600 SF of retail or restaurant space
- Outdoor patio and basement storage
- Owner‑owned kitchen equipment available for purchase
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,534
Businesses Nearby
Explore this area
Business Placement
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
Lease Benchmarks for Champaign, IL
$19 /SF/Yr
Avg Asking Price
$17–$23 /SF/Yr
Price Range
9,496 SF
Avg Space Size
This space is priced 5% above the average of $19 /SF/Yr.
Properties on Market for Retail space in Champaign
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - An outdoor seating area and basement storage complement the interior, with kitchen equipment available for purchase from the owner.
Where is this retail space located?
The property is located at 116 N Neil Street Champaign, IL.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: 1,600 SF of retail or restaurant space; Outdoor patio and basement storage; Owner‑owned kitchen equipment available for purchase
